Permian Resources Corp (LTS:0HVD)
$ 15.6688 0 (0%) Market Cap: 11.01 Bil Enterprise Value: 15.04 Bil PE Ratio: 9.45 PB Ratio: 1.22 GF Score: 86/100
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Centennial Resource Development Inc at Barclays CEO Energy-Power Conference (Virtual) Transcript

Sep 09, 2021 / 05:15PM GMT
Release Date Price: $5.19 (-0.56%)
Jeanine Wai
Barclays Bank PLC, Research Division - Research Analyst

Hi. Good afternoon, everyone. Thanks so much for joining us. We're very pleased today to have Sean Smith with us, CEO of Centennial Resource Development. Centennial, for those who aren't familiar, is a pure-play Permian E&P with operations in the Delaware Basin. The company has 82,000 net acres that's largely contiguous and 97% operated. They only have about 4% exposure to federal lands.

And we like that Centennial is focused on free cash flow and has been free cash flow positive for 4 consecutive quarters now, with 2Q being a record quarter for free cash. And that cash was used, importantly, to enhance the balance sheet by paying down debt.

So Sean, thank you so much for joining us today. So we've got your presentation, and if there's time afterwards, we can get into some Q&A.

Sean R. Smith
Centennial Resource Development, Inc. - CEO & Director

That sounds great. Thanks, Jeanine. And we'll get started here, I think. Hopefully, everyone can see the slide

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