Centennial Resource Dev: Q4 Earnings Insights

Centennial Resource Dev CDEV reported its Q4 earnings results on Wednesday, February 23, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Centennial Resource Dev beat estimated earnings by 75.86%, reporting an EPS of $0.51 versus an estimate of $0.29.

Revenue was up $168.34 million from the same period last year.

Last quarter the company missed on EPS by $0.07 which was followed by a 0.13% increase in the share price the next day.

Here's a look at Centennial Resource Dev's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	0.19	0.04		-0.06
EPS Actual	0.12	-0.09	-0.12	-0.32
Revenue Estimate	251.02M	187.74M	157.06M	142.46M
Revenue Actual	288.50M	232.58M	192.39M	148.08M

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This article was generated by Benzinga's automated content engine and reviewed by an editor.