Concho Resources Inc. Reports Second-Quarter 2019 Results
CONCHO RESOURCES (CXO)
Last concho resources earnings: 4/30 04:02 pm
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US:NYSE Investor Relations:
ir.concho.com/investors/events-and-presentations/default.aspx
Company Research
Source: Business Wire
MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”) today reported financial and operating results for second-quarter 2019.Second-Quarter 2019 HighlightsExceeded second-quarter guidance with production of 329 MBoepd.Delivered strong execution towards full-year 2019 capital program.Reported a net loss of $97 million, or $0.48 per share. Adjusted net income (non-GAAP) totaled $139 million, or $0.69 per share.Generated $717 million of adjusted EBITDAX (non-GAAP).See “Supplemental Non-GAAP Financial Measures” below for descriptions of the above non-GAAP measures as well as a reconciliation of these measures to the associated GAAP (as defined herein) measure.Tim Leach, Chairman and Chief Executive Officer, commented, “The second quarter continued our track record of strong execution as we delivered production, capital investment and operating costs in-line with or better than our targets, highlighting the fundamental strength of our assets and
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