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Range Resources Corporation (RRC) - $25 value - yours FREE >>
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Can EXCO Resources (XCO) Q2 Earnings Surprise?
Independent natural gas producer EXCO Resources Inc. is expected to release its second-quarter 2017 results around Tuesday, Aug 1.
Factors to Consider This Quarter
With natural gas prices averaging higher than the second quarter of 2016, EXCO’s earnings and cash flows are expected to improve from their year-earlier levels.
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.
Share Performance
Shares of EXCO Resources have lost 71.5% during the second quarter, underperforming the industry's 16.9% decrease.
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 second quarter earnings in the next few days:
Range Resources Corp. (RRC - Free Report) , having a Zacks Rank #1 (Strong Buy), is expected to release earnings results on Aug 1. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
TransCanada Corp. (TRP - Free Report) , with a Zacks Rank #1, is likely to release earnings on Jul 28.
Pembina Pipeline Corp. (PBA - Free Report) , with a Zacks Rank #1, is likely to release earnings on Aug 1.
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