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EXCO RESOURCES INC

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2018 10-K, filed Mar 18, 2019. Its latest SEC filing is a 10-K/A from Apr 30, 2019.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Produces oil and natural gas from onshore shale properties and sells them to oil purchasers, refiners and natural gas marketing companies.

How Did They Make Money?

FY2018 revenue

Who Were Their Customers?

Sells oil to purchasers and refiners near its producing properties, and natural gas mainly to natural gas marketing companies; sales are arranged through negotiated contracts.

Did Revenues Turn Into Profits?

No. It lost $182.7M in FY2018.

Operating income, FY2018
65% of revenue
▲ Now profitable vs FY2017 (−$40.6M, −14%)
Net income, FY2018
−46% of revenue
▼ Now a loss vs FY2017 ($24.4M, 9%)

How Were They Changing?

Shrank. Revenue fell 43% in 4 years, from $695.9M in FY2014 to $394M in FY2018, about 13% a year.

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