SandRidge Energy (SD): Closed $65.0M Cherokee Play acquisition in August 2026
Closed $65.0M Cherokee Play asset acquisition in August 2026 plus $6M contingent earn-outs, funded with cash on hand; no buybacks in 9M…
What this filing says
SandRidge closed the acquisition of producing assets and leasehold interests in the Cherokee Play of the Mid-Continent region, funded with cash on hand, plus three contingent earn-out payments of $2.0 million each tied to WTI crude oil price thresholds. The company did not buy back any shares in the first nine months of 2026, compared with a repurchase program that was active a year earlier.
Key figures
- Acquisition price
- $65.0 million
- Each earn-out payment
- $2.0 million
- Revenues receivable at Sept 30, 2026
- $24.7 million
- Revenues receivable at Dec 31, 2025
- $16.7 million
- Buyback authorization
- $75.0 million
Positive for shareholders
- Revenues receivable rose to $24.7 million from $16.7 million at year-end 2025, a sign of higher receivables on the balance sheet.
Negative for shareholders
- No shares were repurchased in the first nine months of 2026, versus $6.4 million of buybacks a year earlier.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- Earn-out:
- An additional payment made to the seller only if specified future conditions, here oil price thresholds, are met.
- WTI crude oil:
- West Texas Intermediate, a benchmark grade of crude oil used to price U.S. oil production.
- Asset acquisition under ASC 805:
- An accounting treatment where the purchase price is allocated to the individual assets bought rather than recorded as a business combination.
- Rule 10b5-1:
- An SEC rule that lets insiders and companies set up pre-planned stock trades that can run without case-by-case decisions.
FAQ
How was SandRidge Energy's Cherokee Play acquisition paid for?
The company funded the acquisition with cash on hand, according to the filing.
Did SandRidge Energy repurchase any of its shares in 2026?
No, the filing says the company did not repurchase any shares during the nine months ended September 30, 2026.
Historical context for SD
Across the 10 sessions after earlier SD headlines, the stock closed higher 5 times and lower 5 times, with a median move of 2.0% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
Keep researching SD
- SD financial statementsRevenue, profit, cash flow and balance sheet from SandRidge Energy Inc.'s SEC filings.
- What is Form 10-Q?The quarterly report US public companies file with the SEC for each of the first three fiscal quarters, with unaudited financial statements and MD&A.
- Form 10-K vs 10-QThe difference between a 10-K and a 10-Q: what each report contains, filing deadlines by company size, audited vs reviewed financials, and which sections to read first.
- SD insider tradesEvery buy and sale reported by SandRidge Energy Inc. officers, directors and large holders.
- SD earnings historyPast SandRidge Energy Inc. earnings releases, newest first.
- Market cap
- 30-day
- Sector
- Energy
- Industry
- Oil & Gas Production
- Listed since
- 2016
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