Sandridge Energy (SD) Gross Margin (2009 - 2023)
Sandridge Energy (SD) posted Gross Margin of 37.65% for Q4 2023, down 46.2% sequentially from 69.99% in Q3 2023, and down 1396.0% YoY from 2.91% in Q4 2022.
Sandridge Energy (SD) Gross Margin (2009 - 2023) Analysis & Trends
Sandridge Energy has reported Gross Margin for 15 years, with the latest figure at 37.65% in Q4 2023.
- Quarterly Gross Margin fell 1396.0% year-over-year to 37.65% in Q4 2023, while the trailing twelve-month figure through Dec 2023 was 64.28% (down 1322.0% YoY) and the FY2025 annual result came in at 70.18%, up 756.0% from the prior year.
- Gross Margin eased to 37.65% in Q4 2023 per SD's latest filing, from 69.99% in the prior quarter.
- Over five years, Gross Margin peaked at 86.36% in Q2 2022 and troughed at 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.
- The sharpest annual moves came in 2020 and 2021: Gross Margin slumped 1897 bps in 2020, then surged 3282 bps in 2021.
- Over 5 years, Gross Margin stood at 59.11% in 2019, then sank by 49 bps to 30.39% in 2020, then soared by 108 bps to 63.21% in 2021, then dropped by 18 bps to 51.61% in 2022, then declined by 27 bps to 37.65% in 2023.
- According to Business Quant data, Gross Margin over the past three periods registered 37.65%, 69.99%, and 73.66% for Q4 2023, Q3 2023, and Q2 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.72 Bn | 156.03 Bn | 12.81 Bn | 65.62% |
| 2 | Canadian Natural Resources | 106.53 Bn | 104.63 Bn | 10.66 Bn | 85.63% |
| 3 | Eog Resources | 80.07 Bn | 75.16 Bn | - | - |
| 4 | Diamondback Energy | 59.18 Bn | 58.72 Bn | 5.55 Bn | 99.84% |
| 5 | Woodside Energy | 46.10 Bn | 40.16 Bn | 6.02 Bn | 91.41% |
| 6 | Devon Energy | 46.07 Bn | 45.06 Bn | 6.02 Bn | 81.22% |
| 7 | Occidental Petroleum | 39.50 Bn | 35.35 Bn | 7.73 Bn | 95.88% |
| 8 | Eqt | 33.75 Bn | 33.64 Bn | 1.42 Bn | 78.73% |
| 9 | Texas Pacific Land | 26.18 Bn | 25.94 Bn | - | - |
| 10 | Sandridge Energy | 525.91 Mn | 408.35 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% |