| Address:
|
200 N CANAL ST
|
| City: |
NATCHEZ |
|
State: |
MS |
|
Zip Code: |
39120 |
| Telephone: |
601-442-1601 |
|
Description of Business
|
Primary SIC Code:
1311 |
| (As filed with the SEC)
|
|
|
Callon Petroleum Company was incorporated under the laws of the state of
Delaware in 1994 and succeeded to the business of a publicly traded limited
partnership, a joint venture with a consortium of European investors and an
independent energy company partially owned by a member of current management. As
used herein, the "Company," "Callon," "we," "us," and "our" refer to Callon
Petroleum Company and its predecessors and subsidiaries unless the context
requires otherwise.
Prior to 2009, our operations were focused on exploration and production in the
Gulf of Mexico. Following the abandonment of our Entrada project in 2008, we
took steps to change our operational focus to lower risk, onshore exploration
and development activities. During 2009, we took the following actions:
. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 06/2010 | 2.59 | NA | 2.43 | | 03/2010 | 2.47 | NA | 2.17 | | 12/2009 | 2.45 | NA | 0.61 | | 09/2009 | -21.51 | NA | N/E | | 06/2009 | -21.19 | NA | N/E | | 03/2009 | -20.92 | NA | N/E | | 12/2008 | -20.68 | NA | N/E | | 09/2008 | 1.06 | NA | 17.01 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | 0.22 | Total Liab/Total Assets | 1.35 | | Net Inc/Total Assets | 0.24 | Total Liab/Inv Cap | 31.62 | | Net Inc/Inv Cap | 5.57 | Total Liab/Comm Equity | 1.26 | | Pretax Inc/Net Sales | 0.38 | Interest Coverage Ratio | 3.05 | | Net Inc/Net Sales | 0.38 | Curr Debt/Equity | -1.25 | | Cash Flow/Net Sales | 0.19 | LTD/Equity | -2.22 | | SG&A/NetSales | 0.09 | Total Debt/Equity | -3.46 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 2.44 | Quick Ratio | 0.66 | | Inventory Turnover | NA | Current Ratio | 0.66 | | Inventory Day Sales | NA | Net Rec/Curr Assets | 0.93 | | Net Sales/Work Cap | -3.57 | Inv/Curr Assets | NA | | Net Sales/PP&E | 1.07 | | |
Income Statement (Millions) |
| |
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Total Revenues(Net Sales)
|
21.57
|
23.39
|
70.99
|
21.32
|
|
Cost of Goods Sold
|
4.03
|
4.65
|
4.79
|
4.96
|
|
Selling & Admin Exps
|
4.41
|
4.30
|
3.15
|
3.00
|
|
Operating Income
|
5.46
|
7.04
|
53.42
|
5.80
|
|
Interest Exp
|
3.20
|
3.59
|
6.23
|
6.80
|
|
Pretax Income
|
2.04
|
3.81
|
53.73
|
-1.11
|
|
Other Income
|
-0.23
|
0.36
|
6.54
|
-0.11
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
2.13
|
3.92
|
53.90
|
-0.96
|
|
Assets
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Cash & Short Term Investments
|
31.81
|
42.23
|
3.64
|
1.06
|
|
Receivables - Total
|
16.63
|
23.01
|
72.33
|
17.80
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
50.46
|
66.87
|
77.68
|
25.17
|
|
Net Property, Plant & Equipment
|
143.28
|
134.13
|
133.12
|
128.08
|
|
Total Assets
|
211.25
|
218.32
|
227.99
|
171.17
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
12.11
|
8.58
|
12.89
|
15.59
|
|
Debt in Current Liabilities
|
0.00
|
16.18
|
100.67
|
84.45
|
|
Total Current Liabilities
|
15.49
|
28.37
|
117.56
|
104.32
|
|
Long-Term Debt
|
137.96
|
168.29
|
179.17
|
196.41
|
|
Total Liabilities
|
196.83
|
208.99
|
308.85
|
314.92
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
0.29
|
0.29
|
0.29
|
0.22
|
|
Retained Earnings
|
-226.41
|
-228.49
|
-317.56
|
-371.46
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
14.42
|
9.33
|
-80.85
|
-143.75
|
|
Total Liabilities and Stockholders' Equity
|
211.25
|
218.32
|
227.99
|
171.17
|
Cash Flow Summary (Millions) |
|
Categories
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Net Cash Provided by Operating Activities
|
18.34
|
55.67
|
9.36
|
17.55
|
|
Net Cash Provided by Investing Activities
|
-12.71
|
-6.76
|
-16.79
|
-12.22
|
|
Net Cash Provided by Financing Activities
|
-16.05
|
-10.00
|
10.00
|
-5.00
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2005 | 141.29 | 26.78 | 1.28 | | 12/2006 | 182.27 | 40.56 | 1.90 | | 12/2007 | 170.77 | 15.19 | 0.71 | | 12/2008 | 141.31 | -438.89 | -20.68 | | 12/2009 | 142.15 | 54.42 | 2.45 | | Growth Rates | 0.15 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 06/30/10 | 95 | 17,616 | 61.23 |
|
Report Date :
8/30/2010
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