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Concho Resources Inc (CXO.N)

CXO.N on New York Stock Exchange

125.58USD
23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Concho Resources reports Q4 loss per share $0.86
Tuesday, 21 Feb 2017 04:05pm EST 

Concho Resources Inc : Concho Resources Inc reports fourth quarter and full-year 2016 results . Q4 adjusted non-gaap earnings per share $0.20 . Q4 loss per share $0.86 . Q4 earnings per share view $-0.07 -- Thomson Reuters I/B/E/S . Quarterly production of 164.3 mboepd, up 7pct quarter-over-quarter . Increased full-year 2017 production growth target to 20%-24% . For Q1 of 2017, concho expects production to average between 172 mboepd and 176 mboepd .Current capital outlook of $1.6 billion to $1.8 billion for 2017 is expected to be funded through cash flow from operations.  Full Article

Concho Resources files to say selling stockholder may offer to sell up to 2.2 mln shares at $133.72/share - SEC filing
Friday, 13 Jan 2017 06:30pm EST 

Concho Resources Inc :Concho Resources Inc files to say selling stockholder may offer to sell up to 2.2 million shares of co at $133.72 per share - SEC filing.  Full Article

Concho Resources Inc says notes will bear interest at a rate of 4.37% per annum
Tuesday, 13 Dec 2016 07:40am EST 

Concho Resources Inc : Concho Resources Inc- has priced an offering of $600 million aggregate principal amount of senior unsecured notes due 2025 . Concho Resources Inc - notes will bear interest at a rate of 4.375% per annum and will be issued at par .Concho Resources Inc. Announces pricing of senior unsecured notes.  Full Article

Concho Resources reports acquisition of northern Delaware basin assets
Monday, 21 Nov 2016 07:00am EST 

Concho Resources Inc : Concho Resources Inc. announces acquisition of northern Delaware basin assets . Concho Resources Inc - deal for approximately $430 million . Concho Resources Inc says consideration in transaction includes approximately $150 million of cash and 2.18 million shares of concho's common stock . Concho Resources Inc - deal includes approximately 2.5 mboepd (69 pct oil) of current production . Concho Resources Inc - deal accretive to cash flow per share and leverage neutral . Concho Resources Inc says concho expects to fund cash portion of transaction with cash on hand . Concho Resources - as a result of deal, plans to increase its operated rig count to an average of eight rigs in northern delaware basin during 2017 . Concho Resources inc - maintained its capital expenditure guidance of $1.4 billion to $1.6 billion for 2017 . Concho Resources Inc - concho expects to grow oil production volumes by more than 20 pct year-over-year in 2017 . Concho Resources Inc - increases 2017 production growth target range to 18 pct to 21 pct .Concho Resources Inc - Concho expects to fund its 2017 capital program within cash flow.  Full Article

Concho Resources reports Q3 adj. earnings per share $0.32
Tuesday, 8 Nov 2016 04:42pm EST 

Concho Resources Inc : Full-Year 2016 lease operating expense guidance lowered to $6.00 per boe . Raised full-year 2016 production growth target to 5% . Concho Resources Inc says delivered quarterly production of 14.1 million boe, or 152.9 mboepd . For Q4 of 2016, Concho expects production to average between 164 mboepd and 167 mboepd . Concho Resources Inc- company expects to complete 60 to 70 gross wells during Q4 of 2016 . For 2017, company's board approved a capital budget of $1.6 billion . Average daily crude oil production for Q3 of 2016 totaled 91.1 thousand barrels . Concho Resources Inc- expect to execute a $1.4 billion to $1.6 billion capital program during 2017 . Concho Resources Inc sees 2016 production growth of up 5 percent . Average daily natural gas production for q3 totaled 370.6 million cubic feet (mmcf) . Concho Resources Inc says for 2017, company's board approved a capital budget of $1.6 billion . For 2017, expects to grow oil volumes by more than 20% year-over-year and total company production growth of 17% to 20% . Concho Resources Inc. Reports third quarter 2016 results . Q3 adjusted non-gaap earnings per share $0.32 . Q3 loss per share $0.38 .Q3 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.  Full Article

Concho Resources Inc files for sale of up to 3.9 mln shares
Tuesday, 4 Oct 2016 04:47pm EDT 

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
Monday, 15 Aug 2016 04:11pm EDT 

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
Monday, 15 Aug 2016 04:10pm EDT 

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
Tuesday, 2 Aug 2016 04:15pm EDT 

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
Thursday, 19 May 2016 05:07pm EDT 

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

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BRIEF-Concho Resources reports Q4 loss per share $0.86

* Concho Resources Inc reports fourth quarter and full-year 2016 results