Sandridge Energy (SD) Gross Margin (2009 - 2023)
Sandridge Energy (SD) reported Gross Margin of 37.65% for Q4 2023, down 1396.0% on a YoY basis from 2.91% in Q4 2022, and down 46.2% sequentially from 69.99% in Q3 2023.
Sandridge Energy (SD) Gross Margin (2009 - 2023) Analysis & Trends
Sandridge Energy (SD) has 15 years of Gross Margin data on file, last reported at 37.65% in Q4 2023.
- For the quarter ending Q4 2023, Gross Margin fell 1396.0% year-over-year to 37.65%; the trailing twelve-month figure through Dec 2023 stood at 64.28% (down 1322.0% YoY), and the FY2025 full-year result was 70.18%, up 756.0% from the prior year.
- Gross Margin eased to 37.65% in Q4 2023, 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 30.39% in Q4 2020.
- A 5-year average of 66.2% and a median of 69.99% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 1897 bps in 2020 and soared 3282 bps in 2021, its largest moves.
- Tracing SD's Gross Margin over 5 years: stood at 59.11% in 2019, then slumped by 49 bps to 30.39% in 2020, then soared by 108 bps to 63.21% in 2021, then retreated by 18 bps to 51.61% in 2022, then decreased by 27 bps to 37.65% in 2023.
- Business Quant data shows SD's Gross Margin at 37.65% in Q4 2023, 69.99% in Q3 2023, and 73.66% in Q2 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 60.14% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | - |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 99.43% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 89.26% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 93.19% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 78.73% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 80.17% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 95.79% |
| 10 | Sandridge Energy | 494.19 Mn | 492.89 Mn | - | - |
Historic Data
Download 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 | 30.39% |
| Sep 30, 2020 | 70.87% |
| Jun 30, 2020 | 47.76% |
| Mar 31, 2020 | 61.29% |
| Sep 30, 2019 | 59.11% |
| Jun 30, 2019 | 66.74% |
| Mar 31, 2019 | 68.90% |
| Sep 30, 2018 | 77.56% |