Crescent Point Announces 2023 Results & Reserves
Crescent Point Energy Corporation Ordinary Shares (Canada) (CPG)
Last crescent point energy corporation ordinary shares (canada) earnings: 3/5 06:30 am
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US:NYSE Investor Relations:
crescentpointenergy.com/invest
Company Research
Source: PR Newswire
CALGARY, AB, Feb. 29, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce its operating and financial results for the year ended December 31, 2023.KEY HIGHLIGHTS Transformed portfolio, increasing premium inventory to over 20 years and enhancing excess cash flow profile.Replaced over 900 percent of 2023 production on a 2P reserves basis including strategic A&D, or 150 percent organically.Generated $980 million of excess cash flow in 2023, with capital expenditures and production in-line with guidance.Returned approximately $600 million, or 60 percent of excess cash flow, to shareholders in 2023.Increasing quarterly base dividend by 15 percent to $0.115 per share, or $0.46 per share annually.Generated a strong FD&A recycle ratio of 2.5 times in 2023, including change in FDC, based on 2P reserves.Excess cash flow of $830 million expected in 2024 at US$75 WTI, with 60 percent returned to shareholders.Five-year p
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CPG
Earnings
- 2/29/24 - Miss
CPG
Sec Filings
- 4/3/24 - Form 6-K
- 3/20/24 - Form 6-K
- 3/7/24 - Form 6-K
- CPG's page on the SEC website