Concho Is a Permian Pure Play With Assets in the Midland and Delaware Basins
Narrow-moat Concho delivered production of 287 mboe/d in the third quarter, which was above the high end of guidance, and trounced consensus for its earnings. Both guidance and analyst estimates were potentially skewed lower due to the recent RSP Permian acquisition (the deal closed well before the midpoint of the quarter and thus made more of a contribution in the period than many expected). Adjusted EBITDA and adjusted earnings per share were $793 million and $1.42 respectively.In the release...
Concho Resources is an independent oil and natural gas company engaged in the acquisition, development, exploration and production of oil and natural gas properties. The company's operations are primarily focused in the Permian Basin of West Texas and Southeast New Mexico.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.