Investor Presentaiton
Adjusted EBITDA and Free Cash Flow
Reconciliation of Net Income to Adjusted EBITDA
Net income
Adjusted for
Income tax (benefit) (25)
Interest expense
Depreciation and amortization - other
Depreciation and depletion - oil and natural gas
EBITDA
Stock-based compensation
Gain on derivative contracts
Net cash received upon settlement of derivative contracts
Restructuring expenses
Interest income
Other
Adjusted EBITDA
Reconciliation of Free Cash Flow
18
Year Ended
December 31, 2023
(In thousands)
$60,857
13,960
104
6,518
15,657
97,096
1,945
(1,447)
5,876
406
(10,656)
19
$93,239
Net cash provided by operating activities
Net cash used in investing activities
Acquisition of assets
Proceeds from sale of assets
Free cash flow
Year Ended
December 31, 2023
(In thousands)
$115,578
(36,164)
11,232
(1,472)
$89,174
SandRidge Energy, Inc. NYSE: SDView entire presentation