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 2016 Results

May 4, 2016 5:00 PM EDT

DENVER, May 4, 2016 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today reported a first quarter 2016 net loss of $186.1 million, or $2.00 per 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 $36.9 million, or $0.40 per share(1).  First quarter 2016 adjusted cash flow from operations was $81.6 million versus $186.9 million a year ago(1). 

Total company production averaged 973 million cubic feet equivalent (MMcfe) per day during the first quarter, a three percent increase from first quarter 2015 and a one percent decrease sequentially. As... More