EXCO Resources Inc. (XCO) Wednesday reported fourth-quarter net loss of $269 million or $1.25 per share, compared to net loss of $166.6 million or $0.78 per share last year.
Results for the reporting quarter included a $324 million pre-tax non-cash ceiling test write-down of oil and natural gas properties.
Excluding items, adjusted earnings for the quarter were $36 million or $0.17 per share, compared with $19 million or $0.09 per share a year ago.
Revenues for the quarter were $152 million, compared with $179 million a year ago.
Analysts polled by Thomson Reuters estimated earnings of $0.16 per share on revenues of $182.32 million for the quarter. Analysts' estimates typically exclude special items.
During the quarter, average sales price per Mcfe decreased to $3.47 per Mcfe from $3.49 in the prior year.
Oil, natural gas and NGL production was 44 Bcfe, or 477 Mmcfe per day, for the quarter, compared with 556 Mmcfe per day a year ago, reflecting the impacts of reduced drilling program.
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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.