Cimarex Energy (XEC) Reports In-Line Q1 EPS

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Go back to Cimarex Energy (XEC) Reports In-Line Q1 EPS

Cimarex Reports First Quarter 2015 Results

May 4, 2015 6:00 PM EDT

DENVER, May 4, 2015 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today reported a first quarter 2015 net loss of $414.9 million, or $4.84 per diluted share, primarily the result of a non-cash charge related to the impairment of oil and gas properties.  The adjusted first quarter net loss was $31.7 million, or $0.37 per diluted share.  First quarter 2015 adjusted cash flow from operations was $186.9 million versus $408.9 million a year ago(1). 

Total company production averaged 946.7 million cubic feet equivalent (MMcfe) per day during the first quarter, a 28 percent increase from first quarter 2014. Year-over-year natural gas volumes increased... More