EXCO Resources Loss Widens, Misses Estimate - Quick Facts

(RTTNews.com) - EXCO Resources Inc. ( XCO ) Wednesday reported fourth-quarter net loss of $269 million or $1.25 per share, compared to net loss of $166.6 million or $0.78 per share last year.

Results for the reporting quarter included a $324 million pre-tax non-cash ceiling test write-down of oil and natural gas properties.

Excluding items, adjusted earnings for the quarter were $36 million or $0.17 per share, compared with $19 million or $0.09 per share a year ago.

Revenues for the quarter were $152 million, compared with $179 million a year ago.

Analysts polled by Thomson Reuters estimated earnings of $0.16 per share on revenues of $182.32 million for the quarter. Analysts' estimates typically exclude special items.

During the quarter, average sales price per Mcfe decreased to $3.47 per Mcfe from $3.49 in the prior year.

Oil, natural gas and NGL production was 44 Bcfe, or 477 Mmcfe per day, for the quarter, compared with 556 Mmcfe per day a year ago, reflecting the impacts of reduced drilling program.

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