Key Developments: EXCO Resources Inc (XCO.N)

XCO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

EXCO Resources Inc Declares Quarterly Cash Dividend
Wednesday, 11 Sep 2013 04:18pm EDT 

EXCO Resources Inc announced that its Board of Directors declared a third quarter cash dividend of $0.05 per share. The dividend is payable on September 30, 2013 to holders of record on September 23, 2013.  Full Article

EXCO Resources Inc Raises FY 2013 EBITDA Guidance
Tuesday, 10 Sep 2013 05:00am EDT 

EXCO Resources Inc raised fiscal 2013 EBITDA guidance and expects adjusted EBITDA guidance from approximately $435 million to approximately $450 million. EXCO’s fiscal 2013 guidance was initially $296 million, which was raised to $341 million with the March quarter earnings release, and subsequently increased to $435 million with the June quarter in connection with the recently announced Eagle Ford and Haynesville acquisitions. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBITDA of $437 million for fiscal 2013.  Full Article

EXCO Resources Inc Announces Closing Of Eagle Ford Acquisition
Wednesday, 31 Jul 2013 04:50pm EDT 

EXCO Resources Inc announced that it has closed its previously announced acquisition of producing and undeveloped oil and gas assets in the Eagle Ford shale formation (Eagle Ford) from subsidiaries of Chesapeake Energy Corporation for total consideration of approximately $685 million in cash, subject to customary post-closing purchase price adjustments. The acquisition had an effective date of April 1, 2013.  Full Article

EXCO Resources Inc Announces Closing of Haynesville Acquisition
Friday, 12 Jul 2013 11:19am EDT 

EXCO Resources Inc announced that it has closed its previously announced acquisition of producing and undeveloped oil and gas assets in the Haynesville shale formation (Haynesville) from subsidiaries of Chesapeake Energy Corporation for total consideration of approximately $288 million in cash, subject to customary post-closing purchase price adjustments. The acquisition had an effective date of January 1, 2013. EXCO financed the Haynesville acquisition under the Company`s existing credit agreement. The Haynesville acquisition is subject to an affiliate of BG Group plc.`s preferential right to acquire 50% of the Haynesville properties.  Full Article

EXCO Resources Inc Announces $1 Billion Acquisition Of Eagle Ford And Haynesville Assets
Wednesday, 3 Jul 2013 07:01am EDT 

EXCO Resources, Inc. announced that it has entered into definitive agreements to acquire producing and undeveloped oil and gas assets in the Eagle Ford and Haynesville shale formations ("Eagle Ford" and "Haynesville", respectively) for an aggregate purchase price of approximately $1 billion, subject to closing adjustments and customary terms and conditions, from subsidiaries of Chesapeake Energy Corporation.  Full Article

EXCO Resources Inc Declares Quarterly Cash Dividend
Thursday, 30 May 2013 04:47pm EDT 

EXCO Resources Inc announced that Board of Directors declared a first quarter cash dividend of $0.05 per share. The dividend is payable on June 28, 2013 to holders of record on June 14, 2013.  Full Article

EXCO Resources Inc Announces Senior Management And Board Changes
Monday, 4 Mar 2013 09:00am EST 

EXCO Resources Inc announced that Mr. Smith retired from his duties as EXCO`s President effective February 28, 2013 and will retire from his duties as EXCO`s Chief Financial Officer (CFO) effective April 1, 2013. Following his retirement, Mr. Smith will continue to serve as a consultant to EXCO until June 1, 2016 and will remain on the Board of Directors of the recently announced partnership with Harbinger Group Inc. Effective February 28, 2013, Harold L. Hickey, EXCO`s Vice President and Chief Operating Officer, has been appointed to replace Mr. Smith as EXCO`s President and will remain EXCO's Chief Operating Officer. Effective April 1, 2013, Mark Mulhern, EXCO`s former Chairman of the Audit Committee, has been appointed to replace Mr. Smith as EXCO`s CFO. Mr. Mulhern previously served as CFO and Senior Vice President of Progress Energy, Inc. and managed its financial services group until July 2012.  Full Article

EXCO Resources Inc Announces Quarterly Dividend
Friday, 1 Mar 2013 09:00am EST 

EXCO Resources Inc announced that Board of Directors declared a first quarter cash dividend of $0.05 per share, which represents a 25% increase compared to last quarter's dividend. The dividend is payable on March 29, 2013 to holders of record on March 15, 2013.  Full Article

EXCO Resources Inc Issues FY 2013 Quarterly EBITDA Guidance-Conference Call
Thursday, 21 Feb 2013 10:00am EST 

EXCO Resources Inc announced that for fiscal 2013, it expects adjusted EBITDA at around $70 million per quarter.  Full Article

EXCO Resources Inc Declares Quarterly Cash Dividend
Wednesday, 28 Nov 2012 04:09pm EST 

EXCO Resources Inc announced that Board of Directors declared a fourth quarter cash dividend of $0.04 per share. The dividend is payable on December 28, 2012 to holders of record on December 14, 2012.  Full Article

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