Company Information

  

Address: 1001 SEVENTEENTH STREET
SUITE 1800 
City: DENVER 
State: CO 
Zip Code: 80202 
Telephone: 720-499-1400 

Description of Business

Primary SIC Code: 1311
(As filed with the SEC)  

Centennial Resource Development, Inc. (the "Company," "Centennial," "we," "us," or "our") is an independent oil and natural gas company focused on the development of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. Our assets are concentrated in the Delaware Basin, a sub-basin of the Permian Basin, and our properties consist of large, contiguous acreage blocks primarily in Reeves County in West Texas and Lea County in New Mexico. Our principal business objective is to increase shareholder value by building a premier development company focused on horizontal drilling in the Delaware Basin. We intend to grow our production and oil and natural gas reserves by developing our acreage with an increased focus on optimizing completions, improving drilling results and drilling extended laterals. We also intend to grow production and reserves through selective acquisitions that meet our strategic and financial objectives.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20180.53NA34.62
12/20170.32NA61.88

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.03Total Liab/Total Assets0.22
Net Inc/Total Assets0.02Total Liab/Inv Cap0.23
Net Inc/Inv Cap0.02Total Liab/Comm Equity0.28
Pretax Inc/Net Sales0.26Interest Coverage Ratio20.81
Net Inc/Net Sales0.18Curr Debt/Equity0.00
Cash Flow/Net Sales0.60LTD/Equity0.14
SG&A/NetSales0.20Total Debt/Equity0.14
Asset Utilization   Liquidity  
Net Receivables Turnover9.19Quick Ratio1.01
Inventory TurnoverNACurrent Ratio1.01
Inventory Day SalesNANet Rec/Curr Assets0.39
Net Sales/Work Cap152.88Inv/Curr AssetsNA
Net Sales/PP&E0.13  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 215.90 166.13 111.61 91.06
Cost of Goods Sold 30.10 26.10 21.30 15.68
Selling & Admin Exps 31.92 32.96 21.38 17.83
Operating Income 87.87 48.29 26.55 23.25
Interest Exp 5.81 3.60 1.02 0.71
Pretax Income 89.91 46.02 24.49 32.27
Other Income 7.86 1.33 -1.04 9.72
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 66.09 30.54 14.45 20.76

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 38.22 117.32 2.58 NA
Receivables - Total 108.43 78.79 50.21 34.81
Inventories - Total NA NA NA NA
Total Current Assets 166.32 202.59 59.28 38.76
Net Property, Plant & Equipment 3,505.44 3,386.24 3,204.33 3,058.42
Total Assets 3,692.56 3,616.57 3,274.61 3,098.57
Liabilities        
Accounts Payable 180.05 199.53 136.50 119.51
Debt in Current Liabilities 0.00 0.24 0.45 0.19
Total Current Liabilities 180.53 199.77 136.95 119.69
Long-Term Debt 390.92 390.76 165.00 35.00
Total Liabilities 745.76 782.34 534.18 376.41
Stockholder's Equity        
Minority Interest 138.91 169.75 205.61 203.80
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.03 0.03 0.03 0.03
Retained Earnings 132.73 66.64 36.10 21.66
Treasury Stock NA NA NA NA
Total Stockholders' Equity 2,946.81 2,834.23 2,740.43 2,722.16
Total Liabilities and Stockholders' Equity 3,692.56 3,616.57 3,274.61 3,098.57

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 131.83 122.77 44.01 73.89
Net Cash Provided by Investing Activities -218.58 -225.55 -171.43 -496.91
Net Cash Provided by Financing Activities -0.93 226.12 130.00 368.14

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201590.46-38.33--
12/201698.83-226.80--
12/2017429.9075.570.32
Growth Rates118.00----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18223254,54296.50




Report Date : 7/16/2018

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