Callon Petroleum

Callon Petroleum Co. engages in the exploration, development, acquisition and production of oil and natural gas properties in the United States. It focuses on unconventional oil and natural gas reserves in the Permian Basin. The company was founded by Sim C. Callon and John S. Callon in 1950 and is headquartered in Houston, TX.

Earnings data Q2 2020

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Callon Petroleum reports robust Q4 results and outlines strategic growth plans

Callon Petroleum's Q4 2022 earnings call highlighted strong performance, strategic focus on financial health, and detailed plans for debt reduction and capital allocation.
While challenges like weather impacts and balancing financial priorities exist, the company's operational resilience and forward-thinking strategies present opportunities for growth and value creation.
Investors can expect continued emphasis on generating free cash flow, reducing debt, and maximizing NPV through high-return projects, signaling a commitment to long-term sustainability and shareholder value.

Callon Petroleum (CPE) excels in Q1, eyes growth opportunities

Callon Petroleum's strategic moves in the Delaware Basin, coupled with debt reduction efforts and a share buyback program, position the company for improved financial performance. While challenges in production growth exist, opportunities for enhanced cash flow and operational efficiency are on the horizon.

Callon Petroleum reports strong Q2 results, focuses on efficiency

Callon Petroleum's Q2 performance reflects operational strength, strategic portfolio optimization, and a focus on enhancing shareholder value.
The company's emphasis on efficiency, innovation, and cost reduction positions it well for future growth and free cash flow generation.
Challenges in managing costs, production guidance, and infrastructure risks underscore the need for proactive risk mitigation and operational agility.

Callon Petroleum reports solid Q3 results, focuses on debt reduction

Callon Petroleum's focus is on maximizing free cash flow, reducing debt, and repurchasing shares while maintaining disciplined capital allocation. The company prioritizes capital efficiency and cash flow over headline production growth, with plans to reinvest back into the asset base. Consolidation in the industry is a key focus, with Callon actively participating in it over time.

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Callon is an independent energy company focused on the acquisition and development of unconventional onshore oil and natural gas reserves.

HOUSTON , Sept. 6, 2022 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) today announced the publication of the Company's 2021 Sustainability Report, titled Shaping Our Future.

Callon Petroleum Company Publishes 2021 Sustainability Report

Callon (CPE) reported earnings 30 days ago. What's next for the stock?

Why Is Callon (CPE) Up 10.1% Since Last Earnings Report?

HOUSTON , Aug. 31, 2022 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced Joe Gatto, President and Chief Executive Officer and Kevin Haggard, SVP and Chief Financial Officer will be meeting with investors at the Barclays CEO Energy-Power Conference on Tuesday, September 6th and Wednesday, September 7th in New York.  An updated corporate presentation will be posted to the Company's website at http://www.callon.com under the "News" section the morning of the conference.

Callon Petroleum to Participate in Barclays CEO Energy-Power Conference

Investors need to pay close attention to Callon Petroleum (CPE) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Callon Petroleum (CPE) Stock?

Higher lease operating expenses hurt Callon's (CPE) earnings in Q2.

Callon (CPE) Stock Dips 7% Since Q2 Earnings Miss Estimates

Callon reduced its free cash flow projections for 2022, largely due to lower commodity prices. Despite this, Callon should still be able to bring down its net debt from its current $2.5 billion to under $1.3 billion by the end of 2023.

Callon Petroleum: Large Amount Of Debt Reduction Still Expected Despite Lower Strip Prices

Callon Petroleum Company (NYSE:CPE ) Q2 2022 Earnings Conference Call August 4, 2022 9:00 AM ET Company Participants Kevin Smith - Director, Investor Relations Joe Gatto - President & Chief Executive Officer Jeff Balmer - Senior Vice President & Chief Operating Officer Kevin Haggard - Senior Vice President & Chief Financial Officer Conference Call Participants Bertrand Donnes - Truist Securities Derrick Whitfield - Stifel Davis Petros - RBC Capital Markets Fernando Zavala - Pickering Partners Operator Ladies and gentlemen, thank you for standing by and welcome to the Callon Petroleum Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Callon Petroleum Company (CPE) CEO Joe Gatto on Q2 2022 Results - Earnings Call Transcript

Callon (CPE) delivered earnings and revenue surprises of -8% and 33.02%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Callon Petroleum (CPE) Q2 Earnings Miss Estimates

HOUSTON , Aug. 3 , 2022 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today reported results of operations for the three and six months ended June 30, 2022. Presentation slides accompanying this earnings release are available on the Company's website at www.callon.com located on the "Presentations" page within the Investors section of the site.

Callon Petroleum Company Announces Second Quarter 2022 Results

USA Compression Partners

AUSTIN, Texas & HOUSTON--(BUSINESS WIRE)--USA Compression Partners, LP (NYSE: USAC) (“USA Compression”) and Callon Petroleum Company (NYSE: CPE) (“Callon”) today announced the start-up of multiple Dual Drive compressors at Callon's locations in the Eagle Ford Shale. The Dual Drive compression service offering, which is currently only offered by USA Compression, offers customers the ability to contract for natural gas compression services powered by either natural gas or electricity, providing o

USA Compression Partners and Callon Petroleum Announce Start-up of Dual Drive Compression in Eagle Ford Shale

Callon (CPE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Callon Petroleum (CPE) Earnings Expected to Grow: Should You Buy?

HOUSTON , July 19, 2022 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") plans to host a conference call to discuss its second quarter 2022 financial and operating results.  Webcast: Date: August 4, 2022 Time: 8:00 a.m.

Callon Petroleum Company Schedules Second Quarter 2022 Conference Call for August 4, 2022

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Callon Petroleum (CPE) Stock?

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Callon Petroleum (CPE) is a Top-Ranked Growth Stock: Should You Buy?

Callon Petroleum is projected to generate around $2 billion in positive cash flow in 2022 and 2023 combined at current strip. This would allow it to pay off its credit facility debt, redeem its 2024 to 2026 note maturities and have $500 million in cash at the end of 2023.

Callon Petroleum May Be Able To Generate $2 Billion In Positive Cash Flow By The End Of 2023

HOUSTON , June 9, 2022 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") announced today that it has priced $600 million aggregate principal amount of its 7.500% senior unsecured notes due 2030 (the "notes") in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). The sale of the notes is expected to close on June 24, 2022, subject to customary closing conditions.

Callon Petroleum Company Announces Pricing of $600 Million Senior Unsecured Notes Offering

HOUSTON , June 9, 2022 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced that, subject to market and other conditions, it intends to offer $600 million aggregate principal amount of senior unsecured notes due 2030 (the "notes") in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). The net proceeds from the offering, together with borrowings under the senior secured revolving credit facility, are expected to be used to redeem all $460.2 million of the Company's existing 6.125% Senior Notes due 2024 ("2024 Notes") and all $319.7 million of the Company's existing 9.00% Second Lien Senior Secured Notes due 2025 ("Second Lien Notes").

Callon Petroleum Company Announces Launch of $600 Million Senior Unsecured Notes Offering

Crude oil futures are hovering around $118 as traders try to get a better feel of the demand outlook. Recently.

As gas prices hit records highs this exploration stock could be set to benefit

Reaffirms 2022 Production and Expense Guidance Updates Full-Year Capital Spending Forecast to Incorporate Increase in Service Costs Increases Adjusted Free Cash Flow Outlook for 2022 to Over $900 Million Secures Multi-Year Firm Transportation Agreements for Permian Natural Gas Production Announces Participation in Upcoming Investor Conferences HOUSTON, June 6, 2022 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced an updated operational capital budget range of $790 to $810 million in 2022, compared to the initial forecast of $725 million provided in February. This revised guidance is the product of inflationary service cost pressures that have resulted in average price increases of approximately 20% related to key drilling and completion items over 2021 levels.

Callon Petroleum Company Provides Operational Update and Increases Its Free Cash Flow Outlook

Are Investors Undervaluing Callon Petroleum (CPE) Right Now?

Why Is Callon (CPE) Up 12.5% Since Last Earnings Report?

ONEOK

ONEOK Inc. ( OKE , Financial) and Callon Petroleum Co ( CPE , Financial) have underperformed the broader market recently. They are also in financial distress, as represented by low Altman Z-Scores, meaning that they could go bankrupt within the next couple of years.

2 Risky Energy Picks That Could Pay Off

Higher oil price is aiding Callon Petroleum (CPE), making it a solid bet.

Here's Why Callon Petroleum (CPE) is an Attractive Investment Bet

The mean of analysts' price targets for Callon (CPE) points to a 48.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

News for Callon Petroleum Stock (CPE)