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.