18 July 2019quarterly activities report▼ Bad
CONCHO RESOURCES INC reported quarterly revenue of $1127.0 million and a net loss of $97.0 million for the period ended 2019-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 July 2019substantial holder notice● Neutral
T. ROWE PRICE ASSOCIATES, INC reported a CONCHO RESOURCES INC shareholding of 20,729,900 shares (10.30% of votes) in a periodic institutional filing.
10 July 2019substantial holder notice● Neutral
Capital World Investors ** reported a CONCHO RESOURCES INC shareholding of 10,610,867 shares (5.20% of votes) in a periodic institutional filing.
1 May 2019quarterly activities report▼ Bad
CONCHO RESOURCES INC reported quarterly revenue of $1127.0 million and a net loss of $97.0 million for the period ended 2019-06-30.
30 Apr 2019quarterly activities report▼ Bad
CONCHO RESOURCES INC reported quarterly revenue of $1104.0 million and a net loss of $695.0 million for the period ended 2019-03-31.
1 Apr 2019agm 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).
19 Feb 2019quarterly activities report▼ Bad
CONCHO RESOURCES INC reported quarterly revenue of $1104.0 million and a net loss of $695.0 million for the period ended 2019-03-31.
14 Feb 2019substantial holder notice● Neutral
The Growth Fund of America reported a CONCHO RESOURCES INC shareholding of 19,023,589 shares (9.40% of votes) in a periodic institutional filing.
14 Feb 2019substantial holder notice● Neutral
American Funds Fundamental Investors disclosed a new substantial CONCHO RESOURCES INC shareholding (5.10% of votes).
14 Feb 2019substantial holder notice● Neutral
T. ROWE PRICE ASSOCIATES, INC disclosed a new substantial CONCHO RESOURCES INC shareholding (5.60% of votes).
14 Feb 2019substantial holder notice● Neutral
Capital World Investors ** reported a CONCHO RESOURCES INC shareholding of 23,983,029 shares (11.90% of votes) in a periodic institutional filing.
14 Feb 2019substantial holder notice● Neutral
Capital Research Global Investors ** reported a CONCHO RESOURCES INC shareholding of 21,066,295 shares (10.50% of votes) in a periodic institutional filing.
11 Feb 2019substantial holder notice● Neutral
The Vanguard Group reported a CONCHO RESOURCES INC shareholding of 21,413,863 shares (10.69% of votes) in a periodic institutional filing.
4 Feb 2019substantial holder notice● Neutral
BlackRock, Inc reported a CONCHO RESOURCES INC shareholding of 13,635,329 shares (6.80% of votes) in a periodic institutional filing.
28 Dec 2018securities registration● Neutral
CONCHO RESOURCES INC amended its automatic shelf registration statement.
31 Oct 2018quarterly activities report▼ Bad
CONCHO RESOURCES INC reported quarterly revenue of $1192.0 million and a net loss of $199.0 million for the period ended 2018-09-30.
30 Oct 2018quarterly activities report▼ Bad
CONCHO RESOURCES INC reported quarterly revenue of $1192.0 million and a net loss of $199.0 million for the period ended 2018-09-30.
15 Aug 2018material agreement● Neutral
On August 14, 2018 Concho added RSP Permian, Inc. and RSP Permian, L.L.C. as guarantors of its 4.375% 2025, 3.75% 2027, 4.875% 2047, 4.300% 2028 and 4.850% 2048 notes, and of its credit agreement with JPMorgan. This follows the July RSP merger and extends the debt guarantees to the acquired companies; it adds no new borrowing.
2 Aug 2018quarterly activities report▼ Bad
CONCHO RESOURCES INC reported quarterly revenue of $1192.0 million and a net loss of $199.0 million for the period ended 2018-09-30.
1 Aug 2018quarterly activities report▼ Bad
CONCHO RESOURCES INC reported quarterly revenue of $1192.0 million and a net loss of $199.0 million for the period ended 2018-09-30.
19 July 2018asset acquisition disposition▲ GoodMajor
On July 19, 2018 Concho completed its acquisition of RSP Permian, which now is a wholly-owned subsidiary; each RSP share became 0.320 of a Concho share, and Concho expects to issue about 51 million shares. Former RSP CEO Steven Gray joined Concho's board, as the merger agreement required. The press release says the bond proceeds were used to redeem RSP's 2022 and 2025 notes (about $1.2 billion) and part of RSP's credit facility, with the rest of that facility repaid from Concho's own credit facility; this closes the RSP merger thread opened in March 2018. Existing Concho holders are diluted by the new shares issued to RSP holders.
2 July 2018debt financing● NeutralMajor
On July 2, 2018 Concho closed the $1,600 million bond sale: $1,000 million of 4.300% notes due August 15, 2028 and $600 million of 4.850% notes due August 15, 2048. Both are unsecured and guaranteed by certain subsidiaries, with interest starting February 15, 2019 and a 101% buy-back right for holders on a change of control. This confirms the closing left open in the June 14 and 15 filings.
15 June 2018securities registration● Neutral
CONCHO RESOURCES INC filed a prospectus supplement for an offering off its existing shelf.
15 June 2018material agreement● NeutralMajor
On June 14, 2018 Concho signed the underwriting agreement for the $1,600 million bond sale priced that day ($1,000 million 4.300% notes due 2028 and $600 million 4.850% notes due 2048), with closing expected July 2, 2018. After the RSP merger closes, Concho says it intends to use the proceeds to redeem RSP's 6.625% 2022 and 5.25% 2025 notes (about $1.2 billion) and repay part of RSP's credit facility ($445 million outstanding at March 31, 2018); this answers the earlier open question on use of proceeds. If the RSP deal is not completed by December 31, 2018 or is terminated, Concho must redeem all the new notes at 101% of principal plus accrued interest.
14 June 2018securities registration● Neutral
CONCHO RESOURCES INC filed a prospectus supplement for an offering off its existing shelf.
14 June 2018business combination● NeutralMajor
On June 14, 2018 Concho priced a new bond sale of $1,000 million of 4.300% notes due 2028 (issued at 99.660% of par) and $600 million of 4.850% notes due 2048 (issued at 99.740% of par), guaranteed by certain subsidiaries. The filing also says the RSP merger registration statement was declared effective June 6, 2018 and the joint proxy was mailed from about June 12. The filing does not state what the bond proceeds will be used for; any link to the RSP deal would be an inference.
14 June 2018securities registration● Neutral
CONCHO RESOURCES INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
14 June 2018securities registration● Neutral
CONCHO RESOURCES INC filed a free-writing prospectus - marketing material for an offering in progress.
8 June 2018substantial holder notice● Neutral
Capital World Investors ** reported a CONCHO RESOURCES INC shareholding of 19,528,695 shares (13.10% of votes) in a periodic institutional filing.
7 June 2018securities registration● Neutral
CONCHO RESOURCES INC filed the final prospectus for a registered offering.