Centennial Resource Development Inc (OQ:CDEV)

Sector:  Energy Industry:  Integrated Oil & Gas
See Regulatory Filings on SEC
Company Contact
Address: 1001 17th St Ste 1800
DENVER CO 80202-2058
Tel: 1-832-2403265
Website: www.cdevinc.com
IR: See website
Key People
Mark G. Papa
Chairman of the Board, Chief Executive Officer
George S. Glyphis
Chief Financial Officer
Sean R. Smith
Chief Operating Officer
Brent P. Jensen
Chief Accounting Officer, Vice President
Davis O. O Connor
Vice President, General Counsel
Business Overview
Centennial Resource Development, Inc. is an independent oil and natural gas company. The Company is focused on the development of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. The Company's assets are concentrated in the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of large, contiguous acreage blocks in Reeves, Ward and Pecos counties in West Texas. As of December 31, 2016, the Company held approximately 92% membership interest in Centennial Resource Production, LLC (CRP). As of December 31, 2016, its portfolio included 106 operated producing horizontal wells. The horizontal wells span an area of approximately 45 miles long by 20 miles wide where it had commercial production in five zones: the 3rd Bone Spring Sandstone, Upper Wolfcamp A, Lower Wolfcamp A, Wolfcamp B and Wolfcamp C.
Financial Overview
For the nine months ended 30 September 2019, Centennial Resource Development Inc revenues increased 3% to $687.9M. Net income decreased 96% to $6.2M. Revenues reflect Crude Oil - Production - Total increase of 27% to 11.4M barrels, Oil Equivalent Production (Units/day) - increase of 27% to 75K barrels per day, Oil Sales increase of 11% to $590.1M, NGL sales increase of 42% to $66.2M.
Employees: 178 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $2,059M as of Sep 30, 2019
Annual revenue (TTM): $910.44M as of Sep 30, 2019
EBITDA (TTM): $569.02M as of Sep 30, 2019
Net annual income (TTM): $37.16M as of Sep 30, 2019
Free cash flow (TTM): -$369.75M as of Sep 30, 2019
Net Debt Last Fiscal Year: $990.93M as of Sep 30, 2019
Shares outstanding: 276,743,542 as of Oct 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization