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RSP Permian Inc (RSPP.N)

RSPP.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Concho Resources To Acquire RSP Permian In All-Stock Transaction
Wednesday, 28 Mar 2018 06:01am EDT 

March 28 (Reuters) - Concho Resources Inc ::CONCHO RESOURCES INC. TO ACQUIRE RSP PERMIAN, INC. IN ALL-STOCK TRANSACTION.CONCHO RESOURCES INC - DEAL FOR ALL-STOCK TRANSACTION VALUED AT APPROXIMATELY $9.5 BILLION.CONCHO RESOURCES INC - ‍CONSIDERATION WILL CONSIST OF 0.320 SHARES OF CONCHO COMMON STOCK FOR EACH SHARE OF RSP COMMON STOCK​.CONCHO RESOURCES INC - ‍TRANSACTION WAS UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF EACH COMPANY​.CONCHO RESOURCES INC - SEES DEAL TO BE IMMEDIATELY ACCRETIVE TO KEY PER-SHARE METRICS.CONCHO RESOURCES INC - ‍UPON CLOSING, CONCHO'S BOARD WILL BE EXPANDED TO 11 DIRECTORS, TO INCLUDE ONE INDEPENDENT MEMBER OF RSP BOARD​.CONCHO RESOURCES INC - ‍AS PART OF DEAL, CO EXPECTS TO REALIZE OVER $60 MILLION IN ANNUAL CORPORATE LEVEL SAVINGS​.CONCHO RESOURCES INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE IN FIRST YEAR TO CONCHO'S KEY PER-SHARE METRICS.CONCHO RESOURCES INC - DEAL WILL ADD ABOUT 92,000 NET ACRES THAT COMPLEMENT CONCHO'S EXISTING ACREAGE POSITION IN PERMIAN BASIN​.CONCHO RESOURCES INC - CONSIDERATION TO EACH RSP SHAREHOLDER TO BE $50.24 PER SHARE.CONCHO RESOURCES INC - ‍TRANSACTION ADDS 2.2 BILLION BOE OF RESOURCE POTENTIAL​.CONCHO RESOURCES INC - ‍CONCHO SHAREHOLDERS WILL OWN ABOUT 74.5% OF COMBINED CO, AND RSP SHAREHOLDERS WILL OWN ABOUT 25.5%​.CONCHO RESOURCES - TO ACQUIRE RSP IN AN ALL-STOCK TRANSACTION VALUED AT ABOUT $9.5 BILLION, INCLUSIVE OF RSP'S NET DEBT.  Full Article

RSP Permian Inc Q4 Earnings Per Share $0.89
Tuesday, 27 Feb 2018 04:15pm EST 

Feb 27 (Reuters) - RSP Permian Inc ::RSP PERMIAN, INC. ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2017 FINANCIAL AND OPERATING RESULTS, YEAR-END 2017 PROVED RESERVES AND 2018 GUIDANCE.Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.32.Q4 EARNINGS PER SHARE $0.89.‍4Q17 PRODUCTION INCREASED 74% TO 62.4 MBOE/D (71% OIL, 88% LIQUIDS) COMPARED TO 4Q16​.SEES ‍AVERAGE NET DAILY PRODUCTION RANGE OF 72.0 - 78.0 MBOE/D IN 2018, A 30% - 41% INCREASE OVER 2017​.‍EXPECTING 30%-PLUS ANNUAL PRODUCTION GROWTH IN 2019 AND 2020 WITH SUBSTANTIAL FREE CASH FLOW GENERATED AT A $50 OIL PRICE​.RSP PERMIAN - EXPECT TO GENERATE CASH FLOW IN EXCESS OF DEVELOPMENT SPENDING BY Q4 OF 2018 WHILE GROWING PRODUCTION 35% AT MID-POINT OF GUIDANCE​.  Full Article

RSP Permian posts Q3 adjusted earnings per share $0.18
Monday, 6 Nov 2017 04:35pm EST 

Nov 6 (Reuters) - RSP Permian Inc :RSP Permian Inc announces third quarter 2017 financial and operating results.Q3 adjusted earnings per share $0.18.Q3 earnings per share $0.14.Q3 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.RSP Permian Inc qtrly ‍production increased 98 pct to 58.9 mboe/d​.RSP Permian Inc - ‍on track to deliver on 2017 guidance​.  Full Article

RSP Permian enters into first amendment to credit agreement
Monday, 23 Oct 2017 04:54pm EDT 

Oct 23 (Reuters) - RSP Permian Inc :RSP Permian Inc - ‍on October 19, entered into a first amendment to certain credit agreement dated as of December 19, 2016​.RSP Permian Inc says credit agreement​ amendment ‍increased borrowing base under credit agreement from $1.10 billion to $1.50 billion - sec filing.  Full Article

RSP Permian Q2 earnings per share $0.20
Monday, 7 Aug 2017 04:14pm EDT 

Aug 7 (Reuters) - RSP Permian Inc :RSP Permian Inc announces second quarter 2017 financial and operating results.Q2 adjusted earnings per share $0.17.Q2 earnings per share $0.20.Q2 earnings per share view $0.15 -- Thomson Reuters I/B/E/S.Qtrly production increased 106% to 54.3 mboe/d (72% oil, 88% liquids), compared to 2q16 and increased 20% compared to 1q17.Q2 earnings per share view $0.15, revenue view $186.1 million -- Thomson Reuters I/B/E/S.  Full Article

RSP Permian says offering of 15 mln shares to give proceeds of about $585 mln
Thursday, 18 May 2017 10:19pm EDT 

May 18 (Reuters) - RSP Permian Inc :RSP Permian, Inc. announces pricing of secondary public offering of common stock.Says offering 15.0 million common shares.Expected gross proceeds of approximately $585 million.  Full Article

RSP Permian files for offering of up to 27.9 mln shares
Thursday, 18 May 2017 04:26pm EDT 

May 18 (Reuters) - Rsp Permian Inc :Rsp Permian Inc files for offering of up to 27.9 million shares of co's common stock by selling stockholders - SEC filing.  Full Article

RSP Permian announces secondary public offering of common stock
Thursday, 18 May 2017 04:08pm EDT 

May 18 (Reuters) - Rsp Permian Inc :Announces secondary public offering of common stock.Says secondary offering 15.0 million common shares.  Full Article

RSP Permian Q1 earnings per share $0.26
Tuesday, 2 May 2017 04:59pm EDT 

May 2 (Reuters) - RSP Permian Inc :RSP Permian announces first quarter 2017 financial and operating results.Q1 adjusted earnings per share $0.16.Q1 earnings per share $0.26.Q1 earnings per share view $0.14 -- Thomson Reuters I/B/E/S.Qtrly production increased 84% to 45.2 mboe/d.Qtrly production increased 84% to 45.2 mboe/d (75% oil, 88% liquids), compared to 1q16.Operated four horizontal rigs in midland basin during majority of q1 of 2017, adding a fourth rig in january.Sees 2017 average daily production 53,000 - 57,000 boe/d.Qtrly total revenues $ 169.9 million versus $55.8 million.Sees 2017 total development capital expenditures $625 million - $700 million.  Full Article

Rsp Permian Q4 adjusted EPS $0.10
Monday, 27 Feb 2017 04:34pm EST 

Rsp Permian Inc : Rsp permian, inc. Announces fourth quarter and year-end 2016 financial and operating results, year-end 2016 proved reserves, 2017 guidance and 2018 and 2019 production outlook . Q4 adjusted earnings per share $0.10 . Q4 earnings per share $0.01 . Q4 earnings per share view $0.05 -- Thomson Reuters I/B/E/S . Rsp permian inc - 4q16 production increased 48% to 35.8 mboe/d (71% oil, 88% liquids), compared to 4q15 . Rsp permian inc sees average net daily production range of 53.0 - 57.0 mboe/d in 2017 . Rsp permian inc sees 2017 development capital expenditure range of $625 - $700 million . Rsp permian inc- qtrly total revenues $ 122.93 million versus $73.50 million .Q4 earnings per share view $0.05, revenue view $123.3 million -- Thomson Reuters I/B/E/S.  Full Article

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U.S. shale producer Concho offers $8 billion for rival RSP Permian

U.S. shale producer Concho Resources Inc on Wednesday agreed to buy rival RSP Permian Inc in an $8 billion all-stock deal that could trigger a wave of consolidation in the fast-growing Permian Basin oilfield.