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-Centennial Resource Development Announces Second Quarter 2019 Financial and Operational Results and Increases 2019 Production Targets While Lowering Cost Guidance

Aug 06, 2019 - ENP Newswire
Financial Results

Centennial Resource Development, Inc.('Centennial' or the 'Company') (NASDAQ: CDEV) today announced financial and operational results for the second quarter 2019.

For the second quarter 2019, Centennial reported net income of $ 17.9 million, or $ 0.07 per diluted share, compared to $ 63.5 million, or $ 0.24 per diluted share, in the prior year period.

Financial Results

Maintained conservative balance sheet and strong liquidity

Delivered best oil producing well to date and...