Cimarex Energy (XEC) Tops Q3 EPS by 25c

Cimarex Energy (NYSE: XEC) reported Q3 EPS of $0.51, $0.25 better than the analyst estimate of $0.26.

• Generated Net Cash Provided by Operating Activities of $259 million
• Generated $139 million of free cash flow after dividend (Non-GAAP)
• Invested $83 million in the quarter
• Oil production averaged 71,600 barrels per day

Improved oil prices in the third quarter allowed Cimarex to resume activity. We are currently running four drilling rigs in the Permian basin and have had two completion crews working since September 1. Cimarex continues to expect capital investment for the year to total approximately $600 million, as stated in guidance given in August.

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

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