Cimarex Energy (XEC) Misses Q1 EPS by 10c, Revenues Beat

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Cimarex Energy Co. Reports First-Quarter 2021 Results

May 5, 2021 4:06 PM EDT

DENVER, May 5, 2021 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today reported first-quarter 2021 financial and operating results. Net income for first-quarter 2021 totaled $128.1 million, or $1.25 per share. Net income for the quarter was impacted by a mark-to-market loss on the Company's commodity derivative positions of $99.4 million. Excluding the impact of the mark-to-market loss on commodity derivatives, adjusted net income (non-GAAP) for first-quarter 2021 was $203.7 million, or $1.98 per share.

Highlights

Generated cash flow from operating activities of $403 million. Adjusted cash flow from operating activities (non-GAAP) totaled $395 million, exceeding... More