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Analyzing Concho Resources’ Revenue Growth Trends

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Concho Resources’ revenue and EPS trends

Concho Resources’ (CXO) 1Q16 revenue fell by ~7% YoY (year-over-year). In comparison, its YoY revenue growth was -10% in 1Q15 and -16% in 4Q15.

The above graph shows that CXO’s revenue growth has been negative since 1Q15. However, estimates indicate that CXO’s revenue could improve and show positive growth in 2Q16.

Lower realized energy prices (USO) (UNG) have pulled down the revenues of several upstream companies, which in turn have affected their earnings. CXO’s peers Hess (HES) and Apache (APA) reported revenue growths of -37% and -35% year-over-year, respectively, in 1Q16.

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