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EXCO Resources Inc (XCO.N)

XCO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

EXCO Resources reports Q2 earnings per share $6.13
Tuesday, 8 Aug 2017 04:01pm EDT 

Aug 9 (Reuters) - EXCO Resources Inc -:EXCO Resources Inc reports second quarter 2017 results.Q2 adjusted non-gaap loss per share $0.23.Q2 gaap earnings per share $6.13.Says produced 229 mmcfe per day, or 21 bcfe, for q2 2017, a decrease of 4% compared to q1 2017.Q2 earnings per share view $-0.27 -- Thomson Reuters I/B/E/S.Qtrly total revenue $71.02 million versus $58.79 million.  Full Article

EXCO Resources files for offering of up to 72.7 mln shares
Wednesday, 2 Aug 2017 05:59pm EDT 

Aug 2 (Reuters) - EXCO Resources Inc :EXCO Resources Inc files for offering of up to 72.7 million shares by selling shareholders - SEC filing‍​.  Full Article

EXCO Resources units are parties to purchase, sale agreement with Vog Palo Verde
Friday, 23 Jun 2017 06:21am EDT 

June 23 (Reuters) - EXCO Resources Inc ::EXCO Resources Inc- co's units are parties to a purchase and sale agreement with Vog Palo Verde LP, dated as of April 7, 2017.EXCO Resources Inc -on May 31, Chesapeake Energy Marketing terminated long term transaction confirmation with expiration of June 30, 2032, between Chesapeake and Raider Marketing.EXCO Resources Inc - as a result of alleged termination of contract, EOC was forced to shut-in certain wells beginning on June 1, 2017.EXCO Resources Inc -due to contract termination, closing conditions were not anticipated to be satisfied or waived by original scheduled closing date.EXCO Resources Inc says parties entered into first amendment, dated as of May 31, 2017, to extend original scheduled closing date for two weeks.EXCO Resources Inc - on June 6, EXCO parties & raider filed a petition, application for temporary restraining order & injunction against Chesapeake in Dallas County, Texas.EXCO Resources Inc - on June 9, 2017, district court denied EXCO parties and raider's motion for temporary restraining order - SEC filing.EXCO Resources Inc says on June 7, 2017, Chesapeake Energy Marketing filed to remove lawsuit to United States District Court Northern District Of Texas.EXCO Resources Inc - lawsuit remains pending in federal court.  Full Article

Exco Resources announces 1-for-15 reverse share split
Thursday, 1 Jun 2017 04:38pm EDT 

June 1 (Reuters) - Exco Resources Inc :EXCO resources, inc. Announces 1-for-15 reverse share split, shareholder approval for share issuance under 1.5 lien notes and 1.75 term loans, and annual meeting results.EXCO resources inc- ‍reverse share split is expected to become effective after market closes on june 12, 2017​.  Full Article

Exco Resources reports Q1 GAAP earnings per share $0.03
Tuesday, 9 May 2017 04:05pm EDT 

May 9 (Reuters) - Exco Resources Inc :Exco Resources, Inc. reports first quarter 2017 results.Q1 adjusted non-GAAP loss per share $0.02.Q1 GAAP earnings per share $0.03.Exco Resources Inc - Produced 241 mmcfe per day, or 22 bcfe, for Q1 2017.Exco Resources Inc - Qtrly total revenues $76.5 million versus $56.1 million.Exco Resources Inc - Exco's 2017 capital budget is $158 million.  Full Article

Exco Resources to divest South Texas oil, and gas properties
Monday, 10 Apr 2017 08:00am EDT 

Exco Resources Inc : Exco Resources executes agreement to divest south texas oil and natural gas properties . Exco Resources Inc- purchase price of $300 million is subject to customary closing conditions . Exco Resources-properties to be divested include interests in oil & natural gas properties,surface acreage in zavala, frio and dimmit counties in Texas . Exco Resources - intends to use proceeds to fund drilling, development of its core haynesville and bossier shale assets in North Louisiana and East Texas . Exco Resources - after closing of sale, borrowing base under company's revolving credit agreement will be $100 million .Exco Resources Inc - next borrowing base redetermination under credit agreement is set to occur in november 2017.  Full Article

Exco resources reports Q4 GAAP loss per share of $0.12
Thursday, 16 Mar 2017 07:00am EDT 

Exco Resources Inc : Reports fourth quarter and full year 2016 results . Q4 adjusted non-GAAP earnings per share $0.00 . Q4 GAAP loss per share $0.12 . Produced 263 MMCFE per day, or 24 BCFE, for Q4 2016 .Company plans to drill 5 gross wells during Q1 2017 that will be completed and turned-to-sales in second and Q3 2017.  Full Article

Exco Resources says is evaluating potential sale of its oil & natural gas properties in South Texas
Wednesday, 15 Mar 2017 03:03pm EDT 

Exco Resources Inc : Exco Resources announces transformational capital structure transactions . Says issued $300 million in 1.5 lien notes that include option to pay interest in-kind in common shares or additional debt . Issued $300 million in 1.5 lien notes that include option to pay interest in-kind in common shares or additional debt . Says increased pro forma liquidity by $116 million, calculated as cash plus available borrowing capacity under credit agreement . Proceeds from issuance were primarily utilized to repay all outstanding indebtedness under credit agreement . Exchanged $683 million of second lien term loans for a like amount of 1.75 lien term loans . Says amended credit agreement to establish a borrowing base of $150 million, permit issuance of 1.5 lien notes and 1.75 lien term loans . Exco plans to pursue additional transactions to improve its capital structure and liquidity . Anticipates transactions will enhance capital structure, provide option to improve future cash flows and establish structural liquidity . Reduced potential cash interest payments up to $109 million/year,or $433 million through maturity,with option to pay interest in common shares . Currently evaluating potential sale of its oil and natural gas properties in South Texas . Will also seek approval to amend its charter to increase number of shares authorized for issuance or to effect a reverse stock split.  Full Article

EXCO Resources announces changes in board
Friday, 3 Mar 2017 04:05pm EST 

Exco Resources Inc : EXCO Resources Inc Announces changes to board of directors . EXCO Resources Inc - resignation of Wilbur L. Ross from company's board of directors .EXCO Resources Inc - appointment of Anthony R. Horton and Stephen J. Toy to board.  Full Article

Exco Resources appointed Tyler Farquharson as company's cfo
Thursday, 2 Feb 2017 04:13pm EST 

Exco Resources Inc : Appointed Tyler Farquharson as company's chief financial officer and treasurer .Exco Resources - Farquharson will continue to serve as co's principal financial officer, is to be identified as 'named executive officer' for co's FY 2017.  Full Article

BRIEF-Exco Resources announces changes to board and Pik Debt interest payments

* Exco Resources, Inc. announces changes to board of directors and Pik Debt interest payments