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.

Type
Public
HQ
Denver, US
Founded
2002
Size (employees)
856 (est)
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 Financials

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, 2017)

456.5 m

Net income (Q2, 2017)

97.3 m

EBIT (Q2, 2017)

196.5 m

Market capitalization (23-Apr-2018)

9.6 b

Cash (30-Jun-2017)

519.6 m
Cimarex Energy's current market capitalization is $9.6 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, 2017

Revenue

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

General and administrative expense

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

Operating expense total

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

EBIT

(635.4 m)(933.4 m)(1.2 b)(278.1 m)(411.3 m)(7.3 m)221.5 m196.5 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, 2017

Cash

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

Current Assets

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

Goodwill

620.2 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 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, 2017

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 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

Cash From Operating Activities

940.7 m348 m769.8 m1.3 b
USDY, 2017

Financial Leverage

2 x
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