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

Earnings data Q3 2020

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Earnings data Q1 2021

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Earnings data Q1 2024

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.

APA Corporation

APA looks forward to leveraging its technical expertise in work processes across the Callon acreage to generate substantial returns for shareholders.

APA Boosts Production With Callon Petroleum Acquisition

HOUSTON , March 29, 2024 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced the expiration and final tender results of its previously announced cash tender offers (the "Offers") for any and all of its 8.000% Senior Notes due 2028 (the "2028 Notes") and any and all of its 7.500% Senior Notes due 2030 (the "2030 Notes" and, together with the 2028 Notes, the "Notes"). The terms and conditions of the Offers and the Consent Solicitations (as defined below) are set forth in the Offer to Purchase and Consent Solicitation Statement, dated as of March 1, 2024 (as it may be amended or supplemented from time to time, the "Statement").

CALLON PETROLEUM COMPANY ANNOUNCES EXPIRATION AND FINAL RESULTS OF ITS TENDER OFFERS AND CONSENT SOLICITATIONS

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

Callon (CPE) Up 8.6% Since Last Earnings Report: Can It Continue?

S&P Global

NEW YORK , March 25, 2024 /PRNewswire/ -- AppFolio Inc. (NASD:APPF) will replace Inari Medical Inc. (NASD:NARI) in the S&P MidCap 400, and Inari Medical will replace Callon Petroleum Co. (NYSE:CPE) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 1. S&P 500 constituent APA Corp. (NASD:APA) is acquiring Callon Petroleum in a transaction expected to be completed on or about that date pending final conditions.

AppFolio Set to Join S&P MidCap 400; Inari Medical to Join S&P SmallCap 600

HOUSTON , March 15, 2024 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced the pricing terms of its previously announced cash tender offers (the "Offers") for any and all of its 8.000% Senior Notes due 2028 (the "2028 Notes") and any and all of its 7.500% Senior Notes due 2030 (the "2030 Notes" and, together with the 2028 Notes, the "Notes"). The terms and conditions of the Offers and the Consent Solicitations (as defined below) are set forth in the Offer to Purchase and Consent Solicitation Statement, dated as of March 1, 2024 (as it may be amended or supplemented from time to time, the "Statement").

CALLON PETROLEUM COMPANY ANNOUNCES PRICE DETERMINATION WITH RESPECT TO ITS TENDER OFFERS AND CONSENT SOLICITATIONS

HOUSTON , March 15, 2024 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced the early tender results of its previously announced cash tender offers (the "Offers") for any and all of its 8.000% Senior Notes due 2028 (the "2028 Notes") and any and all of its 7.500% Senior Notes due 2030 (the "2030 Notes" and, together with the 2028 Notes, the "Notes"). The terms and conditions of the Offers and the Consent Solicitations (as defined below) are set forth in the Offer to Purchase and Consent Solicitation Statement, dated as of March 1, 2024 (as it may be amended or supplemented from time to time, the "Statement").

CALLON PETROLEUM COMPANY ANNOUNCES EARLY RESULTS OF ITS TENDER OFFERS AND CONSENT SOLICITATIONS

HOUSTON , March 1, 2024 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced that it has commenced cash tender offers (the "Offers") for any and all of its 8.000% Senior Notes due 2028 (the "2028 Notes") and any and all of its 7.500% Senior Notes due 2030 (the "2030 Notes" and, together with the 2028 Notes, the "Notes"), upon the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated as of March 1, 2024 (as it may be amended or supplemented from time to time, the "Statement"). The Offers will expire at 11:59 p.m.

CALLON PETROLEUM COMPANY ANNOUNCES TENDER OFFERS AND CONSENT SOLICITATIONS CONTINGENT ON CLOSING OF MERGER

Callon's (CPE) Q4 earnings have been affected by lower realized oil equivalent prices and production volumes.

Callon (CPE) Q4 Earnings Miss Estimates, Revenues Fall Y/Y

Although the revenue and EPS for Callon (CPE) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Callon (CPE) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Callon Petroleum (CPE) came out with quarterly earnings of $1.62 per share, missing the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $3.36 per share a year ago.

Callon Petroleum (CPE) Misses Q4 Earnings Estimates

Fourth quarter results top expectations for production Long-term debt further reduced to $1.9 billion Realized reductions in well costs and gains in well productivity to drive 2024 capital efficiency HOUSTON , Feb. 26, 2024 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today reported fourth quarter and full year 2023 financial and operating results. Due to the pending merger (the "Merger") with APA Corporation ("APA"), Callon will not host a conference call or webcast to discuss its fourth quarter and full year 2023 results.

Callon Petroleum Company Reports Fourth Quarter and Full Year 2023 Results

Callon (CPE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Callon Petroleum (CPE) Q4 Earnings Expected to Decline

NEW ORLEANS , Jan. 26, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

CALLON PETROLEUM INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Callon Petroleum Company - CPE

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Callon Petroleum Company (NYSE: CPE) to APA Corporation (NasdaqGS: APA). Under the terms of the proposed transaction, shareholders of Callon will receive 1.0425 shares of APA for each share of Callon that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequa.

CALLON PETROLEUM INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Callon Petroleum Company - CPE

NEW YORK , Jan. 4, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Callon Petroleum Company (NYSE: CPE) and its board of directors concerning the proposed acquisition of the company by APA Corporation (NASDAQ: APA). Stockholders will receive 1.0425 shares of APA common stock for each share of Callon Petroleum stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Callon Petroleum Company

Shares of independent oil and natural gas company Callon Petroleum (NYSE: CPE ) — which specializes in exploration, production and development of the upstream component of the energy value chain — popped higher on Thursday. Fellow upstream specialist APA Corp (NASDAQ: APA ) provided the catalyst, agreeing to buy out Callon in a deal worth billions.

CPE Stock Alert: The $4.5 Billion Reason Callon Petroleum Is Up Today

MILWAUKEE , Jan. 4, 2024 /PRNewswire/ -- Ademi LLP is investigating Callon (NYSE: CPE) for possible breaches of fiduciary duty and other violations of law in its transaction with APA. Click here to learn how to join the https://www.ademilaw.com/case/callon-petroleum-company or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Callon Petroleum Company has obtained a Fair Price in its transaction with APA

U.S. oil producer APA Corp. (APA) is buying rival Callon Petroleum (CPE) for $4.5 billion including debt, in an all-stock deal that will boost APA's portfolio in the Permian Basin, the companies announced Thursday.

Why APA Is Spending $4.5 Billion to Buy Callon Petroleum

Ford Motor Company

General Motors

Honda

Stellantis N.V. 

Toyota Motor

Another all-stock acquisition in the Permian Basin continues last year's consolidation flurry of mergers in the oil patch.

More Consolidation in the Oil Patch; Auto Sales

Being a leading exploration and production company, Callon Petroleum (CPE) is well-positioned to capitalize on handsome crude prices. However, it is exposed to extreme volatility in commodity prices.

Why Hold Strategy is Apt for Callon Petroleum (CPE) Stock Now

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Callon Petroleum Company (NYSE: CPE) to APA Corporation for 1.0425 shares of APA common stock for each share of Callon common stock is fair to Callon shareholders. Halper Sadeh encourages Callon shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. Th.

CPE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Callon Petroleum Company Is Fair to Shareholders

APA Corp (US) (NASDAQ:APA, ETR:2S3) has announced a definitive agreement to acquire Callon Petroleum Company in an all-stock transaction valued at around $4.5 billion, including Callon's net debt. The companies said the combination strategically adds scale and balance to APA's operations in the Permian Basin, particularly in the Delaware Basin, where Callon holds nearly 120,000 acres.

APA Corporation announces $4.5B acquisition of Callon Petroleum, boosting Permian Basin presence

Energy company APA has agreed to buy smaller peer Callon Petroleum in a stock-swap deal valued at about $4.5 billion, including assumed debt.

Energy Company APA to Buy Callon Petroleum in $4.5 Billion Deal

The purchase follows acquisitions by Occidental and Exxon Mobil in the region.

APA Buys Callon in $4.5 Billion Oil Deal. It's Another Permian Basin Play.

APA Corp. APA, +1.77% has entered a definitive agreement to acquire Callon Petroleum Co. CPE, +3.32% in an all-stock deal valued at about $4.5 billion, including debt. Under the terms of the deal, APA will pay 1.0425 shares of its common stock for each Callon share owned.

News for Callon Petroleum Stock (CPE)