Quarterly Financial Results (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

The Company’s operating results for each quarter of 2018 and 2017 are summarized below (in thousands, except per share data).


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2018
Total revenues	$	87,128	$	79,462	$	97,660	$	85,145
(Loss) income from operations(1)(2)	$	(41,967)	$	(33,685)	$	12,430	$	52,847
Net (loss) income(1)(2)	$	(40,894)	$	(34,074)	$	11,715	$	54,178

(Loss applicable) income available per share to SandRidge Energy, Inc. common stockholders
Basic	$	(1.18)	$	(0.97)	$	0.33	$	1.53
Diluted	$	(1.18)	$	(0.97)	$	0.33	$	1.53

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1.Includes loss (gain) on derivative contracts of $18.3 million, $30.1 million, $11.3 million and $(42.6) million for the first, second, third and fourth quarters, respectively.

2.Includes employee termination benefits of $31.6 million for the first quarter, accelerated vesting of employment compensation of $6.5 million for the second quarter, and proxy contest costs of $7.2 million for the second quarter.


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2017
Total revenues	$	98,350	$	84,851	$	80,892	$	93,206
Income (loss) from operations(1)(2)	$	50,780	$	23,348	$	(16,267)	$	(18,230)
Net income (loss)(1)(2)	$	50,808	$	23,499	$	(8,485)	$	(18,760)

Income available (loss applicable) per share to SandRidge Energy, Inc. common stockholders
Basic	$	1.90	$	0.69	$	(0.25)	$	(0.54)
Diluted	$	1.90	$	0.69	$	(0.25)	$	(0.54)

____________________

1.Includes (gain) loss on derivative contracts of $(34.2) million, $(23.5) million, $11.7 million and $21.9 million for the first, second, third and fourth quarters, respectively.

2.Includes employee termination benefits of $4.4 million for the second quarter and terminated merger costs of $8.2 million for the fourth quarter.