$XEC (Cimarex Energy Co.)

$XEC {{ '2016-08-03T23:02:33+0000' | timeago}} • Announcement

$XEC's total company production averaged 974 million cubic feet equivalent (MMcfe) per day during 2Q16, a 5% decrease from 2Q15. YoverY natural gas volumes slid 1%, oil volumes decreased 21% and NGL volumes were up 10%. Realized oil prices dropped 21%, natural gas prices fell 27% and NGL prices slid 5%.

$XEC {{ '2017-12-08T21:18:57+0000' | timeago}} • Announcement

$XEC has declared a quarterly cash dividend on its common stock of $0.08 per share, payable on March 1, 2018, to stockholders of record on February 15, 2018.

$XEC {{ '2017-11-08T22:29:27+0000' | timeago}} • Infographic

$XEC Cimarex Energy Co.  Earnings AlphaGraphic: Q3 2017 Highlights

$XEC {{ '2017-11-07T22:20:18+0000' | timeago}} • Announcement

For 4Q17, $XEC expects its production volumes to average 1,175 - 1,225 MMcfe per day. Oil production is expected to grow by 32-37% when compared to 4Q16. For FY17, the total daily production volumes is estimated to average 1,134 - 1,147 MMcfe, up 18% from FY16.

$XEC {{ '2017-11-07T22:14:56+0000' | timeago}} • Announcement

Oil and natural gas company $XEC reported earnings of $91.4MM, or $0.96 per share, compared to net loss of $10.7MM, or $0.12 per share in 3Q16. Adj. EPS was $1.09 per share. Revenue jumped 38% YoY to $463.6MM.

$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.

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