Thursday, October 28, 2021 9:26:37 PM
) sat flat after it reported a third-quarter profit of $77.5-million, up from $500,000 a year earlier, helped by higher energy prices and increased production.
The company says the profit amounted to 13 cents per diluted share for the quarter ended Sept. 30. Oil and gas sales totalled $826.7-million, up from $437.0-million a year ago.
On an adjusted basis, Crescent Point says its net earnings from operations were 24 cents per diluted share, up from 13 cents per diluted share in the same quarter last year.
The increase came as average daily production came in at 132,186 barrels of oil equivalent per day, up from 113,383 boe/d a year ago.
In an update to its outlook, Crescent Point says it expects production this year to average 132,000 to 134,000 boe/d, at the high end of its earlier guidance for between 130,000 and 134,000 boe/d. Capital spending is now expected to be about $625-million, at the top end of its earlier guidance for between $600- and $625-million.
In its preliminary guidance for 2022, the company says production is forecast to average between 131,000 and 135,000 boe/d with a budget of $825- to $900-million in development capital spending.
Recent CPG News
- Crescent Point Plans Name Change to Veren • PR Newswire (US) • 03/20/2024 03:44:00 PM
- Crescent Point Plans Name Change to Veren • PR Newswire (Canada) • 03/20/2024 03:44:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/07/2024 02:18:23 PM
- Crescent Point Receives Approval for Normal Course Issuer Bid • PR Newswire (Canada) • 03/07/2024 01:00:00 PM
- Crescent Point Receives Approval for Normal Course Issuer Bid • PR Newswire (US) • 03/07/2024 01:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/29/2024 01:08:22 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/29/2024 01:06:16 PM
- Crescent Point Announces Filing of 2023 Annual Information Form and Form 40-F • PR Newswire (Canada) • 02/29/2024 12:16:00 PM
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- Form 40-F - Registration statement [Section 12] or Annual Report [Section 13(a), 15(d)] • Edgar (US Regulatory) • 02/29/2024 12:02:27 PM
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- Crescent Point Announces 2023 Results & Reserves • PR Newswire (Canada) • 02/29/2024 11:30:00 AM
- Crescent Point Announces 2023 Results & Reserves • PR Newswire (US) • 02/29/2024 11:30:00 AM
- Crescent Point Confirms Quarterly Dividend • PR Newswire (US) • 02/29/2024 11:25:00 AM
- Crescent Point Confirms Quarterly Dividend • PR Newswire (Canada) • 02/29/2024 11:25:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/22/2024 07:18:14 PM
- Crescent Point Announces Q4 and Year-End 2023 Results Conference Call • PR Newswire (US) • 02/22/2024 05:00:00 PM
- Crescent Point Announces Q4 and Year-End 2023 Results Conference Call • PR Newswire (Canada) • 02/22/2024 05:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/15/2024 08:36:05 PM
- Crescent Point to Host Investor Day • PR Newswire (US) • 02/15/2024 05:00:00 PM
- Crescent Point to Host Investor Day • PR Newswire (Canada) • 02/15/2024 05:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/11/2024 02:14:38 AM
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