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home / news releases / CPE - Callon Petroleum May Be Able To Generate $2 Billion In Positive Cash Flow By The End Of 2023

CPE - Callon Petroleum May Be Able To Generate $2 Billion In Positive Cash Flow By The End Of 2023

Callon Petroleum Company
  • Callon Petroleum is projected to generate around $2 billion in positive cash flow in 2022 and 2023 combined at current strip.
  • This would allow it to pay off its credit facility debt, redeem its 2024 to 2026 note maturities and have $500 million in cash at the end of 2023.
  • Thus, return of capital to shareholders in 2023 is feasible.
  • This scenario would also have Callon's leverage being reduced to 0.4x by the end of 2023.

For further details see:

Callon Petroleum May Be Able To Generate $2 Billion In Positive Cash Flow By The End Of 2023
Stock Information
Company Name: Callon Petroleum Company
Stock Symbol: CPE
Market: NYSE
Website: callon.com
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