Oil was Sandridge Energy’s largest revenue line in fiscal 2025, bringing in $154.54M of $312.71M (49%).
| Petroleum Reserves | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Oil | $175.06M | $156.35M | $136.46M | $154.54M |
| Natural Gas | $206.13M | $69.88M | $42.79M | $83.17M |
| Ngl | $127.33M | $71.05M | $71.32M | $75.00M |
| Total | $508.52M | $297.28M | $250.58M | $312.71M |
Sandridge Energy brought in $312.71M from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 24.8% from $250.58M in fiscal 2024. Oil was the largest at $154.54M (49.4%), ahead of Natural Gas at $83.17M (26.6%) and Ngl at $75.00M (24.0%).
Compared with fiscal 2024, Natural Gas grew fastest, up 94.4% to $83.17M. Every revenue line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these revenue lines fell from $508.52M to $312.71M, a compound annual decline of 15.0%. Oil's share of the total rose from 34.4% to 49.4%.
Guarantors was Sandridge Energy’s largest revenue line in fiscal 2013, bringing in $3.35B of $3.97B (84%).
| Legal Entity | FY 2011 | FY 2013 |
|---|---|---|
| Guarantors | $2.57B | $3.35B |
| Non-Guarantors | $536.85M | $616.60M |
| Eliminations | -$278.14M | — |
| Total | $2.83B | $3.97B |
Sandridge Energy brought in $3.97B from its two revenue lines in fiscal 2013, the year ended December 31, 2013. Sandridge Energy regrouped these revenue lines after fiscal 2011, so the total does not compare directly with that year's $2.83B. Guarantors was the largest at $3.35B (84.5%), ahead of Non-Guarantors at $616.60M (15.5%).
Compared with fiscal 2011, the previous year with figures, Guarantors grew 30.3% to $3.35B and Non-Guarantors grew 14.9% to $616.60M.
Plains Marketing L.P was Sandridge Energy’s largest revenue line in fiscal 2020, bringing in $80.12M of $229.44M (35%).
| Customer | FY 2014 | FY 2016 | FY 2016 | FY 2017 | FY 2018 | FY 2020 |
|---|---|---|---|---|---|---|
| Plains Marketing L.P | $235.85M | $204.36M | $80.12M | |||
| Plains Marketing, L.P | — | — | — | |||
| Targa Pipeline Mid-Continent West Ok Llc | — | $253.10M | $76.57M | |||
| Targa Midstream Services L.P | — | — | — | |||
| Sinclair Crude Company | — | $125.25M | $72.75M | |||
| Total | $235.85M | $582.71M | $229.44M |
Sandridge Energy brought in $229.44M from its three revenue lines in fiscal 2020, the year ended December 31, 2020. That was down 60.6% from $582.71M in fiscal 2018, the previous year with figures. Plains Marketing L.P was the largest at $80.12M (34.9%), ahead of Targa Pipeline Mid-Continent West Ok Llc at $76.57M (33.4%) and Sinclair Crude Company at $72.75M (31.7%).
Compared with fiscal 2018, the previous year with figures, every revenue line above 2% of revenue shrank. Sinclair Crude Company held up best, down 41.9% to $72.75M, and Targa Pipeline Mid-Continent West Ok Llc fell the most, down 69.7% to $76.57M.
Sandridge Energy began breaking out Targa Pipeline Mid-Continent West Ok Llc in fiscal 2018 and Sinclair Crude Company in fiscal 2018.
Sandridge Energy (SD) reports its revenue by petroleum reserves, by legal entity and by customer. In fiscal 2025, Oil was its largest revenue line, bringing in $154.54M (49.4% of the total), followed by Natural Gas at $83.17M (26.6%).
Oil was Sandridge Energy's largest revenue line in fiscal 2025, bringing in $154.54M, or 49.4% of the $312.71M total across its three revenue lines.
Among Sandridge Energy's revenue lines that make up at least 2% of revenue, Natural Gas grew fastest in fiscal 2025, up 94.4% from $42.79M to $83.17M.
Every figure comes from Sandridge Energy's annual financial filings, as reported. Each line keeps the name Sandridge Energy gives it, and years follow its fiscal calendar.
Sandridge Energy's revenue by petroleum reserves goes back to fiscal 2022, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.