Concho Resources Inc. Reports Third Quarter 2015 Results

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Go back to Concho Resources Inc. Reports Third Quarter 2015 Results

Concho Resources (CXO) Tops Q3 EPS by 9c, Offers Outlook

November 4, 2015 5:01 PM EST

Concho Resources (NYSE: CXO) reported Q3 EPS of $0.33, $0.09 better than the analyst estimate of $0.24.

Outlook

Fourth Quarter and Full Year 2015

For the fourth quarter of 2015, the Company expects production to average between 139 MBoepd and 143 MBoepd.

The Company currently expects its full-year 2015 capital budget, excluding acquisitions, to be approximately $1.9 billion, consisting of $1.7 billion for drilling and completion operations, including non-consents, and... More