Cimarex Energy (XEC) Tops Q2 EPS by 19c

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Cimarex Reports Second Quarter 2015 Results

August 4, 2015 5:00 PM EDT

DENVER, Aug. 4, 2015 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today reported a second quarter 2015 net loss of $600.2 million, or $6.47 per diluted share, including a non-cash impairment of oil and gas properties.  The adjusted second quarter net income was $14.4 million, or $0.15 per diluted share(1).  Second quarter 2015 adjusted cash flow from operations was $252.4 million versus $443.1 million a year ago(1). 

Total company production averaged 1.0 billion cubic feet equivalent (Bcfe) per day during the second quarter, a 22 percent increase from second quarter 2014. Year-over-year natural gas volumes increased 14 percent, oil volumes grew 35 percent and NGL volumes were up 25... More