Centennial Resource Development (CDEV) Tops Q4 EPS by 2c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/10/2026
- US stocks close down as oil spikes 12%, job market weakens
- U.S. nonfarm payroll employment unexpectedly falls in February
- Oracle stock falls on report of scrapped Texas data center plans
- Kuwait cuts oil output as storage fills up
- Boeing reportedly nearing 500-aircraft deal with China ahead of Trump visit
- After-hours movers: Marvell, Samsara, GAP, Cooper Cos.
- After-hours movers: Broadcom, StubHub, Cracker Barrel, Grocery Outlet, Veeva Systems and more
- After-hours movers: Moderna, CrowdStrike, Ross Stores, Box and more
- After-hours movers: MongoDB, Credo, SoFi Technologies and more
- After-hours movers: Dell, Block, CoreWeave, Autodesk, MARA and more
Centennial Resource Development Announces Full Year 2019 Results, 2019 Year-End Reserves, 2020 Guidance, Water Infrastructure Divestiture and Leadership Transition
February 24, 2020 4:14 PM UTCDENVER, Feb. 24, 2020 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (Centennial or the Company) (NASDAQ: CDEV) today announced 2019 financial and operational results and 2020 operational plans and targets.
Recent Financial and Operational Highlights
Increased daily oil and equivalent production volumes 23% and 25% year-over-year, respectivelyAnnounced strong co-development results from the Northern and Southern Delaware BasinsAnnounced the divestiture of water infrastructure assets for $225 million Upfront cash proceeds of approximately $150 million expected to essentially fund 2020 cash flow deficit and reduce leverage metrics Increased total proved reserves by 15%... More