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Callon Petroleum Company (NYSE: CPE) has announced a conference call to discuss its first quarter 2023 financial and operating results. The call is scheduled for May 4, 2023, at 8:00 a.m. Central Time. Interested parties can access the live webcast on the company's website under the 'News/Events' section.
The first quarter results will be released after market close on May 3, 2023. Callon Petroleum is focused on the acquisition and development of high-quality oil and natural gas assets, primarily in South and West Texas.
Callon Petroleum Company (NYSE: CPE) announced its 2023 Outlook and strong financial results for 2022. The company plans a capital expenditure of
Callon Petroleum Company (NYSE: CPE) reported record financial performance for FY22, achieving $1.5 billion in net cash from operating activities and a net income of $19.54 per diluted share. The full-year operating margin improved by 38% to $58.04 per barrel of oil equivalent (Boe), with production growing nearly 10% to 104.3 MBoe/d. For Q4 2022, net income reached $272.5 million ($4.41 per diluted share) and cash flow was $372.6 million. The company reduced its debt by $461.9 million and increased proved developed reserves by 7%. Callon continues to focus on a sustainable business model, emphasizing disciplined reinvestment and debt reduction.
Callon Petroleum Company (NYSE: CPE) announced that L. Richard Flury will retire from the Board of Directors after the 2023 Annual Meeting. Flury has served for 19 years and has been Chair since 2017. Under his leadership, Callon has expanded its asset base to over 200,000 gross acres in prime oil regions, enabling profitable production growth. The Board has named Matthew R. Bob as Chair-elect, who has been an independent director since 2014. Additionally, James M. Trimble will retire following the meeting, reflecting Callon's ongoing commitment to Board refreshment and good governance.
