4 Jan 2017director interest notice● Neutral
CONCHO RESOURCES INC insider William H Easter III received 1,422 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Jan 2017director interest notice● Neutral
CONCHO RESOURCES INC insider Mark B Puckett acquired 1,422 shares and disposed of 750 in a set of related equity transactions.
28 Dec 2016debt financing● Neutral
Concho completed the $600 million 4.375% Senior Notes due Jan 15, 2025 sale on Dec 28, 2016, under a tenth supplemental indenture. The notes are unsecured, guaranteed by its subsidiaries, callable from Jan 15, 2020, and first interest is due July 15, 2017. This closes the offering agreed on Dec 13.
14 Dec 2016securities registration● Neutral
CONCHO RESOURCES INC filed a free-writing prospectus - marketing material for an offering in progress.
14 Dec 2016securities registration● Neutral
CONCHO RESOURCES INC filed the final prospectus for a registered offering.
14 Dec 2016material agreement● Neutral
Concho agreed on Dec 13, 2016 to sell $600 million of 4.375% senior unsecured notes due 2025 at par, guaranteed by its significant subsidiaries, with closing expected Dec 28, 2016. The filing does not state what the proceeds will be used for.
13 Dec 2016securities registration● Neutral
CONCHO RESOURCES INC filed the final prospectus for a registered offering.
25 Nov 2016director interest notice● Neutral
CONCHO RESOURCES INC VP, CAO and Treasurer Brenda R Schroer sold 1,800 shares at $138.04.
21 Nov 2016capital raising announcement● NeutralMajor
On Nov 19, 2016 Concho's subsidiary agreed to buy northern Delaware Basin oil and gas assets from an undisclosed seller, paying partly with 2,177,300 Concho shares at $128.60 (about $280.0 million in value). Closing is expected in January 2017. This is a new acquisition, separate from the Reliance deal; the filing gives no total price or other terms.
9 Nov 2016quarterly activities report▼ Bad
CONCHO RESOURCES INC reported a quarterly net loss of $51.0 million for the period ended 2016-09-30.
8 Nov 2016quarterly activities report▼ Bad
CONCHO RESOURCES INC reported a quarterly net loss of $51.0 million for the period ended 2016-09-30.
4 Oct 2016securities registration● Neutral
CONCHO RESOURCES INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
18 Aug 2016material agreement● NeutralMajor
Concho priced its share offering at 10,350,000 shares (including the underwriters' full option of 1,350,000 shares, up from the 9,000,000 announced), with expected net proceeds of about $1,327.4 million and closing scheduled Aug 19, 2016. Proceeds are meant to fund part of the cash for the Reliance deal and part of the redemption of the 7.0% Senior Notes due 2021, with any remainder for general corporate purposes. Existing shareholders are diluted by the new shares.
17 Aug 2016securities registration● Neutral
CONCHO RESOURCES INC filed a prospectus supplement for an offering off its existing shelf.
16 Aug 2016capital raising announcement● NeutralMajor
Concho agreed on Aug 15, 2016 to buy about 40,000 net acres in the Northern Midland Basin from Reliance for about $1.625 billion: $1,137.5 million in cash plus either $487.5 million in cash or 3,958,526 Concho shares (at $123.1519), with the company saying it expects to use the share option (option must be exercised by Aug 29, 2016). Closing is expected in the second half of 2016; an $81.25 million deposit may be forfeited if it fails. Concho also launched a 9,000,000-share public offering to help pay for it, though that offering does not depend on the deal closing. This follows the Jan 2016 purchase from an unnamed seller.
15 Aug 2016securities registration● Neutral
CONCHO RESOURCES INC filed a prospectus supplement for an offering off its existing shelf.
3 Aug 2016quarterly activities report▼ Bad
CONCHO RESOURCES INC reported a quarterly net loss of $51.0 million for the period ended 2016-09-30.
2 Aug 2016quarterly activities report▼ Bad
CONCHO RESOURCES INC reported a quarterly net loss of $51.0 million for the period ended 2016-09-30.
5 July 2016director interest notice● Neutral
CONCHO RESOURCES INC VP and CAO Brenda R Schroer had 333 shares withheld for taxes on vesting stock.
8 June 2016director interest notice● Neutral
CONCHO RESOURCES INC insider Steven L Beal sold 16,250 shares.
2 June 2016agm 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).
10 May 2016substantial holder notice● Neutral
Capital Research Global Investors ** reported a CONCHO RESOURCES INC shareholding of 14,209,719 shares (10.80% of votes) in a periodic institutional filing.
5 May 2016quarterly activities report▼ Bad
CONCHO RESOURCES INC reported a quarterly net loss of $266.0 million for the period ended 2016-06-30.
4 May 2016quarterly activities report▼ Bad
CONCHO RESOURCES INC reported a quarterly net loss of $266.0 million for the period ended 2016-06-30.
21 Mar 2016securities registration● Neutral
CONCHO RESOURCES INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
16 Mar 2016director interest notice● Neutral
CONCHO RESOURCES INC insider Ray M Poage sold 1,000 shares at $100.70.
16 Mar 2016director interest notice● Neutral
CONCHO RESOURCES INC Exec VP, Chief Comm Off & Sec C William Giraud sold 10,000 shares at $101.56.
16 Mar 2016director interest notice● Neutral
CONCHO RESOURCES INC SVP, CFO & Treasurer Darin G Holderness sold 16,813 shares at $105.14.
16 Mar 2016director interest notice● Neutral
CONCHO RESOURCES INC VP and CAO Brenda R Schroer sold 500 shares at $101.30.
11 Mar 2016director interest notice● Neutral
CONCHO RESOURCES INC SVP of Bus Ops and Eng J Steve Guthrie sold 5,000 shares at $96.35.