Cimarex Energy (XEC) Misses Q4 EPS by 4c
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Cimarex Reports Fourth-Quarter and Full-Year 2015 Results
February 16, 2016 5:00 PM ESTDENVER, Feb. 16, 2016 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today reported a fourth quarter 2015 net loss of $630.5 million, or $6.78 per share. The adjusted fourth quarter net loss was $23.0 million, or $0.25 per share, compared to fourth-quarter 2014 adjusted net income of $76.4 million, or $0.87 per diluted share(1).    For the year, Cimarex recorded a net loss of $2.4 billion, or $25.92 per share.  The adjusted net loss for the full year was $0.60 per share(1). Adjusted cash flow from operations totaled $744 million in 2015, a 54 percent drop from 2014 levels(1).    Revenues in 2015 totaled $1.5 billion, a 40 percent decrease from 2014. The decrease... More
