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Concho Resources Inc (CXO.N)

CXO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Concho Resources posts Q3 adj. earnings per share $0.45
Tuesday, 31 Oct 2017 04:05pm EDT 

Oct 31 (Reuters) - Concho Resources Inc :Concho Resources Inc reports third quarter 2017 results.Q3 adjusted non-GAAP earnings per share $0.45.Q3 loss per share $0.77.Q3 earnings per share view $0.27 -- Thomson Reuters I/B/E/S.Expects production to average approximately 200 mboepd to 204 mboepd, with a 62 pct oil mix, in the fourth quarter of 2017‍​.Concho Resources Inc - ‍crude oil production for Q3 of 2017 totaled 119.6 thousand barrels per day (mbopd), an increase of approximately 31 pct from Q3 of 2016​.Concho Resources - for Q4, co expects oil & natural gas production expense to be at high end of the guidance range of $5.50 per boe to $6.00 per boe‍​.Production for Q3 averaged 193.2 thousand boe per day (mboepd), an increase of about 26 pct from the third quarter of 2016‍​.Qtrly total operating revenues $627 million versus $430 million.  Full Article

CONCHO RESOURCES ANNOUNCES PRICING OF SENIOR UNSECURED NOTES
Wednesday, 13 Sep 2017 04:32pm EDT 

Sept 13 (Reuters) - Concho Resources Inc ::CONCHO RESOURCES INC. ANNOUNCES PRICING OF SENIOR UNSECURED NOTES.CONCHO RESOURCES INC - ‍PRICED AN OFFERING OF A TOTAL OF $1,800 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES​.CONCHO RESOURCES INC - ‍2027 NOTES WILL BEAR INTEREST AT A RATE OF 3.750% PER ANNUM AND WILL BE ISSUED AT 99.636% OF PAR​.CONCHO RESOURCES INC - ‍2047 NOTES WILL BEAR INTEREST AT A RATE OF 4.875% PER ANNUM AND WILL BE ISSUED AT 99.749% OF PAR​.CONCHO RESOURCES INC - ‍PRICED AN OFFERING CONSISTING OF $1,000 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES DUE 2027​.CONCHO RESOURCES INC - ‍PRICED AN OFFERING ALSO CONSISTING OF $800 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES DUE 2047​.  Full Article

Concho Resources announces proposed offering of senior unsecured notes
Wednesday, 13 Sep 2017 08:39am EDT 

Sept 13 (Reuters) - Concho Resources Inc :Concho Resources announces proposed offering of senior unsecured notes.Concho Resources Inc - ‍intends to publicly offer two new series of its senior unsecured notes, one of which will mature in 2027 and other in 2047​.Concho Resources - ‍ intends to use proceeds, among others, to fund purchase of its 5.5% senior notes due 2022, 5.5% senior notes due 2023​.  Full Article

Concho Resources Q2 adj earnings per share $0.52
Wednesday, 2 Aug 2017 04:05pm EDT 

Aug 2 (Reuters) - Concho Resources Inc ::Concho Resources Inc. Reports second quarter 2017 results.Q2 adjusted non-gaap earnings per share $0.52.Q2 earnings per share $1.02.Q2 earnings per share view $0.43 -- Thomson Reuters I/B/E/S.Concho Resources Inc says increased qtrly production 27% year-over-year to 184.7 mboepd.Concho Resources Inc - raised annual production growth outlook to a midpoint of 25 pct and expect oil production to increase by more than 25 pct.Concho Resources Inc - full-year 2017 capital expenditures, excluding acquisitions, tracking midpoint of guidance range of $1.6 billion to $1.8 billion.Q2 earnings per share view $0.43 -- Thomson Reuters I/B/E/S.  Full Article

Concho Resources entered second amendment to its second amended and restated credit agreement
Thursday, 13 Apr 2017 06:29am EDT 

Concho Resources Inc : Concho Resources - on April 12, Concho Resources entered second amendment to its second amended and restated credit agreement dated as of May 9, 2014 . Concho Resources - second amendment to credit agreement extends maturity date of company's credit facility from May 9, 2019 to May 9, 2022 . Concho Resources - second amendment increases co's current borrowing base under second amended and restated credit agreement from $2.8 billion to $3.0 billion .Second amendment also decreases aggregate amount of lender commitments from $2.5 billion to $2.0 billion.  Full Article

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