EXCO Resources Inc. (XCO) reported that its second-quarter net loss was $496.43 million or $2.32 per share, compared to net income of $82.36 million or $0.38 per share in the same quarter last year. The second quarter 2012 included a $429 million pre-tax non-cash ceiling test write-down of oil and natural gas properties.
Adjusted net income for the quarter declined to $11.47 million from $39.17 million in the prior year quarter. On a per share basis, net income was $0.05, down from $0.18 last year. Analysts polled by Thomson Reuters expected the company to report a loss of $0.01 per share. Analysts' estimates typically exclude special items.
Oil and natural gas for the quarter declined to $117.98 million from $206.83 million in the prior year quarter. Seven analysts had consensus revenue estimate of $145.28 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.