OverviewSuggest Edit

Centennial Resource Development is an oil and natural gas company focused on the development and acquisition of unconventional oil and associated liquids-rich natural gas reserves. The Company's assets are located primarily in Reeves County, Texas in the core of the Southern Delaware Basin, in addition to properties in Lea County, New Mexico in the Northern Delaware Basin.

TypePublic
Founded2013
HQDenver, CO, US
Websitecdevinc.com

Latest Updates

Employees (est.) (Feb 2019)122(+18%)
Revenue (FY, 2019)$944.3 M(+6%)
Share Price (Jan 2021)$2.4 (+17%)
Cybersecurity ratingAMore

Key People/Management at Centennial Resource Development

Sean R. Smith

Sean R. Smith

Chief Executive Officer, Director
Steven J. Shapiro

Steven J. Shapiro

Chairman
Maire A. Baldwin

Maire A. Baldwin

Director
Matt R. Garrison

Matt R. Garrison

Vice President and Chief Operating Officer
George S. Glyphis

George S. Glyphis

Vice President and Chief Financial Officer
Davis O. O'Connor

Davis O. O'Connor

Vice President and General Counsel
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Centennial Resource Development Office Locations

Centennial Resource Development has an office in Denver
Denver, CO, US (HQ)
1001 17th St #1800
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Centennial Resource Development Financials and Metrics

Centennial Resource Development Revenue

Centennial Resource Development's revenue was reported to be $944.33 m in FY, 2019
USD

Revenue (Q3, 2020)

149.1m

Net income (Q3, 2020)

(51.5m)

EBIT (Q3, 2020)

(31.9m)

Market capitalization (12-Jan-2021)

659.3m

Closing stock price (12-Jan-2021)

2.4

Cash (30-Sept-2020)

5.2m

EV

1.7b
Centennial Resource Development's current market capitalization is $659.3 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

429.9m891.0m944.3m

General and administrative expense

49.9m63.3m79.2m

R&D expense

14.4m10.0m11.4m

Operating expense total

64.3m73.3m90.5m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

91.1m111.6m215.9m217.8m234.9m214.6m244.2m229.1m192.8m90.5m149.1m

General and administrative expense

29.9k202.4k777.1k10.6m13.3m14.3m13.8m16.6m18.1m18.4m20.0m18.9m18.0m17.6m

R&D expense

2.5m1.6m3.4m1.9m2.7m2.5m3.9m2.9m4.0m4.1m2.7m

Operating expense total

29.9k202.4k777.1k13.1m14.9m17.7m15.7m19.3m20.6m22.3m22.9m22.9m22.0m20.3m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

134.1m117.3m18.2m10.2m

Accounts Receivable

14.7m78.8m100.6m101.9m

Prepaid Expenses

2.1m6.1m9.8m8.0m

Current Assets

151.3m202.6m130.2m120.1m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

83.6m212.7m16.4m

Accounts Payable

26.8m66.7m33.8m

Cash From Operating Activities

259.9m670.0m564.2m

Purchases of PP&E

(4.9m)(6.1m)(8.9m)
Quarterly
USDQ1, 2016

Financial Leverage

100.4 x
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Centennial Resource Development Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Centennial Resource Development Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

30-39

out of 100

CSRHub logo

Centennial Resource Development Online and Social Media Presence

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Centennial Resource Development News and Updates

Centennial Resource Development to Present at the MKM Partners Virtual Conference

DENVER, Dec. 14, 2020 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that Sean R. Smith, Chief Executive Officer, is scheduled to present at the MKM Partners Virtual Conference to be held on December 15, 2020 at 10:30 a.m. E…

Thinking about buying stock in Workhorse Group, Centennial Resource Development, Xpeng, GreenPower Motor, or Orbital Energy Group?

NEW YORK, Nov. 23, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for WKHS, CDEV, XPEV, GP, and OEG. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Centennial Resource Development to Present at the Bank of America Securities Global Energy Conference

DENVER, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that Sean R. Smith, Chief Executive Officer, is scheduled to present at the Bank of America Securities Global Energy Conference to be held virtually on Thu…

Centennial Resource Development, Inc. Announces Third Quarter 2020 Earnings Conference Call

DENVER, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) announced today that it will report third quarter 2020 financial and operating results after the market closes for trading on November 2, 2020. Management will host an ear…

Centennial Resource Development to Participate in J.P. Morgan Energy, Power & Renewables Conference

DENVER, June 12, 2020 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (the “Company”) (NASDAQ: CDEV) today announced that Sean R. Smith, Chief Executive Officer, and George S. Glyphis, Vice President and Chief Financial Officer, are scheduled to participate in the J.P. Morgan Energy, Pow…

WaterBridge To Acquire Southern Delaware Produced Water Infrastructure Of Centennial Resource Development

HOUSTON, Feb. 25, 2020 /PRNewswire/ -- WaterBridge Holdings LLC (together with its subsidiaries, "WaterBridge") announced today that it has signed a definitive agreement to acquire the Southern Delaware Basin produced water infrastructure of Centennial Resource Production, LLC, a...
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Centennial Resource Development Blogs

Centennial Resource Development Announces Third Quarter 2020 Results and Lowers Full-Year Cost Guidance

DENVER , Nov. 02, 2020 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced third quarter 2020 financial and operational results and updated 2020 operational targets.  Recent Financial and Operational Highlights Generated free cash

Centennial Resource Development Announces Reaffirmation of Borrowing Base and Improvement to Liquidity Position

Centennial Resource Development Announces Reaffirmation of Borrowing Base and Improvement to Liquidity Position Content Import Tue, 10/13/2020 - 16:40 Centennial Resource Development Announces Reaffirmation of Borrowing Base and Improvement to Liquidity Position Oct 13 2020 …

Centennial Resource Development to Present at the Barclays CEO Energy-Power Conference

Centennial Resource Development to Present at the Barclays CEO Energy-Power Conference Content Import Wed, 09/02/2020 - 07:05 Centennial Resource Development to Present at the Barclays CEO Energy-Power Conference Sep 02 2020 This release is a backfill from a …

Centennial Resource Development, Inc. Announces Second Quarter 2020 Earnings Conference Call

DENVER , July 16, 2020 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) announced today that it will report second quarter 2020 financial and operating results after the market closes for trading on August 3, 2020 .  Management will host an

Centennial Resource Development, Inc. Announces Settlement of Offers to Exchange Any and All Outstanding 5.375% Senior Notes due 2026 and 6.875% Senior Notes due 2027

DENVER , May 22, 2020 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (the “Company” or “Centennial”) (NASDAQ: CDEV) announced the final settlement of the previously announced exchange offers (the “Exchange Offers”) of its operating subsidiary, Centennial Resource Production, LLC (“CRP”),

Centennial Resource Development, Inc. Announces Expiration and Final Results of Exchange Offers and Consent Solicitations for Any and All Outstanding 5.375% Senior Notes due 2026 and 6.875% Senior Notes due 2027

Centennial Resource Development, Inc. Announces Expiration and Final Results of Exchange Offers and Consent Solicitations for Any and All Outstanding 5.375% Senior Notes due 2026 and 6.875% Senior Notes due 2027 Content Import Wed, 05/20/2020 - 08:05 Centennial Resource Development, Inc. A…
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Centennial Resource Development Frequently Asked Questions

  • When was Centennial Resource Development founded?

    Centennial Resource Development was founded in 2013.

  • Who are Centennial Resource Development key executives?

    Centennial Resource Development's key executives are Sean R. Smith, Steven J. Shapiro and Maire A. Baldwin.

  • How many employees does Centennial Resource Development have?

    Centennial Resource Development has 122 employees.

  • What is Centennial Resource Development revenue?

    Latest Centennial Resource Development annual revenue is $944.3 m.

  • What is Centennial Resource Development revenue per employee?

    Latest Centennial Resource Development revenue per employee is $7.7 m.

  • Who are Centennial Resource Development competitors?

    Competitors of Centennial Resource Development include Carnarvon Petroleum, Chesapeake Energy and Black Ridge Oil & Gas.

  • Where is Centennial Resource Development headquarters?

    Centennial Resource Development headquarters is located at 1001 17th St #1800, Denver.

  • Where are Centennial Resource Development offices?

    Centennial Resource Development has an office in Denver.

  • How many offices does Centennial Resource Development have?

    Centennial Resource Development has 1 office.