EXCO Resources, Inc. Reports First Quarter 2016 Results
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EXCO Resources (XCO) Tops Q1 EPS by 5c; Updates on Strategic Plan
May 3, 2016 4:47 PM EDTEXCO Resources (NYSE: XCO) reported Q1 EPS of ($0.07), $0.05 better than the analyst estimate of ($0.12).
Strategic plan update
EXCO's strategic plan continues to focus on the following three core objectives: 1) restructuring the balance sheet to enhance its capital structure and extend structural liquidity, 2) transforming EXCO into the lowest cost producer, and 3) optimizing and repositioning its portfolio. The three core objectives and the Company's recent progress are detailed below:
Restructuring the balance sheet to enhance its capital structure and extend structural liquidity - The Company is focused on... More