SandRidge Energy, Inc. reported unaudited consolidated earnings results and operational results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $394,107,000 compared with $493,603,000 for the same period last year. Income from operations was $256,491,000 compared with loss from operations of $2,166,000 for the same period last year. Income before income taxes was $196,435,000 compared with loss before income taxes of $62,893,000 for the same period last year. Net income attributable to the company was $157,338,000 or $0.27 per diluted share compared with net loss attributable to the company of $81,447,000 or $0.20 per basic and diluted share for the same period last year. Adjusted EBITDA of $224,966,000 compared to $159,789,000 for the same period a year ago. Adjusted operating cash flow of $202,773,000 compared to $227,178,000 for the same period a year ago. Adjusted net income available to common stock holders was $31,581,000, or $0.07 per diluted share compared to adjusted net income of $17,787,000 or $0.06 per diluted share, for the same period a year ago. Total capital expenditures were $468,196,000 compared with $329,507,000 for the same period last year. Net cash provided by operating activities was $164,892,000 compared to $210,324,000 a year ago. Adjusted operating cash flow was $202,773,000 compared with $227,178,000 for the same period last year. EBITDA was $344,269,000 compared to $144,090,000 for the same period last year. Pro forma adjusted EBITDA was $224,966,000 compared to $159,789,000 for the same period last year.

For the nine months, the company reported total revenues of $1,211,877,000 compared with $1,518,280,000 for the same period last year. Income from operations was $216,240,000 compared with loss from operations of $291,262,000 for the same period last year. Profit before income taxes was $35,710,000 compared with loss before income taxes of $580,558,000 for the same period last year. Net loss attributable to the company was $11,892,000 or $0.11 per diluted share compared with net loss attributable to the company of $597,251,000 or $1.33 per diluted share for the same period last year. Net cash provided by operating activities was $395,684,000 compared with $595,007,000 for the same period last year. Capital expenditures for property, plant and equipment was $1,071,465,000 compared with $1,163,539,000 for the same period last year. Acquisitions of assets were $16,920,000 compared with $15,527,000 for the same period last year. Adjusted EBITDA of $648,898,000 compared to $765,933,000 for the same period a year ago. Adjusted operating cash flow of $509,171,000 compared to $568,956,000 for the same period a year ago. Adjusted net income available to common stock holders was $70,027,000, or $0.19 per diluted share compared to adjusted net income of $23,232,000 or $0.11 per diluted share, for the same period a year ago. EBITDA was $548,509,000 compared to $131,232,000 for the same period last year. Pro forma adjusted EBITDA was $595,522,000 compared to $418,413,000 for the same period last year.

For the quarter, oil production was 2,644 MBbl against 3,372 MBbl a year ago. NGL production was 1,109 MBbl against 577 MBbl a year ago. Natural gas production was 21,501 MMcf against 25,788 MMcf a year ago. Oil equivalent production was 7,337 MBoe against 8,247 MBoe a year ago. Daily production was 79.7 MBoed against 89.6 MBoed a year ago. Pro forma oil production was 2,644 MBbl against 2,278 MBbl a year ago. Pro forma NGL production was 1,109 MBbl against 453 MBbl a year ago. Pro forma natural gas production was 21,501 MMcf against 18,525 MMcf a year ago. Pro forma oil equivalent production was 7,337 MBoe against 5,819 MBoe a year ago. Pro forma daily production was 79.7 MBoed against 63.3 MBoed a year ago.

For the nine months, oil production was 7,927 MBbl 10,902 MBbl a year ago. NGL production was 2,500 MBbl against 1,608 MBbl a year ago. Natural gas production was 62,335 MMcf against 78,342 MMcf a year ago. Oil equivalent production was 20,816 MBoe against 25,567 MBoe a year ago. Daily production was 76.2 MBoed against 93.7 MBoed a year ago. Pro forma oil production was 7,254 MBbl against 6,629 MBbl a year ago. Pro forma NGL production was 2,447 MBbl against 1,009 MBbl a year ago. Pro forma natural gas production was 58,760 MMcf against 52,921 MMcf a year ago. Pro forma oil equivalent production was 19,495 MBoe against 16,458 MBoe a year ago. Pro forma daily production was 71.4 MBoed against 60.3 MBoed a year ago.

The company recorded asset impairment of $54,000 for the quarter ended September 30, 2014 compared to $687,000 for the same period a year ago.