EXCO Resources, Inc. EXCE

EnergyOil & GasUnited States of America

Last close 25.00 USD on Nov 1, 2026, +37.4% year to date

Quant rating

Quant rating D Rank 139 of 167 in Energy

Growth C 89 of 167
Valuation D 158 of 167
Quality D 131 of 167
Revisions D 144 of 167
Momentum B 52 of 167

Historical valuation

Valuation history unavailable.

Key data

Market cap: 540M
Enterprise value: 540M
52-week range: 15.01 – 28.25
3-year range: 5.00 – 28.25
Dividend yield: –
Beta (5 years): 0.40
Shares outstanding: 21.6M
Next earnings: –

About the company

EXCO Resources, Inc. is an independent oil and natural gas company. The Company is engaged in the exploration, exploitation, acquisition, development and production of onshore United States oil and natural gas properties with a focus on shale resource plays. Its principal operations are conducted in certain United States oil and natural gas areas, including Texas, Louisiana, and the Appalachia region. Its producing regions include East Texas and North Louisiana, South Texas, and Appalachia. The East Texas and North Louisiana regions are primarily comprised of its Haynesville and Bossier shale assets. It serves as the operator for most of its properties in the East Texas and North Louisiana regions. The South Texas region is primarily comprised of its Eagle Ford shale assets. Its position in this region includes approximately 48,500 net acres. It serves as the operator for most of its properties in the South Texas region. The Appalachia region is comprised of its Marcellus shale assets.

Growth and profitability

Growth and profitability by fiscal year
	2002	2001	2000	1999	1998	5Y avg
Revenue (mil)	394	284	271	356	696	–
Revenue growth	38.9%	4.7%	−23.8%	−48.9%	9.7%	−9.1%
EPS (basic, normalized)	0.21	1.39	1.19	0.69	–	–
EPS growth	−84.9%	16.8%	72.5%	–	–	–
Gross margin	81.3%	74.8%	72.9%	70.8%	81.3%	76.2%
Net margin	−46.4%	157.2%	−83.1%	−335.2%	17.3%	−58.0%
ROE	–	–	–	–	–	–

Balance sheet, last quarter
Cash & short-term investments (mil)	46.5
Current ratio	0.29x
Long-term debt (mil)	0
Net debt (mil)	427
Total equity (mil)	−1,026
Net debt / equity	−0.42x
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2002 actual	394	+38.9%	1.4x	–	–	–	0.21	−84.9%	119.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2003	–	–	–	–	–	–	–	–
2004	–	–	–	–	–	–	–	–
2005	–	–	–	–	–	–	–	–

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Dec 2000	Mar 2001	Jun 2001	Sep 2001	Dec 2001	Mar 2002	Jun 2002	Sep 2002	Dec 2002	Mar 2003
Sales reported (mil)	13.3	13.5	17.9	18.0	14.2	14.7	17.1	17.7	23.6	25.3
Sales mean (mil)	12.8	12.9	12.5	13.3	–	–	–	–	–	–
Surprise	+4.0%	+4.5%	+43.2%	+35.7%	–	–	–	–	–	–
EPS reported	0.53	0.40	0.26	0.28	0.45	0.10	−0.09	−0.02	0.32	0.33
EPS mean	0.46	0.43	0.63	0.26	0.11	0.12	−0.01	−0.06	0.04	1.69
Surprise	+15.2%	−7.0%	−58.7%	+6.3%	+324.5%	−20.0%	−1,700.0%	+63.6%	+700.0%	−80.5%

Peer comparison Oil & Gas

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
EXCE EXCO Resources, Inc.	540M	–	−46.4%	–	–	–	–	–
WTI W&T Offshore, Inc.	627M	1.55x	−29.9%	−3.12x	−19.3x	−22.9x	4.1x	4.2x
CVVY Cavvy Energy Limited (Alberta)	557M	–	−1.7%	4.59x	18.0x	8.7x	6.0x	4.2x
SD SandRidge Energy Inc	533M	−1.12x	44.9%	0.98x	6.8x	9.6x	3.2x	3.8x
SOC Sable Offshore Corp.	528M	−2.40x	–	1.08x	−1.8x	2.7x	15.8x	2.1x
EROK EagleRock Land LLC	522M	–	−101.2%	1.48x	52.5x	25.4x	14.3x	11.5x
Mean		−0.66x	−26.9%	1.00x	11.2x	4.7x	8.7x	5.2x
Median		−1.12x	−29.9%	1.08x	6.8x	8.7x	6.0x	4.2x

Technical analysis

1M−1.2%
3M+11.1%
1Y+66.3%
3Y+231.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, EXCO Resources, Inc., fiscal years, most recent first
	2002	2001	2000	1999	1998	1997
Total revenue	394	284	271	356	696	634
Cost of revenue	73.8	71.5	73.5	104	130	83.2
Gross profit	320	212	197	252	566	551
Selling, general & administrative expenses	104	142	155	158	167	193
Research & development	–	–	–	–	–	–
Depreciation/amortization	80.3	51.0	76.0	215	264	246
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	290	6.4	65.6	1,023	5.3	−69.0
Other operating expenses	0.7	60.0	2.2	2.3	2.7	2.5
Operating income	−155	−46.9	−101	−1,147	127	179
Net interest income (expense)	−32.5	71.6	−121	−45.9	−6.4	−156
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0.1	0	0	0.1	0.2	−0.8
Net income before taxes	−187	24.7	−222	−1,192	121	22.2
Provision for taxes	−4.5	−421	2.8	0	0	0
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−183	446	−225	−1,192	121	22.2
Extraordinary items	0	−422	–	–	–	–
Net income	−183	24.4	−225	−1,192	121	22.2
EBIT, normalized	135	−40.6	−35.9	−124	132	110
EBITDA, normalized	216	10.5	40.1	91.4	396	356
Basic EPS, normalized	0.21	1.39	1.19	0.69	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, EXCO Resources, Inc., fiscal years, most recent first
	2002	2001	2000	1999	1998	1997
Assets
Cash & short-term investments	46.5	39.6	9.1	12.2	46.3	50.5
Receivables	96.1	88.2	82.4	68.2	156	217
Total inventory	–	–	–	8.6	7.2	3.1
Prepaid expenses	–	–	–	–	–	–
Other current assets	27.5	40.0	19.2	60.7	121	35.2
Total current assets	170	168	111	150	331	306
Property, plant & equipment	695	495	358	586	1,738	1,846
Goodwill	163	163	163	163	163	163
Intangibles	–	–	–	–	–	–
Long-term investments	4.7	14.2	24.4	40.8	56.0	57.6
Note receivable	–	–	–	–	–	–
Other long-term assets	0	0	4.9	14.5	16.8	35.7
Total assets	1,033	840	661	954	2,305	2,409
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	64.9	68.3	54.8	85.3	110	132
Accrued expenses	7.1	27.6	4.7	7.8	26.3	18.1
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	473	1,362	50.0	50.0	0	31.9
Other current liabilities	45.9	209	149	110	193	167
Total current liabilities	591	1,667	258	253	329	349
Long-term debt	0	0	1,259	1,320	1,431	1,859
Minority interest	–	–	–	–	–	–
Other liabilities	1,468	19.6	16.4	43.3	35.0	52.6
Total liabilities	2,059	1,687	1,533	1,616	1,795	2,261
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0	0	0.3	0.3	0.3	0.2
Additional paid-in capital	3,542	3,539	3,538	3,522	3,502	3,220
Retained earnings (accumulated deficit)	−4,561	−4,378	−4,402	−4,177	−2,985	−3,065
Treasury stock	−7.6	−7.6	−7.6	−7.6	−7.6	−7.5
Other equity	0	0	0	0	0	0
Total equity	−1,026	−846	−872	−662	510	148
Total liabilities & shareholders' equity	1,033	840	661	954	2,305	2,409

Cash flow statement in millions of USD, fiscal years

Cash flow statement, EXCO Resources, Inc., fiscal years, most recent first
	2002	2001	2000	1999	1998	1997
Operating activities
Net income	−183	24.4	−225	−1,192	121	22.2
Depreciation, depletion & amortization	80.3	51.0	76.0	215	264	246
Deferred taxes	−4.5	1.7	2.8	–	–	0
Non-cash items	208	−95.1	183	1,115	−87.1	62.0
Changes in working capital	32.6	72.4	−37.4	−4.1	65.0	20.7
Cash from operations	134	54.4	−0.4	134	362	351
Investing activities
Capital expenditures	−166	−171	−80.4	−325	−403	−1,297
Other investing cash flows	15.8	−11.4	25.4	24.4	181	1,045
Cash from investing	−150	−183	−55.0	−301	−222	−252
Financing activities
Financing cash flow items	−6.1	−23.1	−4.9	−33.1	−51.4	−76.8
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	30.0	182	57.1	166	−93.3	−16.5
Cash from financing	23.9	159	52.2	133	−145	−93.3
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	7.7	30.5	−3.2	−34.1	−4.2	4.8
Free cash flow	−32.0	−117	−80.8	−191	−40.5	−947

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.