CDEV News and Press, Centennial Resource Development Inc. From 05/19/22

Centennial Resources (CDEV) and Colgate Energy Partners announced they have entered into an agreement to merge Thursday, ahead of the market open. The transaction values the combined company at $7.0b, with $3.9b in consideration for privately-owned Colgate through cash, stock, and the assumpt...

DENVER and MIDLAND, Texas, May 19, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) and Colgate Energy Partners III, LLC (“Colgate”) today announced they have entered into an agreement to ...

The following slide deck was published by Centennial Resource Development, Inc. in conjunction with their 2022 Q1 earnings call. For further details see: Centennial Resource Development, Inc. 2022 Q1 - Results - Earnings Call Presentation

Centennial is projected to generate $635 million in positive cash flow in 2022 at $100 WTI oil. It may be able to generate a similar amount of positive cash flow in 2023 at current strip. Centennial is also growing oil production by 10% to 15%. It should be able to eliminate i...

Shares of Centennial Resource Development (NASDAQ: CDEV) were down more than 5% by 3 p.m. ET on Thursday. Weighing on the oil stock was its first-quarter results. Centennial Resource Development reported $15.8 million, or $0.05 per share, of net income ...

Centennial Resource Development, Inc. (CDEV) Q1 2022 Earnings Conference Call May 5, 2022, 10:00 AM ET Company Participants Sean R. Smith – Chief Executive Officer Matthew R. Garrison – Executive Vice President & Chief Operating Officer George S. Glyphis – Executive V...

Centennial Resource press release (NASDAQ:CDEV): Q1 GAAP EPS of $0.05. Revenue of $347.2M (+80.5% Y/Y) beats by $26.38M. Shares -5.4%. For further details see: Centennial Resource GAAP EPS of $0.05, revenue of $347.2M beats by $26.38M

DENVER, May 04, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced first quarter 2022 financial and operational results. First Quarter Financial and Operational Highlights ...

DENVER, April 29, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) announced today that it will report first quarter 2022 financial and operating results after the market closes for trading on May 4, 20...

Piper Sandler out with an exceedingly bullish oil note Thursday, upping the bank's oil price forecast to $100+ through 2025. Though several banks have called for $100+ oil in 2022, consensus overwhelmingly expects prices to fall back to double digits in coming years. Oil prices hitting record...