CDEV News and Press, Centennial Resource Development Inc. From 02/24/22

Centennial Resource Development, Inc. (CDEV) Q4 2021 Earnings Conference Call February 24, 2022 10:00 am ET Company Participants Hays Mabry - Senior Director, IR Sean Smith - CEO George Glyphis - EVP & CFO Matt Garrison - EVP & COO Conference Call Participants Scott Hanold - RBC Capit...

The following slide deck was published by Centennial Resource Development, Inc. in conjunction with their 2021 Q4 earnings call. For further details see: Centennial Resource Development, Inc. 2021 Q4 - Results - Earnings Call Presentation

Centennial Resource Development (NASDAQ:CDEV) has announced a $350M stock repurchase program for two years. The program represents ~15% of the company's current market capitalization. Upon achieving a net debt-to-LTM EBITDAX2 ratio of approximately 1.0x or lower, the Company plans to begin re...

Centennial Resource press release (NASDAQ:CDEV): Q4 GAAP EPS of $0.51 beats by $0.23. Revenue of $316.42M (+113.7% Y/Y) beats by $30.94M. Shares +3.17%. 2022 Financial and Operational Plan: Expect to generate over $400 million in free cash flow assuming current strip pricing Plan to main...

DENVER, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced the establishment of a share repurchase program, its 2021 financial and operational results, and 2022 operational plans....

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Centennial Resource (NASDAQ:CDEV) is scheduled to announce Q4 earnings results on Tuesday, February 22nd, before market open. The consensus EPS Estimate is $0.31 (vs.-$0.32 Y/Y) and the consensus Revenue Estimate is $285.48M (+92.8% Y/Y). Over the last 1 year, CDEV has beaten EPS estimates 25...

DENVER, Feb. 14, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) announced today that it will report fourth quarter and full year 2021 financial and operating results after the market closes for tradin...

Things are looking ugly for tech stocks on Tuesday, with the tech-heavy Nasdaq down 1.7% as of 2:35 p.m. ET. Energy stocks, on the other hand, are coming up roses, as the "OPEC+" cartel of oil-producing nations ( plus Russia ) delivers some good news for oil prices. Result: ...

Centennial is projected to generate $317 million in positive cash flow in 2022 at $65 WTI oil. This would help reduce its leverage below 1.0x by the end of 2022. Big Chief and Colgate Energy transactions point to a value of near $7,000 per net acre for land once production value i...