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Thursday, February 28, 2013

SandRidge 4Q12 And Full Year Earnings

Press release.

SandRidge Energy, Inc. today announced financial and operational results for the quarter and year ended December 31, 2012.

Fourth Quarter
  • Adjusted EBITDA of $318 million for fourth quarter 2012 compared to $175 million in fourth quarter 2011.
  • Operating cash flow of $259 million for fourth quarter 2012 compared to $154 million in fourth quarter 2011.
  • Net loss applicable to common stockholders of $302 million, or $0.63 per diluted share, for fourth quarter 2012 compared to net loss applicable to common stockholders of $389 million, or $0.97 per diluted share, in fourth quarter 2011.
  • Adjusted net income of $35.3 million, or $0.06 per diluted share, for fourth quarter 2012 compared to adjusted net income of $8.7 million, or $0.02 per diluted share, in fourth quarter 2011.
Full Year
  • Adjusted EBITDA of $1,070 million for 2012 compared to $654 million in 2011.
  • Operating cash flow of $915 million for 2012 compared to $542 million in 2011.
  • Net income available to common stockholders of $86 million, or $0.19 per diluted share, for 2012 compared to net income available to common stockholders of $52 million, or $0.13 per diluted share, in 2011.
  • Adjusted net income of $124.3 million, or $0.23 per diluted share, for 2012 compared to adjusted net income of $6.9 million, or $0.01 per diluted share, in 2011.

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