Last $4.48 USD
Change Today +0.06 / 1.36%
Volume 2.2M
XCO On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 8:04 PM 08/19/14 All times are local (Market data is delayed by at least 15 minutes).

exco resources inc (XCO) Snapshot

Open
$4.44
Previous Close
$4.42
Day High
$4.54
Day Low
$4.42
52 Week High
08/22/13 - $7.62
52 Week Low
08/5/14 - $4.31
Market Cap
1.2B
Average Volume 10 Days
3.1M
EPS TTM
$-0.18
Shares Outstanding
272.7M
EX-Date
05/29/14
P/E TM
--
Dividend
$0.20
Dividend Yield
4.44%
Current Stock Chart for EXCO RESOURCES INC (XCO)

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exco resources inc (XCO) Details

EXCO Resources, Inc., an independent oil and natural gas company, is engaged in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in the United States. As of December 31, 2013, the company had approximately 70,000 net acres in East Texas/North Louisiana region for the Haynesville and Bossier shale formations; 47,800 net acres in South Texas region for the Eagle Ford shale formation; and 145,000 net acres in Appalachia region prospective for the Marcellus shale formation. It had proved reserves of approximately 1.1 trillion cubic feet equivalent; and operated approximately 7,863 wells. EXCO Resources, Inc. was founded in 1955 and is based in Dallas, Texas.

755 Employees
Last Reported Date: 02/26/14
Founded in 1955

exco resources inc (XCO) Top Compensated Officers

President and Chief Operating Officer
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $942.5K
Vice President, General Counsel and Secretary
Total Annual Compensation: $910.0K
Compensation as of Fiscal Year 2013.

exco resources inc (XCO) Key Developments

EXCO Resources, Inc. Announces Executive Changes, Effective September 19, 2014

EXCO Resources Inc. announced that, effective September 19, 2014, Richard A. Burnett will begin serving as EXCO's Chief Financial Officer following the departure of Mark F. Mulhern, EXCO's current Chief Financial Officer. Mr. Mulhern is leaving EXCO to return to his primary residence in Raleigh, North Carolina and to become a senior executive at a local real estate investment trust. Mr. Burnett joined EXCO in November 2013 and currently serves as EXCO's Vice President and Chief Accounting Officer.

EXCO Resources Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Second Half of 2014; Reaffirms Earnings Guidance for 2014

EXCO Resources Inc. reported unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, total revenues were $183 million against $150.3 million last year. Operating income was $43.3 million against $33.9 million last year. Income before income taxes was $2.3 million against $85.6 million last year. Net income was $2.3 million or $0.01 per basic and diluted share against $85.6 million or $0.40 per basic and diluted share last year. Adjusted EBITDA was $105.2 million against $90.4 million last year. Net cash provided by operating activities was $67.8 million against $128.0 million last year. Adjusted net income was $7.3 million or $0.03 per share against $20.9 million or $0.10 per share last year. GAAP net loss was $4.6 million or $0.02 per basic and diluted share for the first quarter of 2014. The increase in net income against the first quarter of 2014 was primarily due to volatility in commodity prices which resulted in higher unrealized losses on derivative contracts in the prior quarter. This was partially offset by lower revenues in the current quarter due to a decrease in production and realized natural gas prices. The company spent $78 million on development activities, drilling 32 gross (9.9 net) operated wells and completing 25 gross (7.9 net) operated wells in the second quarter of 2014. Total capital expenditures were $99.1 million against $100.0 million for the first quarter of 2014. For the six months, total revenues were $381.4 million against $288.6 million last year. Operating income was $100.7 million against $243 million last year. Loss before income taxes was $2.3 million against income before income taxes of $243.7 million last year. Net loss was $2.3 million or $0.01 per basic and diluted share against net loss of $243.7 million or $1.13 per basic and diluted share last year. Net cash provided by operating activities was $268.1 million against $171.2 million last year. Additions to oil and natural gas properties, gathering assets and equipment were $197.3 million against $132.4 million last year. Investment on property acquisitions was $0.4 million against $33.4 million last year. Adjusted EBITDA was $216.9 million against $186.3 million last year. Adjusted net income was $19.2 million or $0.07 per share against $49.7 million or $0.23 per share last year. Total capital expenditures were $199.2 million. Adjusted EBITDA outperformance was primarily driven by better-than-forecasted oil production with lower shut-in volumes along with slightly better gas production. For the quarter, total production was 34,870 Mmcfe or 383 Mmcfe per day against 34,870 Mmcfe or 383 Mmcfe per day last year. For the six months, total production was 71,504 Mmcfe or 395 Mmcfe per day against 78,950 Mmcfe or 436 Mmcfe per day last year. The company expects 2014 capital expenditure to be $400 million to $440 million, up from the original $368 million budget. The company is also reaffirming full year adjusted EBITDA range of $400 million to $425 million. For the second half of 2014, expected production approximately 67% of NATGAS and 87% of oil are subject to swaps at average prices of $4.22 and $95.70 respectively.

EXCO Resources Mulls Acquisitions

EXCO Resources Inc. (NYSE:XCO) is looking for acquisitions. Jeff Benjamin, Chairman of EXCO Resources Inc. said, "We are evaluating potential acquisitions and leases of undeveloped acreage that would be complementary to our current portfolio and accretive to the Company."

 

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Valuation XCO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.6x
Price/Book 3.0x
Price/Cash Flow 17.3x
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