Forensic Analysis · Upstream Exploration & Production · as of Nov 9, 2026

Sandridge Energy Inc (SD)

A forensic read on Sandridge Energy Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

C · Mixed — selective

Forensic grade

Safe

Financial health

3.1

Distress distance

Clean

Earnings quality

Forensic signals

14.5%

ROE

24.8%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Sandridge Energy Inc earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 3.1, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

12.4%

FY2025

Return on invested capital. Return on invested capital is 12.4% in the latest fiscal year, against 19.2% in FY2023, having run between 8.6% and 19.2% across FY2023–FY2025 with no direction held. After-tax operating profit was $52M in FY2023 and $55M in FY2025, with operating income at 43.2% of revenue in FY2023, 26.5% in FY2024 and 39.0% in FY2025. The capital base behind it grew +63% across FY2023–FY2025, from $272M to $444M, while the return fell 6.8 points, so the dollars added over that window earned less than the 19.2% the older base was already earning.

-78%

FY2024→FY2025

Dividend — cut. The payout was CUT ~78% in FY2025 (from FY2024). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies.

Key fundamentals

Latest Revenue$156.4M

Revenue Growth YoY+24.8%

Revenue CAGR (2yr)+2.6%

Net Margin44.9%

Free Cash Flow$41.5M

Return on Equity14.5%

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Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.