$XEC (Cimarex Energy Co.)

$XEC {{ '2015-08-05T12:42:15+0000' | timeago}} • Announcement

$XEC 2Q15 PR: Revenues were $424.28MM vs. $636.67MM in 2Q14. Net income was $(600.22)MM vs. $148.64MM in 2Q14. Operating income was $(933.4)MM vs. $240.42MM in 2Q14. Diluted EPS was $(6.47) vs. $1.70 in 2Q14. Total costs & expenses were $1,357.68MM vs. $396.25MM in 2Q14.

$XEC {{ '2017-05-12T17:24:16+0000' | timeago}} • Announcement

$XEC's BoD declared a quarterly cash dividend on its common stock of $0.08 per share. The dividend is payable on Sept. 1, 2017, to stockholders of record on Aug. 15, 2017.

$XEC {{ '2017-05-10T16:03:26+0000' | timeago}} • Webcast

$XEC plans to drill a few more wells in the White City area, both in the Upper Wolfcamp and the Lower Wolfcamp.  $XEC will be testing upwards to the northern part of this contiguous acreage block. The company has more acreage located further to the north and it plans to test the upper and lower parts of this area.

$XEC {{ '2017-05-10T15:37:02+0000' | timeago}} • Webcast

Looking at net well completions quarter-to-quarter, $XEC had a good number of completions in 1Q17. This is expected to slow down in 2Q17, ramp up in 3Q17 and taper off slightly in 4Q17 as wells come online. The projected oil production and growth will parallel this. $XEC expects oil growth to extend to 4Q17 and surpass the ranges given in 4Q16.

$XEC {{ '2017-05-10T13:12:40+0000' | timeago}} • Announcement

$XEC now sees FY17 production at 1.09 -1.13 Bcfe per day. 2Q17 output is expected to average 1.08-1.13 Bcfe per day, with oil production touted to outpace total company volume growth and rise 6-10% sequentially.

$XEC {{ '2017-05-10T13:10:12+0000' | timeago}} • Announcement

In 1Q17, $XEC made $224MM in oil sales, up 90%. Gas sales jumped 60% to $132MM, while natural gas (NGL) sales surged 140% to $80MM. Total company production rose 9% to average 1,063 MMcfe per day, while oil production hiked 15% sequentially to 52,181 barrels per day. Cimarex invested $306MM in exploration and development during the quarter.

$XEC {{ '2017-05-10T13:02:44+0000' | timeago}} • Announcement

$XEC revenue soared 86% to $447MM in 1Q17, as the fossil fuel explorer turned to profit with a net income of $131MM from a loss of $232MM a year ago. Earnings were $1.38 per diluted share from a loss of $2.49 a share, as realized oil prices jumped 70% to average $47.71 a barrel and realized avg. natural gas prices hiked 57% to $3.01 per Mcf.

$XEC {{ '2017-05-05T14:10:09+0000' | timeago}} • Announcement

$XEC  announced the discovery of an error in its full cost ceiling test impairment calculation. The company will file amended 2016 annual report to correct error in ceiling test impairment calculation.

$XEC {{ '2017-05-05T11:55:23+0000' | timeago}} • Announcement

$XEC has discovered an error in its full cost ceiling test impairment calculation. The inaccuracy of the ceiling test calculation had no impact on $XEC’s cash flows or financial health. $XEC intends to file an amended 2016 Annual Report on Form 10-K to correct the errors for the years ended December 31, 2016 and 2015.

$XEC {{ '2017-04-04T15:18:37+0000' | timeago}} • Announcement

$XEC  priced an offering of $750MM of senior unsecured notes due 2027, which will carry an interest rate of 3.90%. The notes were sold to the public at 99.748% for a yield to maturity of 3.93%. The offering is expected to close on April 10, 2017.

$XEC {{ '2017-04-03T12:52:55+0000' | timeago}} • Announcement

$XEC commenced a cash tender offer to purchase any and all of its 5.875% Senior Notes due 2022. As of April 3, 2017, Cimarex had $750MM of the 2022 Notes outstanding. The tender offer will expire on April 7, 2017.

$XEC {{ '2017-02-24T17:36:56+0000' | timeago}} • Announcement

$XEC's BoD declared a quarterly cash dividend on its common stock of $0.08 per share. The dividend is payable on June 1, 2017, to stockholders of record on May 15, 2017.

$XEC {{ '2017-02-16T17:00:41+0000' | timeago}} • Webcast

In terms of M&A, $XEC said it is always in the hunt for good opportunities, but the hurdle is high currently. The company said any M&A investment right now will have to compete with other internal investment opportunities that the company have for its cash flow.

$XEC {{ '2017-02-16T16:31:18+0000' | timeago}} • Webcast

For 2017, $XEC plans to spend $850-900MM (76% of exploration and development capital) on drilling and completing wells. The company said it will spend two-thirds of drilling and completion capital in the Premian region during the year.

$XEC {{ '2017-02-16T16:18:19+0000' | timeago}} • Webcast

In 2017, at the midpoint of guidance, $XEC expects to grow overall company production by 13%, which will be led by a 25% increase in oil volumes. Furthermore, the company projects its oil volume for 4Q17 to increase 30% to 35% over 4Q16 oil volumes.

$XEC {{ '2017-02-16T15:03:26+0000' | timeago}} • Announcement

For FY17, $XEC anticipates its exploration and development capital to be approx. $1.1-1.2Bil, up 56% from FY16. The total company production is expected to average 1.06-1.11 Bcfe.

$XEC {{ '2017-02-15T21:37:24+0000' | timeago}} • Announcement

$XEC's total company production volumes averaged 960MM cubic feet equivalent (MMcfe) per day in 4Q16, down 3% from a year ago and within company guidance. Additionally, $XEC invested $735MM in exploration and development in 2016, down 16% from the $877MM in 2015.

$XEC {{ '2017-02-15T21:36:56+0000' | timeago}} • Announcement

Oil and natural gas company $XEC reported an earnings for 4Q16 compared to a loss a year ago, driven by higher revenue. Net income for the quarter was $38.19MM or $0.40 per share compared to a net loss of $630.51MM or $6.78 loss per share a year ago. Revenue increased 22.76% to $382.15MM from $311.28MM. Excluding items, $XEC earned $0.60 per share.

$XEC {{ '2016-11-03T19:58:14+0000' | timeago}} • Webcast

On bolt-on opportunities in 2017, $XEC commented the company looks at every deal possible. The company also added that it would like to get more bolt-on acreage along with the deals.

$XEC {{ '2016-11-03T19:00:35+0000' | timeago}} • Webcast

$XEC's production came in below guidance in 3Q16, averaging 947MM cubic feet equivalent per day, just below the guidance of 950-980MM cubic feet equivalent per day. The company's 3Q16 Permian volume of 517MM a day rose 2% sequentially, while the Midcontinent volume of 427MM a day was down 2%.

$XEC {{ '2016-11-02T23:31:34+0000' | timeago}} • Announcement

In 2017, $XEC now expects capital investment associated with drilling and completions to be about $600MM, compared to the estimated $600MM in 2016. The company estimates to generate average production of 1,050 – 1,100 million cubic feet equivalent (MMcfe) per day in 2017.

Recent Transcripts

GST (Gastar Exploration Inc.)
Thursday, May 11 2017 - 2:00pm
ESTE (Earthstone Energy, Inc.)
Wednesday, May 10 2017 - 3:00pm
XEC (Cimarex Energy Co.)
Wednesday, May 10 2017 - 3:00pm
MCF (Contango Oil & Gas Company)
Wednesday, May 10 2017 - 2:30pm
SRE (Sempra Energy)
Tuesday, May 9 2017 - 4:00pm
EPM (Evolution Petroleum Corp.)
Tuesday, May 9 2017 - 3:00pm
TESO (Tesco Corporation)
Tuesday, May 9 2017 - 2:00pm
NOG (Northern Oil and Gas, Inc.)
Monday, May 8 2017 - 3:00pm
EGN (Energen Corp.)
Friday, May 5 2017 - 3:00pm
BPL (Buckeye Partners, L.P.)
Friday, May 5 2017 - 3:00pm
APA (Apache Corp.)
Thursday, May 4 2017 - 6:00pm
BTU (Peabody Energy Corporation)
Thursday, May 4 2017 - 3:00pm
GTE (Gran Tierra Energy, Inc.)
Thursday, May 4 2017 - 3:00pm
DNR (Denbury Resources Inc.)
Thursday, May 4 2017 - 3:00pm
WPX (WPX Energy, Inc.)
Thursday, May 4 2017 - 2:00pm
CXO (Concho Resources, Inc.)
Thursday, May 4 2017 - 1:00pm
CHK (Chesapeake Energy Corporation)
Thursday, May 4 2017 - 1:00pm
STO (Statoil ASA)
Thursday, May 4 2017 - 11:30am
ITRI (Itron, Inc.)
Wednesday, May 3 2017 - 9:00pm
WLL (Whiting Petroleum Corp.)
Thursday, April 27 2017 - 3:00pm

AlphaGraphics you may like