OverviewSuggest Edit

Concho is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Company's operations are focused in the Permian Basin of Southeast New Mexico and West Texas.
TypePublic
Founded2004
HQMidland, US
Websiteconcho.com
Employee Ratings4.8

Latest Updates

Employees (est.) (Dec 2019)1,453(-3%)
Job Openings3
Revenue (FY, 2019)$4.6 B(+11%)
Share Price (May 2020)$54.5

Key People/Management at Concho Resources

Steve Beal

Steve Beal

Director
Jack Harper

Jack Harper

President
Tucker Bridwell

Tucker Bridwell

Director
Bill Easter

Bill Easter

Director
Brenda Schroer

Brenda Schroer

Senior Vice President, Chief Financial Officer and Treasurer
Clay Bateman

Clay Bateman

Senior Vice President of Assets
Show more

Concho Resources Office Locations

Concho Resources has offices in Midland, Artesia, Dallas, Houston and in 1 other location
Midland, US (HQ)
600 W Illinois Ave
Artesia, US
2208 W Main St
Dallas, US
3141 Hood St #500
Houston, US
First City Tower, 1001 Fannin St
Santa Fe, US
1048 Paseo De Peralta
Show all (6)

Concho Resources Financials and Metrics

Concho Resources Revenue

Concho Resources's revenue was reported to be $4.59 b in FY, 2019
USD

Revenue (Q1, 2020)

922.0m

Net income (Q1, 2020)

(9.3b)

EBIT (Q1, 2020)

(10.6b)

Market capitalization (29-May-2020)

10.7b

Closing stock price (29-May-2020)

54.5

Cash (31-Mar-2020)

165.0m

EV

14.5b
Concho Resources's current market capitalization is $10.7 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

972.6m1.7b1.9b2.3b2.7b1.8b1.7b2.6b4.2b4.6b

Revenue growth, %

15%(32%)(9%)

General and administrative expense

64.3m96.3m133.8m169.8m204.2m230.7m225.6m244.0m311.0m326.0m

R&D expense

7.6m58.8m77.5m59.0m65.0m201.0m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

215.7m240.5m360.8m446.2m454.5m507.8m432.8m497.5m472.1m562.8m652.9m661.0m704.7m700.3m413.5m537.4m463.5m283.6m396.3m430.5m612.0m567.0m627.0m947.0m945.0m1.2b1.1b1.1b1.1b922.0m

Cost of goods sold

156.0m

Gross profit

1.0b

Gross profit Margin, %

87%
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

384.0k342.0k2.9m21.0k21.0k228.6m53.3m70.0m

Accounts Receivable

198.1m223.8m250.6m204.0m331.0m466.0m584.0m

Prepaid Expenses

12.5m19.3m18.5m37.8m38.9m35.0m59.0m61.0m

Inventories

16.3m14.0m35.0m30.0m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

383.0k357.0k908.0k397.0k174.0k606.0k710.0k291.0k974.0k47.0k22.0k21.0k365.5m98.9m21.0k280.0k20.0k466.8m481.2m1.2b771.0m662.0m55.0m24.0m165.0m

Accounts Receivable

212.0m195.5m224.2m277.0m266.5m273.8m256.2m219.5m251.5m229.8m191.7m200.2m202.9m239.0m227.0m271.0m392.0m410.0m520.0m530.0m460.0m535.0m472.0m

Prepaid Expenses

438.4m15.4m11.5m12.1m23.5m17.2m19.0m19.3m18.0m22.8m35.7m37.5m40.6m39.3m33.7m36.4m30.5m40.0m39.0m37.0m33.0m50.0m61.0m49.0m54.0m58.0m59.0m

Inventories

36.0m34.0m33.0m30.0m25.0m
USDY, 2020

EV/EBIT

-1.4 x

EV/CFO

17.4 x

Financial Leverage

1.6 x
Show all financial metrics

Concho Resources Online and Social Media Presence

Embed Graph

Concho Resources News and Updates

Enverus and Concho Resources Develop Solution to Reduce Erroneous Overbilling

AUSTIN, Texas and MIDLAND, Texas, Jan. 21, 2020 /PRNewswire/ -- Enverus, the leading energy SaaS and data analytics company, and Concho Resources (NYSE: CXO) today announced they will bring to market a new product, Audit Analytics, which enables energy companies to reduce costs by...

Concho Resources to sell New Mexico assets for $925 million, to launch $1.5 billion buyback program

Concho Resources Inc. said Tuesday it has agreed to sell its assets in the New Mexico Shelf to an affiliate of Spur Energy Partners LLC for $925 million. At the same time, the company's board has approved a share buyback program of up to $1.5 billion. The assets for sale include about 100,000 gross…

Concho Resources to sell New Mexico assets for $925 mln

U.S. oil and gas producer Concho Resources Inc said on Tuesday it would sell its New Mexico assets for $925 million to an affiliate of privately-held Spur Energy Partners LLC.

Concho Resources profit falls 25% on lower crude, gas prices

U.S. oil and gas producer Concho Resources reported a 25% fall in quarterly profit on Wednesday, dragged down mainly by lower crude and natural gas prices.

After-hours buzz: Devon Energy, Concho Resources, Cadence Design & more

See which stocks are posting big moves after the bell.

Concho Resources misses profit estimates, shares fall

Concho Resources Inc reported quarterly profit that missed Wall Street estimates on Tuesday, sending shares of the shale firm lower.
Show more

Concho Resources Frequently Asked Questions

  • When was Concho Resources founded?

    Concho Resources was founded in 2004.

  • Who are Concho Resources key executives?

    Concho Resources's key executives are Steve Beal, Jack Harper and Tucker Bridwell.

  • How many employees does Concho Resources have?

    Concho Resources has 1,453 employees.

  • What is Concho Resources revenue?

    Latest Concho Resources annual revenue is $4.6 b.

  • What is Concho Resources revenue per employee?

    Latest Concho Resources revenue per employee is $3.2 m.

  • Who are Concho Resources competitors?

    Competitors of Concho Resources include Carrier Energy Partners, Lonestar Resources US and Parsley Energy.

  • Where is Concho Resources headquarters?

    Concho Resources headquarters is located at 600 W Illinois Ave, Midland.

  • Where are Concho Resources offices?

    Concho Resources has offices in Midland, Artesia, Dallas, Houston and in 1 other location.

  • How many offices does Concho Resources have?

    Concho Resources has 6 offices.