Cimarex Energy (XEC) Misses Q3 EPS by 4c, Revenues Beat

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Cimarex Reports Third Quarter 2019 Results

November 4, 2019 4:05 PM EST

DENVER, Nov. 4, 2019 /PRNewswire/ --

Oil production averaged 89.7 MBbls/d; up 8% sequentially 2019 Exploration & Development capital guidance range lowered to $1.3 - 1.4 billion Reduced per unit production expense 12% year-over-year

Cimarex Energy Co. (NYSE: XEC) today reported third quarter 2019 net income of $40.5 million, or $0.39 per share, compared to $148.4 million, or $1.56 per share, in the same period a year ago.  Third quarter 2019 results were negatively impacted by a non-cash charge related to the impairment of oil and gas properties.  Third quarter adjusted net income (non-GAAP) was $92.9... More