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Concho Resources Inc (CXO)

CXO on New York Consolidated

141.19USD
7 Dec 2016
Change (% chg)

$-2.06 (-1.44%)
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Latest Key Developments (Source: Significant Developments)

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

Concho Resources Inc prices common stock offering
Wednesday, 30 Sep 2015 08:16pm EDT 

Concho Resources Inc:Has priced an upsized public offering of 7,700,000 shares of its common stock for total gross proceeds (before underwriters' fees and estimated expenses) of about $712 million.The underwriters have an option for 30 days to purchase up to an additional 1,155,000 shares of common stock from the company.Proceeds from the offering are expected to be used to repay all outstanding borrowings under the company's credit facility, which were used in part to finance recent acquisitions, and for general corporate purposes, including funding potential future acquisitions.J.P. Morgan and Credit Suisse are acting as joint book-running managers for the offering. The offering is expected to close on October 6, 2015, subject to customary closing conditions.  Full Article

Concho Resources Inc announces Public Offering of Common Stock
Wednesday, 30 Sep 2015 04:05pm EDT 

Concho Resources Inc:Says launch of an underwritten public offering of 7,000,000 shares of common stock.Says underwriters will have an option to purchase up to an additional 1,050,000 shares of common stock from the Company.Proceeds from the offering are expected to be used to repay all outstanding borrowings under the Company's credit facility, which were used in part to finance recent acquisitions, and for general corporate purposes, including funding potential future acquisitions.J.P. Morgan and Credit Suisse are acting as joint book-running managers for the offering.  Full Article

Concho Resources Inc raises FY 2015 production outlook
Wednesday, 29 Jul 2015 04:30pm EDT 

Concho Resources Inc:Says FY 2015 production growth target raised to 24 pct. to 26 pct.  Full Article

Concho Resources Inc gives Q2 2015 production outlook; raises FY 2015 production outlook
Monday, 4 May 2015 04:30pm EDT 

Concho Resources Inc:Expects Q2 2015 production to average between 138 MBoepd and 142 MBoepd.Raises FY 2015 Year-over-year production growth of 18 - 22 pct.  Full Article

Concho Resources Inc announces upsizing and pricing of common stock offering
Thursday, 26 Feb 2015 07:30pm EST 

Concho Resources Inc:Announced that it has priced an upsized public offering of 6,000,000 shares of its common stock for total gross proceeds of about $650 million.The underwriter has an option for 30 days to purchase up to an additional 900,000 shares of common stock from the company.Proceeds from the offering are expected to be used to repay all of the outstanding borrowings under the company's credit facility and for general corporate purposes, which may include funding of the company's drilling and development program and future acquisitions.BofA Merrill Lynch is acting as sole book-running manager and has offered, and may offer, the shares at prevailing market prices or otherwise from time to time through the New York Stock Exchange.The offering is expected to close on March 4, 2015.  Full Article

Concho Resources announces public offering of common stock
Thursday, 26 Feb 2015 04:13pm EST 

Concho Resources Inc:Says the launch of an underwritten public offering of 5,600,000 shares of common stock.Underwriter will have an option to purchase up to an additional 840,000 shares of common stock from the Company.Proceeds from the offering are expected to be used to repay all outstanding borrowings under the Company's credit facility and for general corporate purposes, which may include funding the Company's drilling and development program and future acquisitions.BofA Merrill Lynch is acting as sole book-running manager and underwriter for the offering.  Full Article

BRIEF-Concho Resources reports acquisition of northern Delaware basin assets

* Concho Resources Inc. announces acquisition of northern Delaware basin assets