Independent natural gas producer EXCO Resources Inc. XCO is expected to release Q4 results around March 7, 2017.
Factors to Consider This Quarter
The fourth quarter saw natural gas advancing around 25% sequentially. Ending the year at $3.724 per million Btu (MMBtu) – up 59% from 2015 – the heating fuel was buoyed by a cold snap that translated into strong demand.
Moreover, the company’s successful cost-reduction initiatives are expected to cushion the results to a large extent. EXCO Resources’ efforts to improve liquidity and restructure the balance sheet to enhance capital structure are also expected to have a positive impact on the quarterly results.
However, EXCO Resources’ core operational region – the Haynesville shale – has seen a drastic fall in the number of gas rigs employed. Production is likely to suffer as a result.
EXCO Resources NL Price and EPS Surprise
EXCO Resources NL Price and EPS Surprise | EXCO Resources NL Quote
Other Stocks to Report Near-Term
Apart from EXCO Resources, here are some other firms from the energy space that are expected to come out with fourth quarter earnings in the next few days:
Bonanza Creek Energy Inc. BCEI, having a Zacks Rank #2 (Buy), is expected to release earnings results on Mar 6. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clayton Williams Energy Inc. CWEI, with a Zacks Rank #2 (Buy), is likely to release earnings on Mar 8.
Global Partners L.P. GLP, with a Zacks Rank #2, is likely to release earnings on Mar 9.
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