8 Aug 2013quarterly activities report● Neutral
CONCHO RESOURCES INC reported a quarterly net income of $30.4 million for the period ended 2013-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Aug 2013quarterly activities report● Neutral
CONCHO RESOURCES INC reported a quarterly net income of $30.4 million for the period ended 2013-09-30.
6 Aug 2013director interest notice● Neutral
CONCHO RESOURCES INC Senior VP & CFO Darin G Holderness had 714 shares withheld for taxes on vesting stock.
3 July 2013quarterly activities report● Neutral
CONCHO RESOURCES INC reported a quarterly net income of $84.7 million for the period ended 2013-06-30.
2 July 2013director interest notice● Neutral
CONCHO RESOURCES INC VP and CAO Schroer Brenda R received 4,855 shares as part of the equity award.
2 July 2013director interest notice● Neutral
Schroer Brenda R became a CONCHO RESOURCES INC VP and CAO and company insider (initial ownership filing).
7 June 2013agm notice● Neutral
CONCHO RESOURCES INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
6 June 2013material agreement▲ Good
The extra $850 million of 5.5% notes due 2023 closed on June 4, 2013, and part of the proceeds paid for the tender offer. Holders of about $225.6 million (roughly 75.2%) of the 8.625% notes due 2017 tendered and consented, so the company signed an Eighth Supplemental Indenture removing most covenants and some default events on the remaining 2017 notes and shortening the redemption notice to three business days. About $74.4 million of the $300 million, by simple subtraction, was not tendered by the consent deadline.
28 May 2013director interest notice● Neutral
CONCHO RESOURCES INC insider Tabor A Wellford bought 2,000 shares on the open market.
22 May 2013debt financing▲ GoodMajor
Concho agreed on May 20, 2013 to sell an extra $850 million of its 5.5% Senior Notes due 2023 (on top of the $700 million issued in August 2012), priced at 103.750% of face for a yield to worst of 4.884%; closing is expected June 4, 2013. The proceeds are to fund a tender offer for all of the $300 million 8.625% notes due 2017, with any not tendered intended (not required) to be redeemed. This is the first filing to state a use of proceeds for a note offering, and it swaps higher-interest debt for lower-interest debt. The filing also says some underwriter affiliates that lend under the credit facility will receive part of the proceeds.
21 May 2013securities registration● Neutral
CONCHO RESOURCES INC filed the final prospectus for a registered offering.
21 May 2013securities registration● Neutral
CONCHO RESOURCES INC filed a free-writing prospectus - marketing material for an offering in progress.
20 May 2013securities registration● Neutral
CONCHO RESOURCES INC filed the final prospectus for a registered offering.
2 May 2013quarterly activities report● Neutral
CONCHO RESOURCES INC reported a quarterly net income of $84.7 million for the period ended 2013-06-30.
2 May 2013quarterly activities report● Neutral
CONCHO RESOURCES INC reported a quarterly net income of $84.7 million for the period ended 2013-06-30.
23 Apr 2013agm notice● Neutral
CONCHO RESOURCES INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
17 Apr 2013debt financing● NeutralMajor
Concho amended its credit agreement again (Eleventh Amendment, April 15, 2013): the $4.0 billion cap on unsecured notes and the borrowing-base cut for later note issues are removed. It also allows restricted payments up to $250 million plus 50% of net income and 66 2/3% of new stock proceeds from January 1, 2013, and loosens hedging limits. The $3.0 billion borrowing base and $2.5 billion commitments were kept.
18 Mar 2013director interest notice● Neutral
CONCHO RESOURCES INC insider Tucker S Bridwell sold 3,000 shares at $96.02.
15 Mar 2013director interest notice● Neutral
CONCHO RESOURCES INC Senior VP & CFO Darin G Holderness exercised stock options for 3,272 shares and disposed of 6,544 shares.
12 Mar 2013director interest notice● Neutral
CONCHO RESOURCES INC Senior VP of Exploration Hyde Matthew Glover sold 6,737 shares.
7 Mar 2013director interest notice● Neutral
CONCHO RESOURCES INC Chairman, CEO and President Timothy A Leach exercised stock options for 96,800 shares and disposed of 193,600 shares.
28 Feb 2013director interest notice● Neutral
CONCHO RESOURCES INC SVP & Chief Operating Officer Wright E Joseph had 1,029 shares withheld for taxes on vesting stock.
28 Feb 2013director interest notice● Neutral
CONCHO RESOURCES INC Senior VP & CFO Darin G Holderness had 772 shares withheld for taxes on vesting stock.
28 Feb 2013director interest notice● Neutral
CONCHO RESOURCES INC Chairman, CEO and President Timothy A Leach had 2,571 shares withheld for taxes on vesting stock.
28 Feb 2013director interest notice● Neutral
CONCHO RESOURCES INC Senior VP of Exploration Hyde Matthew Glover had 1,029 shares withheld for taxes on vesting stock.
25 Feb 2013director interest notice● Neutral
CONCHO RESOURCES INC Senior VP & CFO Darin G Holderness had 1,802 shares withheld for taxes on vesting stock.
25 Feb 2013director interest notice● Neutral
CONCHO RESOURCES INC SVP & Chief Operating Officer Wright E Joseph had 3,649 shares withheld for taxes on vesting stock.
25 Feb 2013director interest notice● Neutral
CONCHO RESOURCES INC Chairman, CEO and President Timothy A Leach had 11,530 shares withheld for taxes on vesting stock.
25 Feb 2013director interest notice● Neutral
CONCHO RESOURCES INC Senior VP of Exploration Hyde Matthew Glover had 2,285 shares withheld for taxes on vesting stock.
25 Feb 2013director interest notice● Neutral
CONCHO RESOURCES INC Sr. VP, Gen. Counsel & Secy. Giraud C William had 1,414 shares withheld for taxes on vesting stock.