Cimarex Energy (XEC) Tops Q1 EPS by 22c

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Go back to Cimarex Energy (XEC) Tops Q1 EPS by 22c

Cimarex Reports First Quarter 2020 Results; Issues Abridged Guidance

May 6, 2020 4:01 PM EDT

DENVER, May 6, 2020 /PRNewswire/ --

Q1 Oil production averaged 89.8 MBbls/d Invested $274 million in the first quarter

Cimarex Energy Co. (NYSE: XEC) today reported a first quarter 2020 net loss of $774.3 million, or $7.77 per share, compared to net income of $26.3 million, or $0.26 per share, in the same period a year ago.  First quarter results were negatively impacted by non-cash charges related to the impairment of oil and gas properties and the impairment of goodwill.  First quarter adjusted net income (non-GAAP) was $59.7 million, or $0.58 per share, compared to... More