CPG - Dividend announcements

CALGARY, AB, May 10, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point") (TSX:CPG) and (NYSE:CPG) announces its Board of Directors has approved and declared a quarterly cash base dividend of $0.115 per share. The base dividend is payable on July 2, 2024 to shareholders of record on June 15, 2024. These dividends are designated as "eligible dividends" for Canadian income tax purposes. For U.S. income tax purposes, Crescent Point's dividends are considered "qualified dividends." FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE CONTACT: Sarfraz Somani, Manager, Investor Relations Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020  Fax: (403) 693-0070 Address:

CALGARY, AB, May 6, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce that it has entered into an agreement (the "Agreement") with Saturn Oil & Gas Inc. ("Saturn") to sell certain non-core assets in Saskatchewan (the "Assets") for $600 million in cash (the "Transaction"). "We have strategically re-built our asset portfolio over the last few years to enhance our long-term sustainability," said Craig Bryksa, President and CEO of Crescent Point. "This transaction allows us to realize value for these non-core assets which had limited impact in the Company's future plans while continuing to focus on our priorities of o

CALGARY, AB, Feb. 29, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) and (NYSE:CPG) announces its Board of Directors has approved and declared a quarterly cash base dividend of $0.115 per share, an increase of 15 percent from the prior level as previously announced. The base dividend is payable on April 1, 2024 to shareholders of record on March 15, 2024. Crescent Point's quarterly dividend is part of its overall return of capital framework that targets the return of 60 percent of excess cash flow to shareholders on an annual basis. These dividends are designated as "eligible dividends" for Canadian income tax purposes. For U.S. income tax purp

CALGARY, AB, Dec. 21, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce that it has successfully completed its previously announced strategic acquisition of Hammerhead Energy Inc. ("Hammerhead"), an oil and liquids-rich Alberta Montney producer (the "Transaction"). The Company is also pleased to provide its formal 2024 guidance and five-year plan, which are significantly enhanced as a result of the Transaction. "Our recent Alberta Montney consolidation marks the completion of our portfolio transformation," said Craig Bryksa, President and CEO of Crescent Point. "Through this strategic transaction, we have enhanced

CALGARY, AB, Sept. 11, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to provide its preliminary 2024 budget and an updated five-year outlook. KEY HIGHLIGHTS  Annual production of 145,000 to 151,000 boe/d in 2024 based on development capital expenditures of $1.05 to $1.15 billion.Generating significant excess cash flow of over $1.0 billion in 2024 at US$80/bbl WTI.Increasing proportion of capital allocated to Kaybob Duvernay and Alberta Montney, which represent 70 percent of 2024 budget.Enhancing balance sheet strength with expected net debt of $1.7 billion, or 0.7 times funds flow, at year-end 2024.Disciplined growth of f

CALGARY, AB, Aug. 24, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce that it has entered into an agreement (the "Agreement") with a private operator to sell its North Dakota assets (the "Assets") for US$500 million (approximately $675 million) in cash (the "Transaction"). "Over the last few years, we have taken several strategic steps to optimize our portfolio," said Craig Bryksa, President and CEO of Crescent Point. "This transaction allows us to realize future value for an area with limited scalability while immediately enhancing our financial position and increasing our focus on our core operating areas." NOR

CALGARY, AB, July 26, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) announces its Board of Directors has declared a special cash dividend and a quarterly cash base dividend in alignment with the Company's return of capital framework. The special cash dividend of CDN $0.035 per share is based on Crescent Point's second quarter 2023 financial results and will be paid on August 15, 2023 for shareholders of record on August 8, 2023. The quarterly cash base dividend of CDN $0.10 per share will be paid on October 2, 2023 for shareholders of record on September 15, 2023. These dividends are designated as "eligible dividends" for Canadian in

CALGARY, AB, May 12, 2023  /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point") (TSX:CPG) (NYSE:CPG) announces its Board of Directors has declared a quarterly cash dividend of CDN $0.10 per share to be paid on July 4, 2023 for shareholders of record on June 15, 2023. These dividends are designated as "eligible dividends" for Canadian income tax purposes. For U.S. income tax purposes, Crescent Point's dividends are considered "qualified dividends." FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE CONTACT: Shant Madian, Vice President, Capital Markets, or Sarfraz S

CALGARY, AB, May 10, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce that it has successfully closed its previously announced strategic and accretive acquisition of oil and liquids-rich Montney assets in Alberta for $1.7 billion in cash (the "Transaction" or "Acquisition"). This Acquisition aligns with Crescent Point's long-term strategy and enhances the Company's portfolio by adding 600 high-return Montney locations, further extending its premium drilling inventory to 15 years. This Transaction wa

CALGARY, AB, March 7, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce the Toronto Stock Exchange ("TSX") has accepted its notice to implement a normal course issuer bid ("NCIB") to purchase, for cancellation, up to 54,605,659 common shares, or 10 percent of the Company's public float, as at February 23, 2023. The NCIB is scheduled to commence on March 9, 2023 and is due to expire on March 8, 2024. Purchases of Crescent Point's common shares under the NCIB may be made through the facilities of the TSX, the New York Stock Exchange ("NYSE") and alternative trading systems by means of open market transactions or by s

CALGARY, AB, March 2, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) announces its Board of Directors has declared a special dividend and confirms the previously announced quarterly base dividend in alignment with the Company's return of capital framework. A special cash dividend of $0.032 per share based on Crescent Point's fourth quarter 2022 financial results will be paid on March 17, 2023 to shareholders of record on March 10, 2023. As previously announced, the company's quarterly base dividend of $0.10 per share will be paid on April 3, 2023 to shareholders of record on March 15, 2023. Crescent Point's total return of capital off

CALGARY, AB, Oct. 26, 2022 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) announces its Board of Directors has declared both a special dividend in alignment with the Company's return of capital framework and a quarterly base dividend. A special cash dividend of CDN $0.035 per share based on Crescent Point's third quarter 2022 financial results will be paid on November 14, 2022 to shareholders of record on November 4, 2022. The base dividend amount of CDN $0.08 per share will be paid on January 3, 2023 to shareholders of record on December 15, 2022. Crescent Point's total return of capital offering for shareholders includes a combination of

CALGARY, AB, July 6, 2022 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) and (NYSE:CPG) is pleased to announce an increase to its quarterly dividend, an updated return of capital framework, the disposition of non-core assets, updated 2022 guidance and the release of its annual Sustainability Report. KEY HIGHLIGHTS  Achieved near-term net debt target earlier than anticipated, benefitting from proceeds of $300 million from asset dispositions.Increasing quarterly base dividend over 20 percent to $0.08 per share, representing an annualized dividend of $0.32 per share.Executed $150 million of planned share repurchases, representing 17.5 million shares, si

CALGARY, AB, Dec. 6, 2021 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) and (NYSE:CPG) is pleased to announce its formal 2022 capital expenditures budget and production guidance, another quarterly dividend increase beginning first quarter 2022, planned share repurchases and the renewal of its credit facilities. KEY HIGHLIGHTS  Increased 2022 production guidance to 133,000 to 137,000 boe/d from the preliminary range of 131,000 to 135,000 boe/d. Disciplined capital expenditures budget of $825 to $900 million, which remains unchanged from the preliminary 2022 guidance. Strong execution in the Kaybob Duvernay resulting in additional well cost reduction

CALGARY, AB, Sept. 13, 2021 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) and (NYSE:CPG) has approved an increase to the Company's quarterly dividend as a result of significant progress made on improving its balance sheet strength and sustainability. Crescent Point is also pleased to announce its preliminary 2022 budget, which is expected to generate significant excess cash flow that leads to additional balance sheet strength and the opportunity to create further shareholder value. KEY HIGHLIGHTS  Accelerating shareholder returns by increasing quarterly dividend to $0.03 per share alongside continued net debt reduction. Preliminary 2022 outlook for

CALGARY, AB, July 28, 2021 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point") (TSX:CPG) (NYSE:CPG) announces its Board of Directors has declared a quarterly cash dividend of CDN $0.0025 per share to be paid on October 1, 2021 for shareholders of record on September 15, 2021. These dividends are designated as "eligible dividends" for Canadian income tax purposes. For U.S. income tax purposes, Crescent Point's dividends are considered "qualified dividends." FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE CONTACT: Brad Borggard, Senior Vice President, Corporate Planning and Capital Markets, or Shant Madian, Vice President, Investor Relations and Corporate Communications Teleph

CALGARY, AB, June 7, 2021 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) and (NYSE: CPG) has completed the disposition of its remaining non-core southeast Saskatchewan conventional assets ("Assets"), which were previously identified as disposition candidates, for cash proceeds of $93 million ("Transaction"). As a result of the Transaction, Crescent Point also reduced asset retirement obligations ("ARO") by approximately $220 million, or nearly 25 percent of its ARO balance as at March 31, 2021. Proceeds from the disposition have been directed to the Company's balance sheet. Crescent Point considered the Assets to be non-core due to the significant

CALGARY, AB, May 12, 2021 /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 quarter ended March 31, 2021. KEY HIGHLIGHTS  Reduced net debt by over $135 million in first quarter, driven by continued excess cash flow generation. Successfully closed accretive acquisition of Kaybob Duvernay assets, further enhancing free cash flow profile. Expect to generate significant excess cash flow of approximately $525 to $650 million in 2021 at US$55/bbl to US$65/bbl WTI. Increased target for emissions intensity reduction to 50 percent by 2025, demonstrating strong environmental stewardsh

CALGARY, AB, May 12, 2021 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point") (TSX:CPG) (NYSE:CPG) announces its Board of Directors has declared a quarterly cash dividend of CDN $0.0025 per share to be paid on July 2, 2021 for shareholders of record on June 15, 2021. These dividends are designated as "eligible dividends" for Canadian income tax purposes. For U.S. income tax purposes, Crescent Point's dividends are considered "qualified dividends." FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE CONTACT: Brad Borggard, Senior Vice President, Corporate Planning and Capital Markets, orShant Madian, Vice President, Investor Relations and Corporate CommunicationsTelephone: (403)

CALGARY, AB, April 1, 2021 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce that it has successfully closed its accretive transaction previously announced on February 17, 2021. The Company has acquired Shell Canada Energy's Kaybob Duvernay assets in Alberta (the "Assets") for $900 million (the "Acquisition"). This strategic Acquisition enhances Crescent Point's core principles of balance sheet strength and sustainability. In particular, these Assets, which are situated in the heart of the condensate rich fairway, are expected to enhance the Company's free cash flow profile, inventory depth and include key infrastruc

CALGARY, AB, Feb. 17, 2021 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce that it has entered into an agreement (the "Agreement") with Shell Canada Energy ("Shell"), an affiliate of Royal Dutch Shell plc, to acquire Shell's Kaybob Duvernay assets in Alberta (the "Assets") for $900 million (the "Acquisition"). The total consideration consists of $700 million in cash and 50 million common shares of Crescent Point.   KEY HIGHLIGHTS  Strategic entry into a premier and established liquids rich play with greater than 10 years of high-return, low risk drilling inventory. Strengthens expected 2021 excess cash flow genera

CALGARY, AB, Feb. 24, 2021 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point") (TSX: CPG) (NYSE: CPG) announces its Board of Directors has declared a quarterly cash dividend of CDN $0.0025 per share to be paid on April 1, 2021 for shareholders of record on March 15, 2021. These dividends are designated as "eligible dividends" for Canadian income tax purposes. For U.S. income tax purposes, Crescent Point's dividends are considered "qualified dividends." FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE CONTACT: Brad Borggard, Senior Vice President, Corporate Planning and Capital Markets, orShant Madian, Vice President, Investor Relations and Corporate CommunicationsTelephone: (4

CALGARY, AB, Feb. 24, 2021 /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, 2020. Crescent Point recently announced an accretive acquisition of Kaybob Duvernay assets for $900 million (the "Acquisition") that further enhances the Company's balance sheet strength and sustainability, including its expected free cash flow generation. For more information on the Acquisition, which is expected to close in April 2021, please refer to the news release dated February 17, 2021. KEY HIGHLIGHTS  Achieved annual average production ahead of 2020 guidance with ca