Cimarex Energy Co. (XEC) Tops Q3 Expectations; Revs Heady
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Cimarex Energy Co. (NYSE: XEC) reported Q3 EPS of $1.49, $0.03 better than the analyst estimate of $1.46. Revenue for the quarter came in at $433.81 million versus the consensus estimate of $425.02 million.
Notably: "Third-quarter 2011 net income includes an unrealized non-cash gain on derivative instruments associated with 2011 oil and gas hedges of $3.4 million after-tax, or $0.04 per share."
Notably: "Third-quarter 2011 net income includes an unrealized non-cash gain on derivative instruments associated with 2011 oil and gas hedges of $3.4 million after-tax, or $0.04 per share."
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