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Callon Petroleum Co. - CPE STOCK NEWS

Welcome to our dedicated news page for Callon Petroleum Co. (Ticker: CPE), a resource for investors and traders seeking the latest updates and insights on Callon Petroleum Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Callon Petroleum Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Callon Petroleum Co.'s position in the market.

Rhea-AI Summary
Callon Petroleum Company (CPE) announced the expiration and final tender results of its cash tender offers for its 8.000% Senior Notes due 2028 and 7.500% Senior Notes due 2030. The Offers are contingent upon the closing of a merger with APA Holders of validly tendered Notes will receive Total Consideration per $1,000 principal amount, including a Consent Fee.
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Rhea-AI Summary
Callon Petroleum Company (CPE) announces pricing terms for cash tender offers for its 8.000% Senior Notes due 2028 and 7.500% Senior Notes due 2030. The Offers are contingent upon the closing of a merger with APA Holders can receive the Total Consideration per $1,000 principal amount of Notes tendered, including a Consent Fee.
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-0.89%
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Rhea-AI Summary
Callon Petroleum Company (CPE) announces successful early tender results of cash tender offers for its Senior Notes due 2028 and 2030. Approximately 98.6% of 2028 Notes and 97.4% of 2030 Notes were tendered. The Offers are contingent upon the closing of a merger and include consent solicitations for proposed amendments to eliminate restrictive covenants. Holders can expect to receive Total Consideration per $1,000 principal amount of Notes tendered.
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-0.89%
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Rhea-AI Summary
Callon Petroleum Company (CPE) initiates cash tender offers for its Senior Notes due 2028 and 2030, contingent on a merger with APA Corporation, offering Total Consideration inclusive of Consent Fee. The Offers expire on March 28, 2024, with details on pricing terms and conditions.
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2.25%
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Callon Petroleum Company (CPE) reports strong fourth quarter and full-year 2023 results, exceeding expectations. The company generated $298.3 million in net cash from operating activities in Q4, with adjusted free cash flow of $120.2 million. Total production averaged 103.4 MBoe/d, with oil production at 58.7 MBbls/d. Callon reduced long-term debt to $1.9 billion and repurchased $40.5 million in common stock. The company completed transformative transactions focusing on the Permian Basin, reducing leverage, and launching a $300 million share buyback program. Callon's operational initiatives led to significant improvements in well performance and capital efficiency, setting a positive trajectory for future growth.
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2.37%
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Callon Petroleum Company (NYSE: CPE) reported third quarter 2023 financial and operating results. Net cash provided by operating activities was $266.8 million. Adjusted free cash flow was $48.3 million. Total production averaged 101.7 MBoe/d (79% liquids). Capital expenditures were $251 million. The company reduced long-term debt to $1.9 billion. Efficiency gains are expected to reduce 2024 drilling, completion, and facilities costs by over 15% per well.
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Callon Petroleum Company to host conference call to discuss third quarter 2023 financial and operating results
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1.62%
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Callon Petroleum Company publishes 2022 Sustainability Report
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Callon Petroleum Company reports 7% sequential production growth in Q2 2023, with capital expenditures at the low end of guidance. The company also announced a share buyback program. Net loss of $107.9 million, adjusted EBITDAX of $332.3 million, and adjusted income of $123.1 million. Operational capital expenditures for the quarter were $285.1 million. Third quarter production estimated to be 100 - 103 MBoe/d, with fourth quarter estimated to be 104 - 108 MBoe/d.
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Callon Petroleum Co.

NYSE:CPE

CPE Rankings

CPE Stock Data

2.38B
53.90M
10.02%
93.2%
12.59%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Houston

About CPE

founded in 1950, callon petroleum company is an independent oil and natural gas company focused on growing production and reserves from our oil-weighted, multi-play, multi-pay assets in the permian basin.