Callon Petroleum Company Announces First Quarter 2020 Results
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Callon Petroleum (CPE) Misses Q1 EPS by 1c
May 11, 2020 6:10 AM EDTCallon Petroleum (NYSE: CPE) reported Q1 EPS of $0.12, $0.01 worse than the analyst estimate of $0.13.
Instituted updated safety procedures for all field employees and enhanced communication with our current vendors to ensure safe social distancing.Material reductions in general and administrative costs including: 35% compensation reduction for board members, 35% reduction in CEO target cash compensation, and at least 25% reduction in target cash compensation by all other officers. This is in addition to previously planned staff reductions and a suspension of hiring activity, contributing to an incremental 15% reduction from post-merger integration... More