CPE - Callon Petroleum Non-GAAP EPS of $3.68 misses by $0.53 revenue of $913.62M beats by $218.93M
- Callon Petroleum press release ( NYSE: CPE ): Q2 Non-GAAP EPS of $3.68 misses by $0.53 .
- Revenue of $913.62M (+107.5% Y/Y) beats by $218.93M .
- For Q3, the company expects to produce between 102 and 105 MBoe/d (63% oil) with between 38 and 42 gross wells (33 and 36 net) placed on production. In addition, Callon projects an operational capital spending level of between $245M and $255M on an accrual basis.
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For FY2022, the company is increasing the bottom end of its production guidance to between 102 and 105 MBoe/d (63% oil) to reflect underlying Permian well performance that is above expectations, and an increase in natural gas and NGL volumes from the Midland Basin gathering contract conversion.
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Callon Petroleum Non-GAAP EPS of $3.68 misses by $0.53, revenue of $913.62M beats by $218.93M