Cimarex Energy is an independent oil and gas exploration and production company. The Company's approach is focused on drill-bit driven growth in production and reserves utilizing risked rate of return economics to evaluate projects. The Company relies heavily on the organization of geoscientists to generate the company's drilling prospects.

Cimarex Energy has decentralized exploration teams who are experts in their regions. A cornerstone to the company's approach is detailed evaluation of each drilling decision based on its risk-adjusted discounted cash flow rate of return on investment. The Company's analysis includes estimates and assessments of potential reserve size, geologic and mechanical risks, expected costs and future production profiles.

TypePublic
HQDenver, US
Founded2002
Size (employees)856 (est)
Websitecimarex.com
Cimarex Energy was founded in 2002 and is headquartered in Denver, US
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Cimarex Energy Office Locations

Cimarex Energy has offices in Denver, Tulsa and Midland
Denver, US (HQ)
1800 1700 Lincoln St
Midland, US
600 N Marienfeld St
Tulsa, US
1000 202 S Cheyenne Ave
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Cimarex Energy Financials and Metrics

Cimarex Energy Revenue

Cimarex Energy's revenue was reported to be $1.26 b in FY, 2016 which is a 13.4% decrease from the previous period.
USD

Revenue (Q2, 2018)

1.1 b

Net income (Q2, 2018)

327.3 m

EBIT (Q2, 2018)

443.2 m

Market capitalization (20-Sep-2018)

8.6 b

Closing stock price (20-Sep-2018)

90.4

Cash (30-Jun-2018)

410.8 m

EV

9.7 b
Cimarex Energy's current market capitalization is $8.6 b.
Annual
USDFY, 2015FY, 2016

Revenue

1.5 b1.3 b

Revenue growth, %

(40%)(13%)

General and administrative expense

73.9 m

Operating expense total

73.9 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

361 m424.3 m356.1 m240.6 m298.9 m335.7 m447.2 m456.5 m567.1 m1.1 b

General and administrative expense

15.9 m14.1 m20.4 m13.9 m21.4 m20.1 m18 m19.8 m23.3 m43.1 m

Operating expense total

996.4 m1.4 b1.5 b518.7 m710.2 m343.1 m225.7 m260 m316.5 m680.2 m

EBIT

(635.4 m)(933.4 m)(1.2 b)(278.1 m)(411.3 m)(7.3 m)221.5 m196.5 m250.7 m443.2 m
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

2.5 m114.1 m2.4 m69.5 m4.5 m405.9 m779.4 m652.9 m

Accounts Receivable

Inventories

Current Assets

469.1 m931.8 m1.1 b969.3 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

4.5 m4.5 m128.6 m563.7 m676.6 m641.7 m698.7 m578.9 m519.6 m463.8 m410.8 m

Current Assets

496.9 m514.7 m686.4 m1.1 b931.1 m917.6 m966.5 m949.2 m927.9 m978 m990.1 m

Goodwill

620.2 m620.2 m620.2 m620.2 m620.2 m620.2 m620.2 m620.2 m620.2 m620.2 m620.2 m

Total Assets

7.1 b7.6 b8.4 b8.6 b4.9 b4.5 b4.5 b4.4 b4.6 b5.3 b5.5 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

564.7 m507.2 m(2.4 b)(431 m)

Depreciation and Amortization

615.9 m806 m778.9 m465.9 m

Accounts Payable

(13.3 m)(276.7 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

357.9 m138.5 m287.1 m431.4 m(414.9 m)(600.2 m)(763.3 m)(186.1 m)(270.3 m)(12.8 m)131 m186.3 m327.3 m

Depreciation and Amortization

442.9 m173.9 m368.9 m588.3 m216.8 m217.5 m185.7 m128.1 m123.9 m109.3 m95.8 m

Accounts Payable

126.3 m123.4 m74.7 m71.5 m71.6 m39.2 m55.6 m53.4 m(30.5 m)(29.3 m)

Cash From Operating Activities

940.7 m348 m769.8 m1.3 b383.1 m704.3 m
USDY, 2018

EV/EBIT

21.9 x

EV/CFO

13.8 x

Financial Leverage

1.9 x
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Cimarex Energy Online and Social Media Presence

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Cimarex Energy News and Updates

Cimarex Energy Increases Quarterly Cash Dividend

DENVER, Aug. 30, 2018 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) announced today that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.18 per share. The dividend is payable on November 30, 2018, to stockholders of record on November 15, 2018....

Cimarex Energy Increases Quarterly Cash Dividend

DENVER, Aug. 30, 2018 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) announced today that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.18 per share. The dividend is payable on November 30, 2018, to stockholders of record on November 15, 2018....
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Cimarex Energy Company Life and Culture

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