Concho Resources (CXO) Tops Q3 EPS by 35c
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Concho Resources Inc. Reports Third-Quarter 2018 Results
October 30, 2018 4:10 PM EDTExceeds 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