21 Feb 2013quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $269.0 million for the period ended 2012-12-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
21 Feb 2013asset acquisition disposition▲ GoodMajor
EXCO closed the Harbinger/HGI partnership: it contributed its conventional East Texas/North Louisiana gas assets in exchange for about $573 million in cash (including $225 million the new partnership itself borrowed) while keeping a 25.5% stake and staying on as operator; EXCO's own credit facility was cut to $900 million as part of the deal.
19 Feb 2013material agreement● Neutral
Two subsidiaries formed for the pending Harbinger/HGI deal signed on to guarantee EXCO's 2018 senior notes, a routine structural step ahead of that transaction's closing.
31 Jan 2013substantial holder notice● Neutral
Janus Capital Management LLC EIN # reported no remaining EXCO RESOURCES INC shareholding in its periodic institutional filing.
9 Nov 2012material agreement▲ GoodMajor
EXCO agreed to form a new partnership with Harbinger Group's HGI Energy unit, contributing its conventional (non-shale) East Texas/North Louisiana gas properties in exchange for a cash infusion from Harbinger - another outside-capital deal in the mold of the earlier BG Group joint ventures, signed shortly after its credit facility was cut for the first time.
5 Nov 2012material agreement▼ BadMajor
EXCO's lenders cut its credit facility borrowing base from $1.4 billion to $1.3 billion - the first reduction after several years of increases - as depressed natural gas prices weighed on the value of its reserves.
31 Oct 2012quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $346.2 million for the period ended 2012-09-30.
30 Oct 2012quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $346.2 million for the period ended 2012-09-30.
1 Aug 2012quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $496.4 million for the period ended 2012-06-30.
1 Aug 2012quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $496.4 million for the period ended 2012-06-30.
2 May 2012quarterly activities report▼ Bad
EXCO RESOURCES INC reported quarterly revenue of $134.8 million and a net loss of $281.6 million for the period ended 2012-03-31.
2 May 2012quarterly activities report▼ Bad
EXCO RESOURCES INC reported quarterly revenue of $134.8 million and a net loss of $281.6 million for the period ended 2012-03-31.
5 Mar 2012substantial holder notice● Neutral
WLR Recovery Fund IV, L.P, WLR Select Co-Investment, L.P, WLR/GS Master Co-Investment, L.P, WL Ross Group, L.P, El Vedado, LLC reported a EXCO RESOURCES INC shareholding of 29,504,077 shares (13.60% of votes) in a periodic institutional filing.
24 Feb 2012quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $166.7 million for the period ended 2011-12-31.
14 Feb 2012substantial holder notice● Neutral
Janus Capital Management LLC EIN # disclosed a new substantial EXCO RESOURCES INC shareholding (6.50% of votes).
7 Feb 2012substantial holder notice● Neutral
WL Ross Group, L.P, El Vedado, LLC reported a EXCO RESOURCES INC shareholding of 29,504,077 shares (13.70% of votes) in a periodic institutional filing.
31 Jan 2012material agreement● Neutral
TGGT Holdings, EXCO's midstream joint venture with BG Group, amended its own credit agreement, a routine technical update to the facility put in place a year earlier.
9 Nov 2011material agreement▲ Good
EXCO's lenders raised its credit facility borrowing base again, from $1.5 billion to $1.6 billion, and increased the maximum facility size to $2.0 billion.
2 Nov 2011quarterly activities report● Neutral
EXCO RESOURCES INC reported a quarterly net income of $84.9 million for the period ended 2011-09-30.
2 Nov 2011quarterly activities report● Neutral
EXCO RESOURCES INC reported a quarterly net income of $84.9 million for the period ended 2011-09-30.
31 Aug 2011substantial holder notice● Neutral
Ares Corporate Opportunities Fund, L.P, ACOF EXCO, L.P, ACOF EXCO, ACOF Management, L.P, ACOF Operating Manager, L.P, Ares Corporate Opportunities Fund II, L.P, Ares EXCO, L.P, Ares EXCO, ACOF Management II, L.P, ACOF Operating Manager II, L.P, Ares Management LLC, Ares Partners Management Company LLC reported a EXCO RESOURCES INC shareholding of 13,151,537 shares (6.12% of votes) in a periodic institutional filing.
31 Aug 2011substantial holder notice● Neutral
WL Ross Group, L.P, El Vedado, LLC reported a EXCO RESOURCES INC shareholding of 26,781,977 shares (12.50% of votes) in a periodic institutional filing.
22 Aug 2011security holder rights change● NeutralMajor
EXCO's board accelerated the expiration of the shareholder rights plan ('poison pill') it had adopted in January 2011, cutting its life from January 2012 to September 2011 - standing down the takeover defense less than a year after Chairman Douglas Miller's going-private proposal.
8 Aug 2011substantial holder notice● Neutral
WL Ross Group, L.P, El Vedado, LLC reported a EXCO RESOURCES INC shareholding of 25,605,177 shares (12.00% of votes) in a periodic institutional filing.
5 Aug 2011substantial holder notice● Neutral
Ares Corporate Opportunities Fund, L.P, ACOF EXCO, L.P, ACOF EXCO, ACOF Management, L.P, ACOF Operating Manager, L.P, Ares Corporate Opportunities Fund II, L.P, Ares EXCO, L.P, Ares EXCO, ACOF Management II, L.P, ACOF Operating Manager II, L.P, Ares Management LLC, Ares Partners Management Company LLC reported a EXCO RESOURCES INC shareholding of 12,951,537 shares (6.05% of votes) in a periodic institutional filing.
3 Aug 2011quarterly activities report● Neutral
EXCO RESOURCES INC reported a quarterly net income of $82.4 million for the period ended 2011-06-30.
3 Aug 2011quarterly activities report● Neutral
EXCO RESOURCES INC reported a quarterly net income of $82.4 million for the period ended 2011-06-30.
28 July 2011substantial holder notice● Neutral
WL Ross Group, L.P, El Vedado, LLC reported a EXCO RESOURCES INC shareholding of 21,000,000 shares (9.90% of votes) in a periodic institutional filing.
8 July 2011substantial holder notice● Neutral
Douglas H. Miller reported a EXCO RESOURCES INC shareholding of 6,669,739 shares (3.10% of votes) in a periodic institutional filing.
4 May 2011quarterly activities report● Neutral
EXCO RESOURCES INC reported quarterly revenue of $161.2 million and net income of $21.9 million for the period ended 2011-03-31.