Sandridge releases income figures

Sandridge Energy, an Oklahoma-based oil and natural gas company, has announced that, for the quarter ended 31 March 2010, net income available to common stockholders was $18.6m (£12.5m), or $0.09 per share fully diluted, compared with a net loss of $1.2bn, or $7.07 per share fully diluted, in first-quarter 2009.

Adjusted EBITDA of $141.2m for first-quarter 2010 compared with $158.8m in first-quarter 2009.

Operating cash flow of $86.4m for first-quarter 2010 compared with $121.2m in first-quarter 2009.

Adjusted net income available to common stockholders of $2.8m, or $0.01 per share, in first-quarter 2010 compared with $40.5m, or $0.25 per share, in first-quarter 2009.