SandRidge Energy (SD) Cash Flow: Operating & Free Cash Flow

SandRidge Energy (SD) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), SandRidge Energy generated $100.14M of operating cash flow and spent $67.69M on capital expenditures. That left free cash flow of $32.45M, down 31.7% from $47.53M a year earlier, or 20.8% of revenue. It returned $22.56M to shareholders through $15.86M in dividends and $6.69M in share buybacks.

SandRidge Energy Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for SandRidge Energy, Inc. (SD) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	70.20	62.99	60.86	242.17	116.74	-277.35	-449.31	-9.08	47.06
Depreciation & Amortization	42.87	32.48	22.18	17.88	15.45	58.09	159.26	139.26	131.89
Deferred Income Tax	-5.54	-22.23	13.96	-64.53	-15.45	0.00	0.00	19.71	-19.67
Stock Based Compensation	2.74	2.35	1.95	1.53	1.39	3.01	4.26	23.38	15.75
Change in Working Capital	-7.98	-2.97	12.05	-28.06	-2.43	-8.14	9.76	8.71	-1.56
Change in Accounts Receivable	-3.46	-0.84	12.13	-13.21	0.84	5.87	15.83	16.56	0.12
Change in Inventory	0.00	0.00	0.00	0.00	1.40	0.00	0.00	2.79	0.32
Change in Accounts Payable	-1.42	2.81	-1.41	-5.25	-2.24	-12.97	0.00	-4.26	-2.20
Change in Other Working Capital	-3.10	-4.94	1.33	0.15	-1.03	-1.04	-6.07	-6.38	0.21
Other Operating Activities	-7.70	1.32	18.55	0.15	-20.89	0.26	397.36	-36.47	7.70
Net Cash from Operating Activities	100.14	73.93	115.58	164.70	110.26	36.16	121.32	145.51	181.18
Investing Activities
Capital Expenditures	-67.69	-26.41	-37.64	-44.13	-15.19	-12.46	-191.68	-187.05	-219.25
Acquisitions	0.88	0.00	0.00	0.45	38.16	0.00	0.00	28.36	21.83
Other Investing Activities	2.80	-154.70	1.47	0.00	-3.55	37.56	1.83	3.59	-26.48
Net Cash from Investing Activities	-64.01	-154.70	-36.16	-45.12	22.97	25.09	-189.85	-183.45	-245.72
Financing Activities
Debt Repayment	-0.74	-0.71	-0.59	-0.54	-20.00	-38.73	56.13	-36.30	0.00
Common Stock Issued	0.00	0.00	0.09	0.08	0.02	0.00	0.00	0.00	0.00
Common Stock Repurchased	-6.69	-0.23	-0.93	0.00	-0.90	-0.06	-0.37	-7.42	-6.73
Dividends Paid	-15.86	-72.34	-81.52	0.00	0.00	0.00	0.00	0.00	0.00
Other Financing Activities	-0.74	-0.39	-0.59	-1.18	-0.08	-0.16	-0.91	-7.42	-8.22
Net Cash from Financing Activities	-23.30	-73.67	-82.94	-1.64	-21.98	-38.96	54.85	-43.72	-8.22
Summary
Net Change in Cash	12.83	-154.43	-3.52	117.94	111.26	22.30	-13.68	-81.66	-72.76
Cash at Beginning of Period	99.51	253.94	257.47	139.52	28.27	5.97	19.65	101.31	174.07
Cash at End of Period	112.35	99.51	253.94	257.47	139.52	28.27	5.97	19.65	101.31
Free Cash Flow	32.45	47.53	77.94	120.56	95.07	23.70	-70.35	-41.53	-38.07
Supplemental Disclosures
Interest Paid	-	0.13	0.10	0.22	0.18	1.26	-	-	-
Income Taxes Paid	-	-	-	-	-	-0.62	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About SandRidge Energy Cash Flow

What is SandRidge Energy's free cash flow?

SandRidge Energy generated free cash flow of $32.45M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $100.14M minus $67.69M of capital expenditures. That was down 31.7% from $47.53M a year earlier. Free cash flow equaled 20.8% of revenue.

How much does SandRidge Energy spend on capital expenditures?

SandRidge Energy spent $67.69M on capital expenditures in fiscal 2025, compared with $26.41M a year earlier. That equals 67.6% of operating cash flow.

Does SandRidge Energy pay dividends or buy back shares?

Yes. In fiscal 2025 SandRidge Energy returned $15.86M in dividends and $6.69M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition