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EXCO Resources reports net income of $1.59 million for April
New York, May 22 – EXCO Resources, Inc. had net income of $1.59 million for April, according to the company’s monthly operating report filed on Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.
The figure improved from a net loss of $300.93 million in March, which included $316.47 million of reorganization items.
Revenues for April were $32.82 million, up slightly from $32.04 million in March.
Cash at April 30 was $68.68 million, up from $65.83 million on March 31.
EXCO is a Dallas-based oil and gas exploration and production company operating in Texas, North Louisiana and Appalachia. The company filed for bankruptcy on Jan. 15 under Chapter 11 case number 18-30155.
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