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Callon: Q4 Earnings Snapshot

By AP News - Feb 22, 2023, 07:24 PM ET

Last Updated - Jun 22, 2023, 08:10 PM EDT

HOUSTON (AP) — HOUSTON (AP) — Callon Petroleum Co. (CPE) on Wednesday reported fourth-quarter profit of $272.5 million.

The Houston-based company said it had net income of $4.41 per share. Earnings, adjusted for non-recurring gains, came to $3.36 per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.44 per share.

The independent oil and gas company posted revenue of $704.2 million in the period, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $617.4 million.

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