Concho Resources (CXO) Tops Q3 EPS by 35c

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Go back to Concho Resources (CXO) Tops Q3 EPS by 35c

Concho Resources Inc. Reports Third-Quarter 2018 Results

October 30, 2018 4:10 PM EDT

Exceeds Production Guidance

Provides Outlook for 2019 and 2020

Announces Plan to Initiate Dividend

MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) (the Company or Concho) today reported third-quarter 2018 results.

Highlights

Achieved production of 287 MBoepd, exceeding the high end of the Companys guidance range. Delivered crude oil production of 185 MBopd. Generated cash flow from operating activities greater than capital expenditures, excluding acquisitions, year-to-date. Recorded a net loss of $199 million, or $1.05 per... More