Revenue during the quarter surged 36.44 percent to $76.53 million from $56.09 million in the previous year period. Gross margin for the quarter expanded 2080 basis points over the previous year period to 40.23 percent.

Operating income for the quarter was $13.59 million, compared with an operating loss of $164.70 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $18.47 million compared with $20.83 million in the prior year period. At the same time, adjusted EBITDA margin contracted 1300 basis points in the quarter to 24.13 percent from 37.14 percent in the last year period.

Operating cash flow drops significantly
EXCO Resources, Inc. has generated cash of $5.20 million from operating activities during the quarter, down 81.43 percent or $ 22.79 million, when compared with the last year period.

The company has spent $20.02 million cash to meet investing activities during the quarter as against cash outgo of $36.67 million in the last year period.

Cash flow from financing activities was $37.79 million for the quarter, down 11.41 percent or $4.87 million, when compared with the last year period.

Cash and cash equivalents stood at $32.03 million as on Mar. 31, 2017, down 30.70 percent or $14.19 million from $46.22 million on Mar. 31, 2016.

Working capital remains negative
Working capital of EXCO Resources, Inc. was negative $108.39 million on Mar. 31, 2017 compared with negative $90.66 million on Mar. 31, 2016. Current ratio was at 0.51 as on Mar. 31, 2017, down from 0.63 on Mar. 31, 2016.

Days sales outstanding went down to 74 days for the quarter compared with 79 days for the same period last year.

Debt comes down 
EXCO Resources, Inc. has recorded a decline in total debt over the last one year. It stood at $1,192.78 million as on Mar. 31, 2017, down 12.94 percent or $177.32 million from $1,370.10 million on Mar. 31, 2016. Total debt was 177.84 percent of total assets as on Mar. 31, 2017, compared with 166.84 percent on Mar. 31, 2016.