WASHINGTON (dpa-AFX) - SandRidge Energy Inc. (SD), Thursday reported second-quarter net income available to common stockholders of $196.1 million or $0.42 per share, compared to $44.9 million or $0.21 per share in second quarter last year.
Adjusted net loss for the quarter was $2.0 million or breakeven per share, compared to adjusted net loss of $1.9 million or $0.01 per share in second quarter last year.
Including realized gains on out-of-period derivative contract settlements, adjusted net income for the quarter was $23.9 million or $0.05 per share, compared to $60.4 million or $0.23 per share last year.
On average, 25 analysts polled by Thomson Reuters expected earnings of $0.03 per share for the quarter. Analysts' estimates typically exclude one-time items.
Total revenues for the quarter grew to $364.8 million from $182.4 million last year. Analysts estimated revenues of $344.05 million for the quarter.
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