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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Successor        
Revenues        
Oil, natural gas and NGL $ 84,546   $ 182,695  
Other 305   506  
Total revenues 84,851   183,201  
Expenses        
Production 25,209   50,232  
Production taxes 2,653   5,829  
Depreciation and depletion—oil and natural gas 27,038   51,609  
Depreciation and amortization—other 3,493   7,330  
Accretion of asset retirement obligations 2,439   4,848  
Impairment 446   2,977  
General and administrative 23,769   43,707  
(Gain) loss on derivative contracts (23,543)   (57,726)  
Loss on settlement of contract 0   0  
Other operating (income) expense (1)   267  
Total expenses 61,503   109,073  
Income (loss) from operations 23,348   74,128  
Other (expense) income        
Interest expense (946)   (1,885)  
(Loss) gain on extinguishment of debt 0   0  
Reorganization items, net 0   0  
Other income, net 1,055   2,025  
Total other income (expense) 109   140  
Income (loss) before income taxes 23,457   74,268  
Income tax (benefit) expense (42)   (39)  
Net income (loss) 23,499   74,307  
Preferred stock dividends 0   0  
Income available (loss applicable) to SandRidge Energy, Inc. common stockholders $ 23,499   $ 74,307  
Earnings (loss) per share        
Basic (in dollars per share) $ 0.69   $ 2.44  
Diluted (in dollars per share) $ 0.69   $ 2.42  
Weighted average number of common shares outstanding        
Basic (in shares) 34,076   30,458  
Diluted (in shares) 34,138   30,650  
Predecessor        
Revenues        
Oil, natural gas and NGL   $ 95,662   $ 180,037
Other   3,759   9,716
Total revenues   99,421   189,753
Expenses        
Production   42,686   89,968
Production taxes   2,121   3,829
Depreciation and depletion—oil and natural gas   27,952   60,278
Depreciation and amortization—other   6,974   13,809
Accretion of asset retirement obligations   1,387   2,975
Impairment   253,629   363,743
General and administrative   31,024   105,302
(Gain) loss on derivative contracts   7,969   5,161
Loss on settlement of contract   1,092   90,184
Other operating (income) expense   (103)   3,369
Total expenses   374,731   738,618
Income (loss) from operations   (275,310)   (548,865)
Other (expense) income        
Interest expense   (41,605)   (122,756)
(Loss) gain on extinguishment of debt   (152)   41,179
Reorganization items, net   (200,918)   (200,918)
Other income, net   2,077   2,230
Total other income (expense)   (240,598)   (280,265)
Income (loss) before income taxes   (515,908)   (829,130)
Income tax (benefit) expense   3   7
Net income (loss)   (515,911)   (829,137)
Preferred stock dividends   5,440   16,321
Income available (loss applicable) to SandRidge Energy, Inc. common stockholders   $ (521,351)   $ (845,458)
Earnings (loss) per share        
Basic (in dollars per share)   $ (0.73)   $ (1.20)
Diluted (in dollars per share)   $ (0.73)   $ (1.20)
Weighted average number of common shares outstanding        
Basic (in shares)   718,102   703,943
Diluted (in shares)   718,102   703,943