Centennial Resource Development (CDEV) Misses Q3 EPS by 4c

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Go back to Centennial Resource Development (CDEV) Misses Q3 EPS by 4c

Centennial Resource Development Announces Third Quarter 2019 Financial and Operational Results and Increases 2019 Production Targets

November 4, 2019 4:07 PM EST

DENVER, Nov. 04, 2019 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (Centennial or the Company) (NASDAQ: CDEV) today announced financial and operational results for the third quarter 2019.

Financial and Operational Highlights:

Reported 17 percent increase in daily oil and 21 percent increase in total equivalent production volumes year-over-yearIncreased 2019 oil and total company production growth targets to 22 percent, while maintaining original capital budgetReduced drilling and completion capital expenditures for the fourth consecutive quarterContinued to drive strong... More