Callon Petroleum reports Q2 adjusted EPS $1.99, consensus $1.60

Reports Q2 revenue $562.28M, consensus $491.46M. Generated 7% sequential growth in Q2 total daily production volumes and 5% sequential growth in daily oil volumes – 107 MBoe/d and 63 MBbls/d, respectively -. “The second quarter highlighted the contributions from several large-scale projects across the Permian Basin combined with improvements in our cash operating structure and efficiencies in our capital spending program,” said Joe Gatto, CEO. “We enter the second half of 2023 as a Permian-focused company with multiple initiatives to drive further improvements in our capital efficiency and operating margins which are already delivering near-term results. Importantly, we now progress forward with another lever to increase shareholder value through a share repurchase program that will complement further reductions in our debt balances.”