SANDRIDGE ENERGY , INC . ANNOUNCES FINANCIAL AND OPERATING RESULTS FOR THE THREE AND SIX - MONTH PERIODS ENDED JUNE 30 , 2024 AND DECLARES $0 . 11 PER SHARE CASH DIVIDEND

SandRidge Energy, Inc., has announced financial results for the second quarter of the year, including a $2.9 million in interest income. Following the announcement, the company has been given $26.6 million of cash and cash equivalents. The company says it had $2.1 million worth of operating activities, as part of an expected 15% conversion rate. But could this mean another 1% increase in annual profits and revenue - which is higher than previously forecasted, but does it actually have enough cash to generate significant changes to its profitability? The BBC s Larry Madowo looks at what happened in the three and six-month periods of June 30, 2024, and how much is it likely to be able to get it to shareholders of record on August 16, 2026? Financial results have been shown to the BBC ahead of this week. Here is the full transcript of its latest results from the first quarter and the final phase of his earnings for their first three months of operational results and what would it mean for its business? And why is this going to make it more easier to find out when it is due to close within the next six months, after the end of August without further notice? Here are the details of how it was reported. A third quarter GDP was $8.8 million, or $2.2 million and will not be the same as the previous three weeks earlier this year? What are these statistics? Among those reporting the results?

Source: prnewswire.com
Published on 2024-08-07