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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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

Complements and enhances APA's asset base in the Permian Basin; expected to be accretive to key financial metrics; Adds to APA's high-quality, short-cycle development inventory and increases oil mix; and Strengthens APA's position as a leading, diversified independent E&P with pro forma production of more than 500,000 barrels of oil equivalent (BOE) per day and pro forma enterprise value in excess of $21 billion.* HOUSTON , Jan. 4, 2024 /PRNewswire/ -- APA Corporation ("APA" or the "Company") (NASDAQ: APA) and Callon Petroleum Company ("Callon") (NYSE: CPE) have entered into a definitive agreement under which APA will acquire Callon in an all-stock transaction valued at approximately $4.5 billion, inclusive of Callon's net debt.

APA Corporation to Acquire Callon Petroleum Company in All-Stock Transaction

Shares of Callon Petroleum Company (NYSE: CPE) are up 5.0% on Friday following a report that the oil and gas company has attracted takeover interest.

This Permian producer has reportedly attracted takeover interest

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

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Callon's (CPE) Q3 earnings benefit from lower total operating expenses.

Callon (CPE) Beats on Q3 Earnings, Revenues Fall Year Over Year

Callon Petroleum Company (NYSE:CPE ) Q3 2023 Results Conference Call November 2, 2023 10:00 AM ET Company Participants Kevin Haggard - CFO Joe Gatto - CEO Russell Parker - COO Conference Call Participants Neal Dingmann - Truist Securities Zach Parham - JPMorgan Oliver Huang - TPH Derrick Whitfield - Stifel Scott Hanold - RBC Capital Markets Paul Diamond - Citi Gabe Daoud - Cowen and Company Operator Ladies and gentlemen, thank you for standing by. Welcome to Callon Petroleum's Third Quarter Earnings Conference Call.

Callon Petroleum Company (CPE) Q3 2023 Earnings Call Transcript

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.

Is Callon Petroleum (CPE) Stock Undervalued Right Now?

The average of price targets set by Wall Street analysts indicates a potential upside of 41.2% in Callon (CPE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Believe Callon (CPE) Could Rally 41.22%: Here's is How to Trade

While the top- and bottom-line numbers for Callon (CPE) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Callon (CPE) Reports Q3 Earnings: What Key Metrics Have to Say

Reduced long-term debt to $1.9 billion Reiterated full-year 2023 capital expenditure outlook of $960 – $980 million Recent efficiency gains are expected to reduce 2024 drilling, completion, and facilities costs by more than 15% per well HOUSTON , Nov. 1, 2023 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today reported third quarter 2023 financial and operating results. A conference call is planned for 8 a.m.

Callon Petroleum Company Reports Third Quarter 2023 Results

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) Expected to Beat Earnings Estimates: Should You Buy?

Callon (CPE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Callon (CPE): Will It Gain?

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Callon (CPE) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Here Is Why Bargain Hunters Would Love Fast-paced Mover Callon (CPE)

HOUSTON , Oct. 17, 2023 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") plans to host a conference call to discuss its third quarter 2023 financial and operating results.  Webcast: Date: November 2, 2023 Time: 8:00 a.m.

Callon Petroleum Company Schedules Third Quarter 2023 Conference Call for November 2, 2023

The average of price targets set by Wall Street analysts indicates a potential upside of 32.4% in Callon (CPE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts See a 32.37% Upside in Callon (CPE): Can the Stock Really Move This High?

Is Callon Petroleum (CPE) a Great Value Stock Right Now?

HOUSTON , Oct. 4, 2023 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) today announces the publication of its 2022 Sustainability Report, highlighting the Company's progress and initiatives on environmental commitments, social responsibility, and sustainable governance practices. Highlights from Callon's 2022 Sustainability Report include: Significant reduction in GHG intensity: Callon has achieved a 40% reduction in Scope 1 GHG emissions intensity compared to the Company's 2019 baseline, including a 17% reduction in 2022.

Callon Petroleum Releases Annual Sustainability Report

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Callon (CPE) Up 9.3% Since Last Earnings Report: Can It Continue?

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Higher oil-equivalent production volumes aid Callon's (CPE) earnings in Q2.

Callon (CPE) Beats on Q2 Earnings, Reiterates Production View

Callon Petroleum Company. (NYSE:CPE ) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Kevin Smith - Head-Investor Relations Joe Gatto - President and Chief Executive Officer Russell Parker - COO Kevin Haggard - CFO Conference Call Participants Zach Parham - JPMorgan Derrick Whitfield - Stifel Neal Dingmann - Truist Securities Operator Ladies and gentlemen, welcome to the Callon Petroleum Second Quarter 2023 Earnings Conference Call.

Callon Petroleum Company (CPE) Q2 2023 Earnings Call Transcript

News for Callon Petroleum Stock (CPE)