Centennial resource development posts q1 loss per share of $1.99

Centennial resource development announces first quarter 2020 results and updated operational plans.q1 loss per share $1.99.q1 earnings per share estimate $-0.07 -- refinitiv ibes data.reduced current operated rig count from five to zero.initiated plan to reduce annual g&a expenses by approximately 30% on an annualized basis.suspended all near-term drilling and completion activity.expect to curtail up to 40% of production during may in response to weak realized prices.revised 2020 total capital budget approximately 60% below original guidance.recently implemented a reduction to its workforce and reduced salaries for remaining employees..base salaries for ceo, cfo and vice presidents have been reduced by 25%, 15% and 10%, respectively.qtrly oil and gas sales $192.8 million versus $214.6 million.
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