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Independent natural gas producer EXCO Resources Inc. 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.
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:
Clayton Williams Energy Inc. , with a Zacks Rank #2 (Buy), is likely to release earnings on Mar 8.
Global Partners L.P. (GLP - Free Report) , with a Zacks Rank #2, is likely to release earnings on Mar 9.
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Can EXCO Resources (XCO) Q4 Earnings Surprise?
Independent natural gas producer EXCO Resources Inc. 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. , 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. , with a Zacks Rank #2 (Buy), is likely to release earnings on Mar 8.
Global Partners L.P. (GLP - Free Report) , with a Zacks Rank #2, is likely to release earnings on Mar 9.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>