In its latest financial report, SandRidge Energy Inc. (SD) announced an increase in its third-quarter profit compared to the previous year. The company reported a net income of $25.48 million, translating to $0.69 per share, up from $18.67 million, or $0.51 per share, in the same period last year.
After adjusting for certain items, SandRidge Energy Inc. posted an adjusted net income of $7.06 million, or $0.19 per share.
However, the company's revenue for the quarter experienced a decline, falling 21.2% to $30.06 million, down from $38.149 million in the previous year.
Key figures from SandRidge Energy Inc.'s third-quarter earnings (GAAP) include:
- Net Income: $25.48 million, compared to $18.67 million in the same period last year.
- Earnings Per Share (EPS): $0.69, up from $0.51 last year.
- Revenue: $30.06 million, down from $38.149 million last year.
