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Concho Resources Inc (CXO.N)

CXO.N on New York Stock Exchange

101.62USD
19 Jul 2019
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$2.78 (+2.81%)
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Latest Key Developments (Source: Significant Developments)

Concho Resources Inc. Q1 Loss Per Share $3.49
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Concho Resources Inc ::. REPORTS FIRST-QUARTER 2019 RESULTS.Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.72.Q1 LOSS PER SHARE $3.49.Q1 EARNINGS PER SHARE ESTIMATE $0.76 -- REFINITIV IBES DATA.RAISES FULL-YEAR 2019 PRODUCTION GROWTH OUTLOOK.RAISES FULL-YEAR 2019 PRODUCTION GROWTH OUTLOOK.MAINTAINS CAPITAL EXPENDITURE PLANS.ACHIEVED QTRLY OIL PRODUCTION OF 210 MBOPD, A 46% INCREASE OVER FIRST-QUARTER 2018.DELIVERED TOTAL PRODUCTION OF 328 MBOEPD IN QUARTER.SECOND-QUARTER 2019 PRODUCTION IS EXPECTED TO BE 316 MBOEPD TO 322 MBOEPD..INCREASED FULL-YEAR 2019 TOTAL PRODUCTION GROWTH GUIDANCE TO 23% TO 27%.INCREASED FULL-YEAR 2019 OIL PRODUCTION GROWTH GUIDANCE TO 27% TO 31%..  Full Article

Concho Resources Sets Quarterly Dividend Of $0.125 Per Share
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Concho Resources Inc ::SETS QUARTERLY DIVIDEND OF $0.125PER SHARE.  Full Article

Concho Resources Q4 Earnings Per Share $7.55
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Concho Resources Inc ::. REPORTS FOURTH-QUARTER AND FULL-YEAR 2018 RESULTS; UPDATES 2019 OUTLOOK.Q4 EARNINGS PER SHARE $7.55.Q4 ADJUSTED EARNINGS PER SHARE $0.94 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE ESTIMATE $1.13 -- REFINITIV IBES DATA.REDUCING 2019 PLANNED CAPITAL EXPENDITURES TO APPROXIMATELY $2.9 BILLION.EXPECTING TO GENERATE 15% OIL VOLUME GROWTH FROM FOURTH-QUARTER 2018 TO FOURTH-QUARTER 2019.FOR FIRST-QUARTER 2019, EXPECTS PRODUCTION TO AVERAGE BETWEEN 300 MBOEPD AND 306 MBOEPD.EXPECTS CAPITAL EXPENDITURES TO TOTAL BETWEEN $825 MILLION AND $875 MILLION FOR Q1.  Full Article

Concho Resources Says Brenda Schroer Has Been Appointed CFO, Effective Immediately
Thursday, 3 Jan 2019 

Jan 3 (Reuters) - Concho Resources Inc ::CONCHO RESOURCES INC. ANNOUNCES NEW LEADERSHIP APPOINTMENTS.CONCHO RESOURCES INC - BRENDA SCHROER HAS BEEN APPOINTED SENIOR VICE PRESIDENT, CFO AND TREASURER, EFFECTIVE IMMEDIATELY.CONCHO RESOURCES INC - SCHROER ASSUMES CFO ROLE FROM JACK HARPER, WHO WILL CONTINUE TO SERVE AS CO'S PRESIDENT.  Full Article

Concho Resources To Acquire RSP Permian In All-Stock Transaction
Wednesday, 28 Mar 2018 

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

Concho Expects Q1 2018 Production To Average Between 215 MBoepd And 219 MBoepd
Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - Concho Resources Inc ::. REPORTS FOURTH-QUARTER AND FULL-YEAR 2017 RESULTS AND PROVIDES 2018 OUTLOOK.Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.66 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $1.79.PROVIDES NEW LONG-TERM GROWTH OUTLOOK TO 2020.PRODUCTION FOR Q4 2017 WAS 19 MMBOE, AN INCREASE OF APPROXIMATELY 28% FROM Q4 2016.CONCHO RESOURCES - ‍FOR 2018, EXPECTING CRUDE OIL PRODUCTION GROWTH OF ABOUT 20% & PRODUCTION GROWTH OF 16% -20% ON $2 BILLION CAPITAL PROGRAM AT MIDPOINT​.Q4 AVERAGE DAILY CRUDE OIL PRODUCTION TOTALED 130 MBOPD, AN INCREASE OF APPROXIMATELY 30% FROM Q4 2016.CONCHO RESOURCES - ‍PROVIDED 3-YEAR PRODUCTION GROWTH OUTLOOK OF 20% CAGR OVER 2017 TO 2020 TIME PERIOD​.CONCHO RESOURCES - ‍AT DEC 31, 2017, CO'S ESTIMATED PROVED RESERVES TOTALED 840 MMBOE, INCREASE OF 17% FROM YEAR-END 2016​.QTRLY TOTAL OPERATING REVENUES $780 MILLION VERSUS $525 MILLION.CONCHO RESOURCES - ‍FOR 2018, CO HAS CRUDE OIL SWAP CONTRACTS COVERING ABOUT 105 MBOPD AT WEIGHTED AVERAGE PRICE OF $52.98 PER BBL​.FOR Q1 OF 2018, CONCHO EXPECTS PRODUCTION TO AVERAGE BETWEEN 215 MBOEPD AND 219 MBOEPD.SEES 2018 CAPITAL PROGRAM OF $1.9 BILLION TO $2.1 BILLION.  Full Article

Concho Resources posts Q3 adj. earnings per share $0.45
Tuesday, 31 Oct 2017 

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 

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 

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 

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

UPDATE 1-U.S. shale firms put up $16.5 mln to build West Texas charter schools

HOUSTON, July 12 Twenty top U.S. energy companies agreed to contribute $16.5 million to open new schools in West Texas, where an influx of oil and gas workers have strained schools, roads and other civic services.