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Callon Petroleum Stock Price, News & Analysis

CPE NYSE

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

Callon Petroleum Company (NYSE: CPE) provides investors and energy sector stakeholders with timely updates through this centralized news hub. Track official press releases, operational developments, and strategic announcements from this independent oil and gas producer focused on the Permian Basin.

Access comprehensive coverage of earnings reports, asset acquisitions, drilling innovations, and sustainability initiatives. Our curated collection ensures efficient monitoring of CPE's oil-weighted production strategies and financial performance in dynamic energy markets.

Key updates include regulatory filings, partnership announcements, and technological advancements in hydraulic fracturing and horizontal drilling. Bookmark this page for direct access to primary source materials that inform investment research and market analysis.

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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.

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Callon Petroleum Company (NYSE: CPE) announced its 2023 Outlook and strong financial results for 2022. The company plans a capital expenditure of $1 billion, reflecting a 60% reinvestment rate. It aims to average production of 104-107 MBoe/d in 2023 and achieve $2 billion debt reduction in 2H23. With projected adjusted free cash flow of over $2.75 billion from 2023-2027, Callon expects to enhance capital efficiency. The 2023 capital program focuses heavily on the Permian Basin, supporting growth while managing costs.

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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.

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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.

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FAQ

What is the market cap of Callon Petroleum (CPE)?

The market cap of Callon Petroleum (CPE) is approximately 2.4B.
Callon Petroleum

NYSE:CPE

CPE Rankings

CPE Stock Data

2.38B
59.76M
10.02%
93.2%
12.59%
Oil & Gas E&P
Energy
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United States
Houston