Callon petroleum co (CPE)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Operating revenues:
Total operating revenues

289,919

196,095

155,378

167,052

153,047

161,895

161,214

137,075

127,440

118,214

84,614

82,283

81,363

69,081

55,927

45,145

30,698

33,563

34,316

39,242

30,391

38,418

39,657

40,502

33,285

26,471

30,797

22,760

22,541

28,677

27,402

25,360

29,294

31,811

33,550

36,834

25,449

20,485

21,569

Operating Expenses:
Lease operating

52,383

25,316

19,668

22,776

24,067

24,475

18,525

13,141

13,039

13,201

11,624

12,145

12,937

14,124

9,961

7,311

6,957

6,308

7,194

6,575

6,959

7,509

6,270

4,363

4,230

3,674

5,270

5,259

5,576

4,644

5,203

5,246

8,237

1,961

5,980

5,299

5,045

4,327

4,031

Production and ad valorem taxes

19,680

8,841

11,866

11,131

10,813

9,490

10,263

7,539

8,463

6,228

5,444

4,820

5,904

3,717

3,478

2,455

2,220

1,993

2,583

2,952

2,265

2,544

2,247

2,265

1,917

1,609

991

812

721

1,446

656

575

547

-

-

-

-

-

-

Gathering, transportation and processing

14,378

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, depletion and amortization

131,463

61,535

56,002

62,921

60,184

60,376

48,257

38,733

35,417

37,220

28,525

26,213

24,433

22,051

17,303

16,293

15,722

16,854

16,704

17,587

18,104

18,089

16,115

11,982

10,538

10,364

11,907

10,654

11,042

13,703

11,965

11,844

12,189

12,960

13,013

12,952

9,776

7,392

7,042

General and administrative

8,325

10,602

9,388

10,564

14,777

8,514

9,721

8,289

8,769

8,172

7,259

6,430

5,206

6,562

7,891

6,302

5,562

6,180

4,302

5,763

12,102

1,402

3,261

9,639

10,807

6,424

5,826

4,545

3,739

4,512

6,441

4,374

5,031

5,149

3,464

3,799

4,224

3,371

4,411

Merger and integration expenses

15,830

-

5,943

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settled share-based awards

-

-

0

0

-

0

0

0

0

-

0

6,351

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion expense

-

-

128

216

-

-

202

206

218

-

131

208

184

196

187

395

180

175

142

134

209

223

202

173

228

229

458

533

565

543

574

562

574

571

569

583

615

601

622

Other operating

0

145

-161

935

157

-

1,435

1,767

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-down of oil and natural gas properties

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

61,012

34,776

-

87,301

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rig termination fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-566

0

0

3,641

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of other property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,080

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition expense

-

-

-

-

-

-

-

-

548

-

205

2,373

450

1,263

456

1,906

48

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

139

-

Total operating expenses

242,059

177,539

102,834

108,543

109,998

103,562

88,403

69,675

66,454

64,186

53,188

58,540

49,114

47,913

39,276

95,674

65,465

152,105

118,226

33,011

43,280

30,435

28,095

28,422

26,640

24,007

24,452

21,803

21,643

26,025

24,839

22,601

26,578

22,703

23,026

22,633

19,660

15,830

16,106

Income From Operations

47,860

18,556

52,544

58,509

43,049

58,333

72,811

67,400

60,986

54,028

31,426

23,743

32,249

21,168

16,651

-50,529

-34,767

-118,542

-83,910

6,231

-12,889

7,983

11,562

12,080

6,645

2,464

6,345

957

898

2,652

2,563

2,759

2,716

9,108

10,524

14,201

5,789

4,655

5,463

Other (Income) Expenses:
Interest expense, net of capitalized amounts

20,478

689

739

741

738

735

711

594

460

461

444

589

665

1,369

831

4,180

5,491

5,544

5,603

5,106

4,858

4,765

2,205

1,825

977

1,625

1,417

1,537

1,515

2,012

2,135

2,384

2,577

2,805

2,722

2,698

3,492

3,133

3,198

Gain on acquired equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,979

-

-

0

(Gain) loss on derivative contracts

251,969

-30,694

21,809

14,036

-67,260

103,918

-34,339

-16,554

-4,481

-30,536

-14,162

10,494

15,303

-8,952

5,135

-15,484

-932

10,895

23,283

-8,249

2,429

28,990

9,944

-4,685

-2,513

763

-3,686

1,981

-418

-260

-1,598

3,505

70

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,205

-

-

-

-

-

-

0

1,366

-

0

0

0

1,942

-

-339

Other income

1,262

22

122

67

257

325

1,657

703

211

41

498

64

708

338

122

96

81

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss (gain) on mark-to-market derivative instruments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

Gain on sale of acquired assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

217

-

-

-

-

Loss on impairment of acquired assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

171

-

-

-

-

Other income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

92

41

44

312

61

93

49

117

279

44

45

-146

-237

157

305

826

347

425

-172

-63

111

Total other (income) expense

232,753

-36,242

21,192

13,362

-67,741

103,508

-33,393

-16,445

-4,730

-30,956

-14,108

9,969

15,346

-22,866

4,426

-19,568

-6,342

5,372

17,772

-13,314

-2,385

21,483

7,800

-3,212

-3,441

2,951

-4,824

488

-1,888

-2,418

-3,970

2,644

-2,202

-1,963

-2,329

2,706

-1,722

-3,196

-3,426

Income (Loss) Before Income Taxes

280,613

-17,686

73,736

71,871

-24,692

161,841

39,418

50,955

56,256

23,072

17,318

33,712

47,595

-1,698

21,077

-70,097

-41,109

-113,170

-66,138

-7,083

-15,274

29,466

19,362

8,868

3,204

5,415

1,521

1,445

-990

234

-1,407

5,403

514

7,145

8,195

16,907

4,067

1,459

2,037

Income tax (expense) benefit

-64,048

-4,441

17,902

16,691

5,149

5,647

1,487

481

495

248

237

322

466

-

-62

0

-

0

45,667

-2,116

-5,077

10,504

7,161

4,128

1,341

2,154

456

663

-169

715

-246

1,610

144

-66,602

0

-2,681

0

-

0

Income (loss) before equity in earnings of Medusa Spar LLC

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,261

1,065

782

-821

-

-

-

370

73,747

8,195

19,588

4,067

1,459

2,037

Equity in earnings of Medusa Spar LLC

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

17

-24

21

46

56

6

118

202

211

289

97

143

93

Net Income (Loss)

216,565

-23,543

55,834

55,180

-19,543

156,194

37,931

50,474

55,761

22,824

17,081

33,390

47,129

-1,746

21,139

-70,097

-41,109

-113,170

-111,805

-4,967

-10,197

18,962

12,201

4,740

1,863

3,264

1,082

758

-800

-373

-1,161

3,793

488

73,949

8,406

19,877

4,164

1,602

2,130

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,105

3,799

-

-

-

-

-

-

-

Preferred stock dividends

0

3

350

1,823

1,824

1,829

1,823

1,824

1,824

1,828

1,824

1,824

1,824

1,824

1,824

1,823

1,824

1,974

1,974

1,973

1,974

1,974

1,974

1,973

1,974

-

1,974

680

-

-

0

0

-

-

-

-

-

-

-

Loss on redemption of preferred stock

-

-

8,304

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) Available to Common Stockholders

216,565

-23,543

47,180

53,357

-21,367

154,370

36,108

48,650

53,937

21,001

15,257

31,566

45,305

-3,570

19,315

-71,920

-42,933

-115,144

-113,779

-6,940

-12,171

16,988

10,227

2,767

-111

1,291

-892

78

-800

-

-1,105

3,799

-

-

-

-

-

-

-

Income (Loss) Available to Common Stockholders Per Common Share:
Basic (in dollars per share)

0.55

-0.11

0.21

0.23

-0.09

0.69

0.16

0.23

0.27

0.09

0.08

0.16

0.23

0.20

0.14

-0.61

-0.51

-1.73

-1.72

-0.11

-0.21

0.36

0.24

0.07

0.00

0.03

-0.02

0.00

-0.02

-0.01

-0.03

0.10

0.01

1.97

0.21

0.51

0.12

0.06

0.07

Diluted (in dollars per share)

0.55

-0.11

0.21

0.23

-0.09

0.69

0.16

0.23

0.27

0.10

0.08

0.16

0.22

0.20

0.14

-0.61

-0.51

-1.73

-1.72

-0.11

-0.21

0.35

0.23

0.07

0.00

0.03

-0.02

0.00

-0.02

0.00

-0.03

0.09

0.01

1.93

0.21

0.50

0.12

0.05

0.07

Weighted Average Common Shares Outstanding:
Basic (in shares)

396,682

248,403

228,322

228,051

227,784

227,581

227,564

210,698

201,921

201,837

201,827

201,386

201,054

166,258

136,983

118,209

83,582

73,038

66,277

66,038

57,479

55,271

43,187

40,606

40,328

40,329

40,321

40,089

39,793

39,763

39,575

39,399

39,351

39,341

39,322

39,225

33,744

28,815

28,762

Diluted (in shares)

396,836

249,536

228,469

228,411

227,784

228,191

228,140

211,465

202,588

202,426

202,337

201,905

201,740

165,758

137,483

118,209

83,582

73,038

66,277

66,038

57,479

57,700

44,211

41,605

40,328

40,095

40,321

40,323

39,793

41,364

39,575

40,155

40,254

39,969

39,976

39,844

34,539

29,491

29,583

Oil
Total operating revenues

265,767

183,071

148,210

160,728

141,098

150,398

142,601

122,613

115,286

104,132

73,349

72,885

72,008

60,559

49,095

40,555

27,443

30,582

30,582

36,093

27,909

34,409

36,346

37,710

30,909

-

-

-

-

24,701

24,061

22,073

25,749

26,534

26,537

29,087

18,804

15,123

15,901

Natural gas
Total operating revenues

6,029

10,949

7,168

6,324

11,949

11,497

18,613

14,462

12,154

14,082

11,265

9,398

9,355

8,522

6,832

4,590

3,255

2,981

3,734

3,149

2,482

4,009

3,311

2,792

2,376

-

-

-

-

3,976

3,341

3,287

3,545

5,277

7,013

7,747

6,645

5,362

5,668

Natural gas liquids
Total operating revenues

18,123

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-