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Published on 5/21/2019 in the Prospect News Distressed Debt Daily.

Exco Resources reports $10.09 million of operating income for April

By Sarah Lizee

Olympia, Wash., May 21 – Exco Resources, Inc. reported $10.09 million of operating income for April on $27.5 million in revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.

Those figures compare to the $12.56 million of operating income posted for March on $31.09 million in revenue.

Net income for April was $15.48 million, compared with net income for March of $2.49 million.

The company had $56.34 million in cash and cash equivalents as of April 30, up from $54.86 million as of 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, 2018 under Chapter 11 case number 18-30155.


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