EXCO Resources, Inc. Reports Third Quarter 2017 Results
EXCO RESOURCES (XCO)
US:NYSE Investor Relations:
ir.excoresources.com
Company Research
Source: Business Wire
DALLAS--(BUSINESS WIRE)-- EXCO Resources, Inc. (NYSE: XCO) ("EXCO" or the "Company") today announced operating and financial results for third quarter 2017. 2017 Third Quarter Highlights Drilled 11 gross (6.5 net) horizontal wells in North Louisiana during third quarter 2017. Produced 237 Mmcfe per day, or 22 Bcfe, for third quarter 2017, a decrease of 4% compared to second quarter 2017, primarily due to natural production declines. GAAP net loss was $19 million, or $0.81 per diluted share, and Adjusted net loss, a non-GAAP measure, was $21 million, or $0.91 per diluted share, for third quarter 2017. Adjusted EBITDA, a non-GAAP measure, was $10 million for third quarter 2017. Liquidity was $106 million as of September 30, 2017. Borrowed remaining unused commitments and had no availability remaining under the
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