Callon Petroleum Company (CPE) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2000 W SAM HOUSTON PARKWAY S HOUSTON, TX 77042 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,395 | 9,882 | 20,236 | 13,341 | 16,051 | 27,995 | |||
| Cash and cash equivalents | 3,395 | 9,882 | 20,236 | 13,341 | 16,051 | 27,995 | |||
| Receivables | 237,128 | 232,436 | 133,109 | 209,463 | 131,720 | 114,320 | |||
| Derivative instruments and hedges, assets | 21,332 | 22,381 | 921 | 26,056 | 65,114 | 406 | |||
| Other current assets | 35,783 | 30,745 | 24,103 | 19,814 | 9,740 | 2,139 | |||
| Total current assets: | 297,638 | 295,444 | 178,369 | 268,674 | 222,625 | 144,860 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 23,884 | 22,526 | 63,908 | ✕ | ✕ | ||||
| Property, plant and equipment | 5,165,648 | 4,088,960 | 6,669,118 | ||||||
| Derivative instruments and hedges | 9,216 | ||||||||
| Regulated entity, other noncurrent assets | 14,359 | 16,996 | 12,398 | ||||||
| Deposits noncurrent assets | 900 | ||||||||
| Restricted cash and investments | 3,500 | 3,500 | 3,500 | 3,424 | 3,372 | ||||
| Deferred income tax assets | 115,720 | ✕ | ✕ | ||||||
| Other noncurrent assets | 68,560 | 40,158 | 17,730 | 10,716 | 6,278 | 5,397 | |||
| Other undisclosed noncurrent assets | 5,779,883 | 18,869 | 51,783 | 39,627 | 3,729,850 | 2,526,369 | |||
| Total noncurrent assets: | 5,848,443 | 5,252,059 | 4,184,499 | 6,926,164 | 3,756,548 | 2,548,436 | |||
| TOTAL ASSETS: | 6,146,081 | 5,547,503 | 4,362,868 | 7,194,838 | 3,979,173 | 2,693,296 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 536,233 | 569,991 | 345,365 | 511,622 | 261,184 | 162,878 | |||
| Interest and dividends payable | ✕ | ✕ | 24,665 | 9,235 | |||||
| Accrued liabilities | 536,233 | 569,991 | 345,365 | 511,622 | |||||
| Other undisclosed accounts payable and accrued liabilities | 236,519 | 153,643 | |||||||
| Debt | 42,858 | ||||||||
| Deferred compensation liability | 1,390 | 4,621 | |||||||
| Derivative instruments and hedges, liabilities | 16,197 | 185,977 | 97,060 | 71,197 | 10,480 | 27,744 | |||
| Asset retirement obligation | 3,887 | 1,295 | |||||||
| Other liabilities | 150,384 | 116,523 | 41,508 | 26,570 | 13,310 | ||||
| Other undisclosed current liabilities | 13,175 | 24,665 | 9,235 | ||||||
| Total current liabilities: | 702,814 | 872,491 | 497,108 | 652,247 | 314,916 | 205,773 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 23,547 | 27,576 | 37,895 | 200,000 | 620,196 | ||||
| Long-term debt, excluding current maturities | 200,000 | 620,196 | |||||||
| Finance lease, liability | 807 | ✕ | ✕ | ||||||
| Liabilities, other than long-term debt | 138,432 | 115,129 | 157,918 | 96,086 | 20,012 | 9,904 | |||
| Deferred compensation liability, classified | 2,067 | 3,490 | |||||||
| Asset retirement obligations | 53,892 | 54,458 | 57,209 | 48,860 | 10,405 | 4,725 | |||
| Other liabilities | 49,243 | 49,262 | 12,663 | 14,531 | 100 | 405 | |||
| Operating lease, liability | 21,882 | 23,547 | 27,576 | 37,088 | ✕ | ✕ | |||
| Derivative instruments and hedges, liabilities | 13,415 | 11,409 | 88,046 | 32,695 | 7,440 | 1,284 | |||
| Other undisclosed noncurrent liabilities | 2,219,413 | 2,670,568 | 2,969,264 | 3,185,302 | 999,037 | 1,457 | |||
| Total noncurrent liabilities: | 2,357,845 | 2,809,244 | 3,154,758 | 3,319,283 | 1,219,049 | 631,557 | |||
| Total liabilities: | 3,060,659 | 3,681,735 | 3,651,866 | 3,971,530 | 1,533,965 | 837,330 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 3,085,422 | 1,865,768 | 711,002 | 3,223,308 | 2,445,208 | 1,855,966 | |||
| Preferred stock | 15 | 15 | |||||||
| Additional paid in capital | 4,022,194 | 4,012,358 | 3,222,959 | 3,198,076 | 2,477,278 | 2,181,359 | |||
| Retained earnings (accumulated deficit) | (937,388) | (2,147,204) | (2,512,355) | 21,266 | (34,361) | (327,426) | |||
| Other undisclosed equity, attributable to parent | 616 | 614 | 398 | 3,966 | 2,276 | 2,018 | |||
| Total equity: | 3,085,422 | 1,865,768 | 711,002 | 3,223,308 | 2,445,208 | 1,855,966 | |||
| TOTAL LIABILITIES AND EQUITY: | 6,146,081 | 5,547,503 | 4,362,868 | 7,194,838 | 3,979,173 | 2,693,296 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,230,964 | 2,045,030 | 1,033,147 | 671,572 | 587,624 | 366,474 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 366,474 | |
| Cost of revenue (Cost of Goods and Services Sold) | (49,907) | |||||||
| Gross profit: | 3,230,964 | 2,045,030 | 1,033,147 | 671,572 | 587,624 | 316,567 | ||
| Operating expenses | (1,550,432) | (1,010,053) | (3,489,999) | (498,914) | (328,094) | (225,028) | ||
| Other undisclosed operating income | 49,907 | |||||||
| Operating income (loss): | 1,680,532 | 1,034,977 | (2,456,852) | 172,658 | 259,530 | 141,446 | ||
| Nonoperating income (expense) | (458,923) | (669,646) | 45,285 | (69,429) | 48,940 | (19,749) | ||
| Investment income, nonoperating | (330,953) | (522,300) | (27,773) | (62,109) | 48,544 | (18,901) | ||
| Interest and debt expense | (45,658) | (41,040) | 170,370 | (4,881) | (2,500) | (2,159) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (170,370) | 4,881 | 2,500 | 2,159 | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,175,951 | 324,291 | (2,411,567) | 103,229 | 308,470 | 121,697 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 45,658 | 41,040 | ||||||
| Income (loss) from continuing operations before income taxes: | 1,221,609 | 365,331 | (2,411,567) | 103,229 | 308,470 | 121,697 | ||
| Income tax expense (benefit) | (11,793) | (180) | (122,054) | (35,301) | (8,110) | (1,273) | ||
| Income (loss) from continuing operations: | 1,209,816 | 365,151 | (2,533,621) | 67,928 | 300,360 | 120,424 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 365,151 | (2,533,621) | 67,928 | 300,360 | 120,424 | |
| Net income (loss) attributable to parent: | 1,209,816 | 365,151 | (2,533,621) | 67,928 | 300,360 | 120,424 | ||
| Preferred stock dividends and other adjustments | (12,301) | (7,295) | (7,295) | |||||
| Net income (loss) available to common stockholders, diluted: | 1,209,816 | 365,151 | (2,533,621) | 55,627 | 293,065 | 113,129 | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,209,816 | 365,151 | (2,533,621) | 67,928 | 300,360 | 120,424 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,209,816 | 365,151 | (2,533,621) | 67,928 | 300,360 | 120,424 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.