Cimarex Energy (XEC) Misses Q1 EPS by 8c, Revenues Beat

Cimarex Energy (NYSE: XEC) reported Q1 EPS of $1.20, $0.08 worse than the analyst estimate of $1.28. Revenue for the quarter came in at $576.96 million versus the consensus estimate of $567.29 million.

• Resolute acquisition closed
• Daily production averaged 258.9 MBOE; oil production averaged 79,415 barrels per day
• 2Q oil production expected to be up 4% sequentially at the midpoint of guidance
• Oil production expected to grow 18-30% year over year
• 2019 capital guidance unchanged

For earnings history and earnings-related data on Cimarex Energy (XEC) click here.

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