Cimarex Energy (XEC) Misses Q4 EPS by 5c

Cimarex Energy (NYSE: XEC) reported Q4 EPS of $1.18, $0.05 worse than the analyst estimate of $1.23.

• Fourth quarter oil production averaged 92.0 MBbls per day
  • Full year oil production averaged 86.2 MBbls per day
• 2019 capital investment (including midstream) totaled $1.32 billion; below guidance range
  • Lower D&C costs drove the beat
• Generated $1.34 billion of net cash from operating activities
  • $141 million of free cash flow1 in 2019; $59 million after dividend

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

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