Cimarex Energy

Energy & Utilities drilling exploration oil & gas

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.

Revenue(FY, 2016)

$1.3 B

Market capitalization(2018-07-11)

$9.6 B

Type

Public

Denver, US

Founded

2002

Size (employees)

856 (est)

Website

cimarex.com

Cimarex Energy was founded in 2002 and is headquartered in Denver, US

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Cimarex Energy Office Locations

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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.

Summary

USD
Revenue (Q1, 2018)	567.1 m
Net income (Q1, 2018)	186.3 m
EBIT (Q1, 2018)	250.7 m
Market capitalization (11-Jul-2018)	9.6 b
Closing share price (11-Jul-2018)	100.5
Cash (31-Mar-2018)	463.8 m
EV	10.6 b

Cimarex Energy's current market capitalization is $9.6 b.

Income Statement

Annual

USD	FY, 2015	FY, 2016
Revenue	1.5 b	1.3 b
Revenue growth, %	(40%)	(13%)
General and administrative expense		73.9 m
Operating expense total		73.9 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Revenue	361 m	424.3 m	356.1 m	240.6 m	298.9 m	335.7 m	447.2 m	456.5 m	567.1 m
General and administrative expense	15.9 m	14.1 m	20.4 m	13.9 m	21.4 m	20.1 m	18 m	19.8 m	23.3 m
Operating expense total	996.4 m	1.4 b	1.5 b	518.7 m	710.2 m	343.1 m	225.7 m	260 m	316.5 m
EBIT	(635.4 m)	(933.4 m)	(1.2 b)	(278.1 m)	(411.3 m)	(7.3 m)	221.5 m	196.5 m	250.7 m

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Balance Sheet

Annual

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Cash	4.5 m	4.5 m	128.6 m	563.7 m	676.6 m	641.7 m	698.7 m	578.9 m	519.6 m	463.8 m
Current Assets	496.9 m	514.7 m	686.4 m	1.1 b	931.1 m	917.6 m	966.5 m	949.2 m	927.9 m	978 m
Goodwill	620.2 m	620.2 m	620.2 m	620.2 m	620.2 m	620.2 m	620.2 m	620.2 m	620.2 m	620.2 m
Total Assets	7.1 b	7.6 b	8.4 b	8.6 b	4.9 b	4.5 b	4.5 b	4.4 b	4.6 b	5.3 b

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	564.7 m	507.2 m	(2.4 b)	(431 m)
Depreciation and Amortization	615.9 m	806 m	778.9 m	465.9 m
Accounts Payable	(13.3 m)		(276.7 m)

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q1, 2018
Net Income	357.9 m	138.5 m	287.1 m	431.4 m	(414.9 m)	(600.2 m)	(763.3 m)	(186.1 m)	(270.3 m)	(12.8 m)	131 m	186.3 m
Depreciation and Amortization	442.9 m	173.9 m	368.9 m	588.3 m	216.8 m	217.5 m	185.7 m	128.1 m	123.9 m	109.3 m	95.8 m
Accounts Payable			126.3 m	123.4 m	74.7 m	71.5 m	71.6 m	39.2 m	55.6 m	53.4 m		(30.5 m)
Cash From Operating Activities	940.7 m	348 m	769.8 m	1.3 b								383.1 m