Sandridge Energy (SD) Gross Margin (2009 - 2023)
Sandridge Energy's (SD) quarterly Gross Margin came in at 37.65% in Q4 2023, down 1396.0% year-over-year from 2.91% in Q4 2022, and down 46.2% quarter-over-quarter from 69.99% in Q3 2023.
Analysis
Sandridge Energy (SD) Gross Margin (2009 - 2023) Analysis & Trends
Sandridge Energy has disclosed Gross Margin across 15 years of filings, most recently posting 37.65% for Q4 2023.
- In Q4 2023, Gross Margin fell 1396.0% year-over-year to 37.65%; the TTM figure through Dec 2023 stood at 64.28% (down 1322.0% YoY), while the FY2025 annual figure was 70.18%, up 756.0% from the prior year.
- Gross Margin came in at 37.65% for Q4 2023 at Sandridge Energy, down from 69.99% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 86.36% in Q2 2022 to a low of 30.42% in Q4 2020.
- Average Gross Margin over 5 years is 64.63%, with a median of 69.44% recorded in 2019.
- Year-over-year, Gross Margin sank 1883 bps in 2020 and surged 3279 bps in 2021.
- Over 5 years, Gross Margin stood at 34.86% in 2019, then slipped by 13 bps to 30.42% in 2020, then jumped by 108 bps to 63.21% in 2021, then decreased by 18 bps to 51.61% in 2022, then slipped by 27 bps to 37.65% in 2023.
- Per Business Quant data, the three most recent Gross Margin figures were 37.65% in Q4 2023, 69.99% in Q3 2023, and 73.66% in Q2 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.36 Bn | 158.67 Bn | 12.81 Bn | 65.62% |
| 2 | Canadian Natural Resources | 106.48 Bn | 104.59 Bn | 8.84 Bn | 82.99% |
| 3 | Eog Resources | 77.48 Bn | 72.58 Bn | - | - |
| 4 | Diamondback Energy | 57.49 Bn | 57.03 Bn | 5.55 Bn | 99.84% |
| 5 | Devon Energy | 46.66 Bn | 45.65 Bn | 6.02 Bn | 81.22% |
| 6 | Expand Energy | 23.15 Bn | 21.88 Bn | 2.33 Bn | 78.58% |
| 7 | Permian Resources | 19.91 Bn | 19.65 Bn | - | - |
| 8 | Ovintiv | 17.99 Bn | 17.10 Bn | 2.83 Bn | 93.93% |
| 9 | Apa | 15.85 Bn | 15.40 Bn | 2.28 Bn | 94.91% |
| 10 | Sandridge Energy | 545.10 Mn | 427.54 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 37.65% |
| Sep 30, 2023 | 69.99% |
| Jun 30, 2023 | 73.66% |
| Mar 31, 2023 | 72.90% |
| Dec 31, 2022 | 51.61% |
| Sep 30, 2022 | 86.33% |
| Jun 30, 2022 | 86.36% |
| Mar 31, 2022 | 81.11% |
| Dec 31, 2021 | 63.21% |
| Sep 30, 2021 | 80.51% |
| Jun 30, 2021 | 73.00% |
| Mar 31, 2021 | 76.34% |
| Dec 31, 2020 | 30.42% |
| Sep 30, 2020 | 70.76% |
| Jun 30, 2020 | 47.90% |
| Mar 31, 2020 | 61.21% |
| Dec 31, 2019 | 34.86% |
| Sep 30, 2019 | 59.11% |
| Jun 30, 2019 | 66.74% |
| Mar 31, 2019 | 68.90% |