Chaparral Energy, Inc. (CHAP) 10-Q Quarterly Report Mon Aug 17 2020

- Chaparral Energy, Inc. (NYSE: CHAP), (the “Company” or “Chaparral”) announced today its first quarter 2020 financial and operational results. The Company will hold its quarterly earnings call Tuesday, May 12, at 9 a.m. Central.

Highlights


•	Achieved first quarter 2020 production of 30.7 thousand barrels of oil equivalent per day (MBoe/d), exceeding the high end of guidance


•	Reported net income of $4.9 million for the first quarter of 2020, or $0.11 per share, which included a $71.4 million non-cash ceiling test impairment partially offset by a non-cash mark to market gain on derivatives of $69.2 million; adjusted net income, as defined below, was $10.8 million, or $0.23 per diluted share


•	Maintained strong Adjusted EBITDA, as defined below, of $40.7 million despite an approximate 19% and 22% decrease in WTI oil prices and Henry Hub natural gas prices compared to the fourth quarter of 2019


•	Decisively responding to current environment by:


◦	Stopping all drilling and completion activities, provided notice to rig providers in early March and released both rigs by April 8, 2020


◦	Shutting in non-essential oil production to avoid exposure to abnormally low pricing for May crude sales


◦	Continuing to reduce absolute lease operating expense (LOE) and general and administrative (G&A) costs


•	Engaged advisors to assist in evaluating all strategic alternatives

“The global COVID-19 pandemic and the separate actions taken earlier in the year by Saudi Arabia and Russia have created an unprecedented environment causing significant uncertainty across the oil sector,” said Chief Executive Officer Chuck Duginski. “During these turbulent conditions, we continue to execute operationally at a very high level and we have managed through the pricing and logistical challenges that we have faced in this current environment."

The following information was filed by Chaparral Energy, Inc. (CHAP) on Tuesday, May 12, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

Please wait while we load the requested 10-Q report or click the link below:

https://last10k.com/sec-filings/report/1346980/000134698020000082/chap-20200630.htm

View differences made from one quarter to another to evaluate Chaparral Energy, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Chaparral Energy, Inc..

Continue

Assess how Chaparral Energy, Inc.'s management team is paid from their Annual Proxy

Chaparral Energy, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Chaparral Energy, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: CHAP
CIK: 1346980
Form Type: 10-Q Quarterly Report
Accession Number: 0001346980-20-000082
Submitted to the SEC: Mon Aug 17 2020 4:13:58 PM EST
Accepted by the SEC: Mon Aug 17 2020
Period: Tuesday, June 30, 2020
Industry: Crude Petroleum And Natural Gas

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/chap/0001346980-20-000082.htm

Chaparral Energy, Inc. (CHAP) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2020

SEC Filings

CHAP Valuations

CHAP Annual Reports

CHAP Quarterly Reports

CHAP Corporate News