Quarterly Financial Results (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

The Company’s operating results for each quarter of 2019 and 2018 are summarized below (in thousands, except per share data).


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2019
Total revenues	$	73,236	$	75,388	$	58,369	$	59,852
Loss from operations(1)(2)(3)	$	(4,261)	$	(12,556)	$	(181,707)	$	(248,243)
Net loss(1)(2)(3)	$	(5,277)	$	(13,284)	$	(181,602)	$	(249,142)

Loss applicable per share to SandRidge Energy, Inc. common stockholders
Basic	$	(0.15)	$	(0.38)	$	(5.12)	$	(7.01)
Diluted	$	(0.15)	$	(0.38)	$	(5.12)	$	(7.01)

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(1) Includes loss (gain) on derivative contracts of $0.2 million, $(1.8) million and $0.5 million for the first, third, and fourth quarters, respectively.

(2) Includes employee termination benefits of $4.5 million and $0.3 million for the second quarter and fourth quarters, respectively.

(3) Includes full cost ceiling limitation impairments of $165.5 million and $244.1 million for the third and fourth quarters, respectively.


	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.