Recap: Centennial Resource Dev Q4 Earnings

February 24, 2021 Stu Turley Earnings, Finance
Centennial Resource Development- Energy News Beat
  • More content below
  • CDEV

    +5.9432%

Benzinga Insights

·1 min read
  • More content below
  • CDEV

    +5.9432%

Shares of Centennial Resource Dev (NASDAQ:CDEV) moved lower in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were down 1166.67% over the past year to ($0.32), which missed the estimate of ($0.06).

Revenue of $148,077,000 declined by 42.25% from the same period last year, which beat the estimate of $142,460,000.

Guidance

Centennial Resource Development Sees FY21 Capex $260M-$310M

Recent Stock Performance

Company’s 52-week high was at $4.10

52-week low: $0.24

Price action over last quarter: Up 475.88%

Company Description

Centennial Resource Development Inc is an independent oil and natural gas company focused on the development and acquisition of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. Its assets are concentrated in the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of contiguous acreage blocks located in West Texas and New Mexico. The firm generates revenue from the sale of oil and natural gas. Geographically, the company operates in the United States of America.

About Stu Turley 3309 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

Related Articles