CDEV - Earnings announcements

DENVER, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) today announced second quarter 2022 financial and operational results. Second Quarter Financial and Operational Highlights Reported strong net cash flow from operationsGenerated record free cash flow1Ended the quarter with approximately $200 million of cashIncreased daily crude oil production 12% compared to the prior quarterDelivered four out of the top ten wells in Company historyReduced LOE per unit costs by 13% compared to the prior quarterSignificantly reduced leverage1 quarter-over-quarterAnnounced transformational merger of equals with Colgate Energy Finan

DENVER, July 26, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) announced today that it will report second quarter 2022 financial and operating results after the market closes for trading on August 3, 2022. Management will host an earnings conference call on August 4, 2022 at 8:00 a.m. Mountain (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (833) 634-2524, or (412) 902-4178 for international calls, and referencing "Centennial Resource Development, Inc." at least 15 minutes prior to the start of the call or via the internet at www.cdevinc.com. A replay of the call will be available on C

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 combine in a merger of equals transaction. The combined company will be the largest pure-play E&P company in the Delaware Basin with approximately 180,000 net leasehold acres, 40,000 net royalty acres and total current production of approximately 135,000 Boe/d. The combined company plans to leverage its high-quality, scaled asset base to drive leading shareholder returns. Key Highlights High-quality, complementary asset base with differenti

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 Generated record free cash flow1 of $89 millionFully repaid all borrowings under the credit facilityDelivered strong well resultsReduced leverage1 for the fourth consecutive quarterContinued to drive operational efficiencies Financial Results For the first quarter, Centennial generated net cash from operating activities of $160.1 million and free cash flow of $88.8 million. The Company reported net income during the quarter of $15.8 million, or

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, 2022. Management will host an earnings conference call on May 5, 2022 at 8:00 a.m. Mountain (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (844) 348-0017, or (213) 358-0877 for international calls, (Conference ID: 3033538) at least 15 minutes prior to the start of the call or via the internet at www.cdevinc.com. A replay of the call will be available on Centennial's website or by phone at (8

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. Shareholder Return Program Announced $350 million stock repurchase programSupported by robust two-year outlook and resilient through commodity price cycles Recent Financial and Operational Highlights Generated record free cash flow1 of $85 million in the fourth quarter, and over $200 million for the full yearClosed the previously announced non-core asset divestiture in Reeves County for $101 millionRepaid $180 million in borrow

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 trading on February 23, 2022. Management will host an earnings conference call on February 24, 2022 at 8:00 a.m. Mountain (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (844) 348-0017, or (213) 358-0877 for international calls, (Conference ID: 2597505) at least 15 minutes prior to the start of the call or via the internet at www.cdevinc.com. A replay of the call will be available on Centennial's

DENVER, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) today announced third quarter 2021 financial and operational results. Recent Financial and Operational Highlights Generated record free cash flow, a 126% increase compared to the prior quarterRepaid $50 million in borrowings under the Company's credit facility during the quarterImproved leverage metrics significantly quarter-over-quarterAnnounced pending sale of non-core asset in southern Reeves County, TexasIncreased daily crude oil production 5% compared to the prior quarterIncreased full-year oil and total company production guidance Financial Resu

DENVER, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) announced today that it will report third quarter 2021 financial and operating results after the market closes for trading on November 3, 2021. Management will host an earnings conference call on November 4, 2021 at 8:00 a.m. Mountain (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (844) 348-0017, or (213) 358-0877 for international calls, (Conference ID: 6880769) at least 15 minutes prior to the start of the call or via the internet at www.cdevinc.com. A replay of the call will be available on Centennial's website or by ph

DENVER, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) today announced second quarter 2021 financial and operational results. Recent Financial and Operational Highlights Generated Company record free cash flow and reduced total debt outstandingImproved leverage metrics significantly quarter-over-quarterIncreased daily crude oil production 13% compared to the prior quarterDelivered solid well results from the Northern and Southern Delaware BasinsContinued to drive strong operational efficienciesAdded 2022 oil hedges at attractive prices Financial Results For the second quarter, Centennial generated net cash from oper

DENVER, July 28, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) announced today that it will report second quarter 2021 financial and operating results after the market closes for trading on August 3, 2021. Management will host an earnings conference call on August 4, 2021 at 8:00 a.m. Mountain (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (844) 348-0017, or (213) 358-0877 for international calls, (Conference ID: 5061685) at least 15 minutes prior to the start of the call or via the internet at www.cdevinc.com. A replay of the call will be available on Centennial's website or by phone