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Crescent Point Energy (CPG) Reports Q2 EPS of C$0.20

July 28, 2021 6:39 AM EDT

Crescent Point Energy (NYSE: CPG) reported Q2 EPS of Cdn$0.20, versus Cdn$0.38 reported last year.

2021 GUIDANCE

The Company's guidance for 2021 is as follows:

Prior

Revised

Total Annual Average Production (boe/d) (1)

128,000 - 132,000

130,000 - 134,000

Capital Expenditures

Development capital expenditures ($ million)

$575 - $625

$600 - $625

Capitalized G&A ($ million)

$35

$35

Total ($ million) (2)

$610 - $660

$635 - $660

Other Information for 2021 Guidance

Reclamation activities ($ million) (3)

$15

$15

Capital lease payments ($ million)

$20

$20

Annual operating expenses

$595 - $615 million ($12.45 - $12.95/boe)

$615 - $635 million ($12.75 - $13.25/boe)

Royalties

11.5% - 12.5%

12.0% - 12.5%

1)

Total annual average production (boe/d) is comprised of 86% Oil & Liquids and 14% Natural Gas

2)

Land expenditures and net property acquisitions and dispositions are not included. Development capital expenditures spend is allocated as follows: 84% drilling & development and 16% facilities & seismic

3)

Reflects Crescent Point's portion of its expected total budget

For earnings history and earnings-related data on Crescent Point Energy (CPG) click here.



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