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Concho Resources Inc (CXO.N)

CXO.N on New York Stock Exchange

138.29USD
13 Dec 2017
Change (% chg)

$-1.21 (-0.87%)
Prev Close
$139.50
Open
$139.45
Day's High
$139.54
Day's Low
$138.21
Volume
224,880
Avg. Vol
282,409
52-wk High
$147.77
52-wk Low
$106.77

Latest Key Developments (Source: Significant Developments)

Concho Resources posts Q3 adj. earnings per share $0.45
Wednesday, 1 Nov 2017 

Oct 31 (Reuters) - Concho Resources Inc :Concho Resources Inc reports third quarter 2017 results.Q3 adjusted non-GAAP earnings per share $0.45.Q3 loss per share $0.77.Q3 earnings per share view $0.27 -- Thomson Reuters I/B/E/S.Expects production to average approximately 200 mboepd to 204 mboepd, with a 62 pct oil mix, in the fourth quarter of 2017‍​.Concho Resources Inc - ‍crude oil production for Q3 of 2017 totaled 119.6 thousand barrels per day (mbopd), an increase of approximately 31 pct from Q3 of 2016​.Concho Resources - for Q4, co expects oil & natural gas production expense to be at high end of the guidance range of $5.50 per boe to $6.00 per boe‍​.Production for Q3 averaged 193.2 thousand boe per day (mboepd), an increase of about 26 pct from the third quarter of 2016‍​.Qtrly total operating revenues $627 million versus $430 million.  Full Article

Concho Resources Inc files for sale of up to 3.9 mln shares
Wednesday, 5 Oct 2016 

Concho Resources Inc :Concho Resources Inc files for sale of up to 3.9 mln shares of co's common stock by the selling stockholder - Sec Filing- Sec Filing.  Full Article

Concho Resources announces public offering of common stock
Tuesday, 16 Aug 2016 

Concho Resources Inc : Announces public offering of common stock . Says offering 9.00 million common shares .Proceeds from offering expected to finance part of cash portion of purchase price for co's acquisition of midland basin assets.  Full Article

Concho Resources buys Midland Basin assets for $1.625 bln
Tuesday, 16 Aug 2016 

Concho Resources Inc : Deal for $1.625 billion . Deal for 2017 production growth outlook approximately 20% . Consideration in transaction includes about $1.1 billion of cash and 3.96 million shares of Concho's common stock valued at about $0.5 billion . Concho Resources Inc says intends to fund cash portion of acquisition through proceeds from a potential equity market transaction . Concho Resources Inc announces acquisition of Midland Basin Assets .Updated its full-year 2016 production outlook to a range of 1% to 3% annual growth to reflect production from acquired assets in Q4 of 2016.  Full Article

Concho Resources reports Q2 loss per share $2.04
Wednesday, 3 Aug 2016 

Concho Resources Inc : Concho Resources Inc reports second quarter 2016 results . Q2 adjusted non-GAAP earnings per share $0.26 . Q2 loss per share $2.04 . Q2 earnings per share view $0.08 -- Thomson Reuters I/B/E/S . Delivered quarterly production of 13.2 million boe, or 145.2 mboepd . For Q3 of 2016, concho expects production to average between 144 mboepd and 148 mboepd . Raised full-year 2016 production outlook to a range of 0 pct to 2 pct annual growth and maintained capital expenditure outlook. . At June 30, 2016, Concho had cash of approximately $0.5 billion and long-term debt of $3.3 billion. .Concho currently has no outstanding borrowings on its credit facility.  Full Article

Concho Resources says CFO Darin Holderness to retire
Friday, 20 May 2016 

Concho Resources Inc : Says CFO Darin G. Holderness to retire . Jack F. Harper, who is currently executive vice president of company, has assumed additional roles of chief financial officer .Concho Resources Inc. Announces retirements of chief financial officer and senior vice president of exploration.  Full Article