SandRidge Energy (SD) reported second-quarter total revenues of $51.1 million and net income of $26.7 million, or $0.72 per basic and diluted share, for the three months ended June 30, 2026.
The company said production averaged 19.7 MBoe per day during the quarter, up 11% from the same period in 2025. SandRidge also declared a $0.13 per-share dividend and said it expects to close a previously announced Cherokee Play acquisition in the third quarter of 2026.
- Second-quarter oil, natural gas and NGL revenues were $51.1 million, compared with $34.5 million in the prior-year quarter.
- Net income was $26.7 million, compared with $19.6 million in the second quarter of 2025.
- Cash and cash equivalents, including restricted cash, were $114.7 million as of June 30, 2026, with no outstanding term or revolving debt obligations.
- The board declared a $0.13 per-share dividend payable Aug. 31, 2026, to stockholders of record on Aug. 19, 2026.
- SandRidge completed four operated wells in the first half of 2026 as part of its one-rig Cherokee development program, with two more wells completed in July.
$SD Hedge Fund Activity
We have seen 72 institutional investors add shares of $SD stock to their portfolio, and 73 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GOLDMAN SACHS GROUP INC added 360,536 shares (+172.4%) to their portfolio in Q1 2026, for an estimated $5,880,342
- LSV ASSET MANAGEMENT added 288,843 shares (+158.0%) to their portfolio in Q1 2026, for an estimated $4,711,029
- STATE STREET CORP added 266,027 shares (+25.6%) to their portfolio in Q1 2026, for an estimated $4,338,900
- TWO SIGMA INVESTMENTS, LP added 248,907 shares (+101.3%) to their portfolio in Q1 2026, for an estimated $4,059,673
- BLACKROCK, INC. removed 202,773 shares (-6.4%) from their portfolio in Q1 2026, for an estimated $3,307,227
- CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. added 152,212 shares (+245.5%) to their portfolio in Q1 2026, for an estimated $2,482,577
- UNIVERSAL- BETEILIGUNGS- UND SERVICEGESELLSCHAFT MBH added 132,086 shares (+inf%) to their portfolio in Q1 2026, for an estimated $2,154,322
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
