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EXCO Resources net income down to $1.24 million in May; revenue up
By Caroline Salls
Pittsburgh, June 22 – EXCO Resources, Inc. had net income of $1.24 million for May on $32.88 million in revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of Texas.
In comparison, EXCO posted $1.59 million of net income for April on $32.82 million in revenue.
Cash at May 31 was $48.33 million, down from $68.68 million at the end of April.
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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