UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2021 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-37697 CENTENNIAL RESOURCE DEVELOPMENT, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 47-5381253 (State of Incorp ...

Centennial Resource Development, Inc. (CDEV) Q3 2021 Earnings Conference Call November 4, 2021 8:00 AM ET Company Participants Hays Mabry - Director, Investor Relations Sean Smith - Chief Executive Officer George Glyphis - Executive Vice President and Chief Financial Officer Matt Garrison - Executive Vice President and Chief Operating Officer Conference Call Participants Neal Dingmann - Truist Securities Chris Dendrinos - RBC Capital Markets Operator Good morning and welcome to Centennial Resource Developme ...

Delaware Basin Pure-Play Third Quarter 2021 Earnings Presentation November 3, 2021 Important Information 2 Forward-Looking Statements The information in this presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this presentation, regarding our strategy, future operations, financial position, estimat ...

Core Oil Delaware Basin Pure-Play EnerCom Oil & Gas Conference August 16, 2021 Important Information 2 Forward-Looking Statements The information in this presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this presentation, regarding our strategy, future operations, financial position, estimated r ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2021 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-37697 CENTENNIAL RESOURCE DEVELOPMENT, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 47-5381253 (State of Incorporati ...

Centennial Resource Development, Inc. (CDEV) Q2 2021 Earnings Conference Call August 4, 2021 10:00 AM ET Company Participants Hays Mabry - Director, Investor Relations Sean Smith - Chief Executive Officer George Glyphis - Chief Financial Officer Matt Garrison - Chief Operating Officer Conference Call Participants Brian Downey - Citigroup Leo Mariani - KeyBanc Neal Dingmann - Truist Securities Chris Dendrinos - RBC Capital Markets Zach Parham - JPMorgan Operator Good morning and welcome to Centennial Resour ...

Core Oil Delaware Basin Pure-Play Second Quarter 2021 Earnings Presentation August 3, 2021 Important Information 2 Forward-Looking Statements The information in this presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this presentation, regarding our strategy, future operations, financial position, ...

Core Oil Delaware Basin Pure-Play First Quarter 2021 Earnings Presentation May 4, 2021 Important Information 2 Forward-Looking Statements The information in this presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this presentation, regarding our strategy, future operations, financial position, est ...

Financial Performance - Total net revenues for Q1 2021 were $192.4 million, a decrease of $0.4 million (0.2%) compared to Q1 2020[197]. - Oil sales decreased by 22% to $133.7 million in Q1 2021 from $170.5 million in Q1 2020[196]. - Natural gas sales increased by 324% to $35.5 million in Q1 2021 from $8.4 million in Q1 2020[196]. - Average realized oil price increased by 17% to $52.62 per barrel in Q1 2021, while average NYMEX price for oil rose by 25% to $57.84 per barrel[198]. - Average daily net production of oil decreased by 32% to 28,239 Bbls/d in Q1 2021 from 41,512 Bbls/d in Q1 2020[196]. - Natural gas average daily net production decreased by 12% to 103,806 Mcf/d in Q1 2021 from 117,751 Mcf/d in Q1 2020[196]. - NGL sales increased by 67% to $23.2 million in Q1 2021 from $13.9 million in Q1 2020[196]. - Net production volumes for oil, natural gas, and NGLs decreased by 33%, 13%, and 20% respectively, with only 20 wells placed on production since Q1 2020, adding 422 MBbls of net oil production compared to 1,864 MBbls from 86 wells in Q1 2020[199]. - Cash flows from operating activities generated $72.3 million in Q1 2021, a decrease of $28.5 million compared to Q1 2020[218]. Expenses and Costs - Lease operating expenses (LOE) decreased by $6.8 million (21%) to $25.9 million in Q1 2021, primarily due to a $4.6 million decrease in workover expenses and cost reduction initiatives[200]. - LOE per Boe increased by $0.31 (6%) to $5.30 in Q1 2021, driven by fixed and semi-variable costs that did not decrease at the same rate as production declines[201]. - Severance and ad valorem taxes decreased by $4.0 million (24%) to $12.6 million in Q1 2021, with severance taxes remaining consistent at 5.3% of total net revenues[202]. - Gathering, processing, and transportation expenses increased by $3.7 million (22%) to $20.6 million in Q1 2021, with per Boe costs rising from $2.59 to $4.23[203]. - Depreciation, depletion, and amortization (DD&A) expense decreased by $37.5 million to $63.8 million in Q1 2021, with DD&A per Boe dropping from $15.49 to $13.08[204]. - Impairment and abandonment expense was $9.2 million in Q1 2021, significantly lower than $611.3 million in Q1 2020[206]. - General and administrative expenses increased to $25.3 million in Q1 2021 from $18.9 million in Q1 2020, primarily due to $10.2 million in stock compensation expense related to liability awards[208]. - Interest expense rose by $1.1 million to $17.5 million in Q1 2021, driven by increased interest on Senior Secured Notes and credit facility borrowings[209]. Capital Expenditures and Financing - Total capital expenditures for Q1 2021 amounted to $72.9 million, with $70.6 million allocated to drilling, completion, and facilities[214]. - The company expects total capex for 2021 to be between $260 million and $310 million, primarily funded by cash flows from operations[214]. - The company issued $150 million of 3.25% senior convertible notes due 2028, resulting in net proceeds of $163.7 million after costs[193]. - The company issued 3.25% Convertible Senior Notes in March 2021, resulting in net proceeds of $163.7 million, used to repay borrowings and fund capped call spread transactions[217]. - As of March 31, 2021, the company had $160.0 million in borrowings outstanding under its credit facility and $503.9 million in available borrowing capacity[222]. - The borrowing base for CRP's credit facility was reaffirmed at $700 million during the spring 2021 semi-annual redetermination[194]. - The company was free cash flow positive in Q1 2021, allowing for partial repayment of borrowings under its credit agreement[214]. - The company was in compliance with all covenants and financial ratios as of March 31, 2021[225]. Derivative Instruments and Market Sensitivity - A 10% change in oil prices per barrel would result in a $13.4 million impact on oil and gas sales for Q1 2021[237]. - Crude oil swaps for April 2021 - June 2021 totaled 1,183,000 Bbls with a weighted average crude price of $43.18 per Bbl[240]. - Natural gas swaps for April 2021 - June 2021 amounted to 3,640,000 MMBtu with a weighted average gas price of $2.89 per MMBtu[241]. - The net fair value of oil and gas derivative contracts outstanding as of March 31, 2021 was $(46,522) thousand, reflecting a significant increase in liabilities from $(18,209) thousand as of December 31, 2020[242]. - A hypothetical 10% increase in the NYMEX forward curve for crude oil would result in a $21.9 million increase in fair value, while a 10% decrease would lead to a $22.2 million decrease[242]. - The company does not currently have or intend to enter into derivative hedge contracts to protect against fluctuations in interest rates applicable to its outstanding indebtedness[244]. - A 1.0% increase or decrease in the weighted average interest rate would impact interest expense by approximately $1.6 million per year[244]. Internal Controls and Compliance - No changes in the system of internal control over financial reporting occurred during the three months ended March 31, 2021, that materially affected internal controls[247]. - The company evaluated its disclosure controls and procedures as effective as of March 31, 2021, providing reasonable assurance for timely decision-making regarding required disclosures[246].

Centennial Resource Development, Inc. (CDEV) Q1 2021 Earnings Conference Call May 5, 2021 10:00 AM ET Company Participants Hays Mabry - Centennial Director, Investor Relations Sean Smith - Chief Executive Officer George Glyphis - Chief Financial Officer Matt Garrison - Chief Operating Officer Conference Call Participants Neal Dingmann - Truist Securities Leo Mariani - KeyBanc Chris Dendrinos - RBC Capital Markets Operator Good morning, and welcome to Centennial Resource Development's conference call to disc ...