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Stock impact report

Callon Petroleum Company Reports Fourth Quarter and Full Year 2023 Results

Callon Petroleum Company (CPE) 
Last callon petroleum company earnings: 2/26 05:35 pm Check Earnings Report
US:NYSE Investor Relations: ir.callon.com
Company Research Source: PR Newswire
Fourth quarter results top expectations for production Long-term debt further reduced to $1.9 billionRealized reductions in well costs and gains in well productivity to drive 2024 capital efficiencyHOUSTON, Feb. 26, 2024 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today reported fourth quarter and full year 2023 financial and operating results. Due to the pending merger (the "Merger") with APA Corporation ("APA"), Callon will not host a conference call or webcast to discuss its fourth quarter and full year 2023 results.Fourth Quarter 2023 HighlightsGenerated $298.3 million of net cash provided by operating activitiesAdjusted free cash flow of $120.2 million marking 15 consecutive quarters of adjusted free cash flow generationTotal production was above the high end of guidance and averaged 103.4 MBoe/d (79% liquids); oil production averaged 58.7 MBbls/dCapital expenditures were in line with guidance at $170.5 millionRepurchased $40.5 million in comm Show less Read more
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