Cimarex Energy (XEC) Tops Q4 EPS by 2c
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Cimarex Reports Fourth-Quarter and Full-Year 2016 Results
February 15, 2017 4:05 PM ESTDENVER, Feb. 15, 2017 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today reported fourth quarter 2016 net income of $38.2 million, or $0.40 per share, compared to fourth quarter 2015 net loss of $630.5 million, or $6.78 per share(1). Adjusted fourth quarter net income (non-GAAP) was $56.7 million, or $0.60 per share, compared to fourth quarter 2015 adjusted net loss (non-GAAP) of $23.0 million, or $0.25 per share(1). Cash flow from operations was $169.9 million in the fourth quarter compared to $115.0 million in the fourth quarter of 2015. Adjusted cash flow from operations (non-GAAP) totaled $218.7 million in the fourth quarter, a 74 percent increase from 2015 levels(1). ... More
