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Concho Resources (CXO) Reports Q1 Loss of $0.05

May 4, 2016 5:16 PM EDT

Concho Resources (NYSE: CXO) reported Q1 EPS of ($0.05), versus $0.36 reported last year. Revenue for the quarter came in at $283.6 million, versus $413.52 million reported last year.

Outlook

For the second quarter of 2016, Concho expects production to average between 138 MBoepd and 142 MBoepd. In addition, Concho updated its full-year 2016 outlook for certain items. The following table summarizes the Company’s current guidance for those items, as compared to the Company’s prior guidance.

Full Year 2016
Prior Current
Annual production growth -5% - 0% 0%

Crude oil differential to NYMEX, excluding commodity derivatives ($/Bbl)

($3.75) - ($4.25)

($3.50) - ($4.00)

Lease operating expense ($/Boe) $7.50 - $8.00 $7.25 - $7.75
Depreciation, depletion and amortization expense ($/Boe) $24.00 - $26.00 $22.00 - $24.00

For earnings history and earnings-related data on Concho Resources (CXO) click here.



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