CDEV - Centennial Resource GAAP EPS of $0.60 beats by $0.17 revenue of $472.65M beats by $63.38M

• Centennial Resource press release ( NASDAQ: CDEV ): Q2 GAAP EPS of $0.60 beats by $0.17 .
• Revenue of $472.65M (+103.2% Y/Y) beats by $63.38M .
• Average daily crude oil production for the second quarter was 36,696 barrels of oil per day (“Bbls/d”) compared to 31,912 Bbls/d in the prior year period.
• Total equivalent production during the quarter averaged 70,240 barrels of oil equivalent per day (“Boe/d”) compared to 61,647 Boe/d in the prior year period. Second quarter average daily crude oil and total equivalent production increased 12% and 14%, respectively, quarter-over-quarter.
• Net debt-to-LTM EBITDAX at June 30, 2022 was 0.7x and represents a significant reduction from 1.1x at March 31, 2022.

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