EXCO Resources

EXCE

Oil & Gas Exploration & Production · Energy

Price

$23.50

-0.05 (-0.21%)

Market Cap

$507.2M

Exchange

Other OTC

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 9, 2026 · filings through Dec 31, 2018

Share count rising — dilution

+21.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 17.9M (2014) → 21.7M (2018)

EXCO Resources is an oil and natural gas company that drills for and produces natural gas, primarily in the United States. Its main product is natural gas, which it sells to utilities, industrial buyers, and energy marketers. The company focuses on onshore shale and conventional gas fields, with core operations historically concentrated in Texas, Louisiana, and Appalachia.

EXCO makes money by selling the natural gas it pulls out of the ground, so its revenue rises and falls with natural gas prices and production volumes. The company is relatively small, with a market cap around $500 million, and it has gone through financial restructuring in the past, which reflects the boom-and-bust nature of the gas business. Its main risk is heavy exposure to natural gas price swings — when prices drop, margins can collapse quickly, and the company carries debt that makes it more vulnerable than larger, diversified energy producers.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+54.1% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+119.6% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

0.2%ownership

Relatively low insider ownership

Cash Runway

~13 months

$51M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Adequate runway but may need to raise capital within 2 years

Revenue accelerating

EXCO Resources grew revenue 54% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

50.3%

Healthy — 50.3% gross margin

Operating Margin

43.3%

Excellent — 43.3% operating margin

ROCE

N/A

Data not available

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Growth

Sales YoY

+38.9%

Fast-growing sales (+38.9% YoY)

EPS YoY

-565.4%

Earnings shrinking (-565.4% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-4.4%

Burning cash (-4.4%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

—

Data not available

Interest Cover

7.50x

Adequate interest coverage (7.5x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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