SandRidge Energy (SD) Registration Filing summary

Company overview and business model

• Independent oil and natural gas company focused on production, development, and acquisition of oil and gas properties, primarily in the Mid-Continent region (Oklahoma, Texas, Kansas).

• Organized in 2006, with principal executive offices in Oklahoma City.

• Operates through several subsidiaries, including SandRidge Exploration and Production, LLC, SandRidge Holdings, Inc., SandRidge Midstream, Inc., SandRidge Operating Company, and SandRidge Realty, LLC.

Financial performance and metrics

• As of July 29, 2025, approximately 36.75 million shares of common stock are issued and outstanding; no preferred stock outstanding.

• In 2024, paid a one-time cash dividend of $1.50 per share and ongoing quarterly dividends of $0.11 per share, totaling $72.3 million in dividends for the year.

• Board declared a $0.11 per share dividend payable March 31, 2025.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including working capital, debt repayment/refinancing, capital expenditures, acquisitions, and investments in projects.

• Specific allocations will be detailed in the applicable prospectus supplement at the time of offering.