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(Q1, 2017)

$447.2 M

Market capitalization(2017-08-17)

$9 B

Company Growth (employees)

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

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

Cimarex Energy Data and Metrics

Cimarex Energy Financial Metrics

Cimarex Energy's revenue was reported to be $447.2 m in Q1, 2017

Summary

USD

Cimarex Energy's current market capitalization is $9 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	5.2 b	1.9 b
EBIT	(3.7 b)	(606.9 m)
EBIT margin, %	(258%)	(48%)
Interest expense	85.7 m	83.3 m
Pre tax profit	(3.8 b)	(658.3 m)
Income tax expense	(1.4 b)	(227.2 m)
Net Income	(2.4 b)	(431 m)

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue			361 m	424.3 m	356.1 m	240.6 m	298.9 m	335.7 m	447.2 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
Operating expense total			15.9 m	14.1 m	20.4 m	13.9 m	21.4 m	20.1 m	18 m
EBIT			(635.4 m)	(933.4 m)	(1.2 b)	(278.1 m)	(411.3 m)	(7.3 m)	221.5 m
EBIT margin, %			(176%)	(220%)	(331%)	(116%)	(138%)	(2%)	50%
Interest expense			21.3 m	21.3 m	21.4 m	20.8 m	20.8 m	20.9 m	21.1 m
Pre tax profit			(643.7 m)	(942.3 m)	(1.2 b)	(292.3 m)	(424.5 m)	(19 m)	209.3 m
Income tax expense			(228.7 m)	(342.1 m)	(428.5 m)	(106.2 m)	(154.2 m)	(6.2 m)	78.3 m
Net Income	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

Balance Sheet

Annual

USD	Y, 2009	Y, 2010	Y, 2011	Y, 2012	Y, 2013	Y, 2014	Y, 2015	FY, 2016
Cash	2.5 m	114.1 m	2.4 m	69.5 m	4.5 m	405.9 m	779.4 m	652.9 m
Current Assets					469.1 m	931.8 m	1.1 b	969.3 m
Goodwill					620.2 m	620.2 m	620.2 m	620.2 m
Total Assets					7.3 b	8.7 b	5.2 b	4.7 b
Accounts Payable								49.2 m
Current Liabilities					683.2 m	776.3 m	410.1 m	522.4 m
Total Liabilities								2.3 b
Additional Paid-in Capital					2 b	2 b	2.8 b	2.8 b
Retained Earnings					2.1 b	2.5 b	33.3 m	(405.3 m)
Total Equity					4 b	4.5 b	2.8 b	2.4 b
Financial Leverage					1.8 x	1.9 x	1.9 x	2 x

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	128.6 m	563.7 m	676.6 m	641.7 m	698.7 m	578.9 m
Current Assets	686.4 m	1.1 b	931.1 m	917.6 m	966.5 m	949.2 m
Goodwill	620.2 m	620.2 m	620.2 m	620.2 m	620.2 m	620.2 m
Total Assets	8.4 b	8.6 b	4.9 b	4.5 b	4.5 b	4.4 b
Accounts Payable	126.3 m	123.4 m	39.2 m	55.6 m	53.4 m	62 m
Current Liabilities	801.2 m	815.6 m	357.1 m	403.3 m	441.3 m	507.3 m
Additional Paid-in Capital	2 b	2 b	2.8 b	2.8 b	2.8 b	2.8 b
Retained Earnings	2.3 b	2.4 b	(160.4 m)	(430.7 m)	(443.5 m)	(562.6 m)
Total Equity	4.3 b	4.4 b	2.6 b	2.3 b	2.3 b	2.2 b
Financial Leverage	2 x	2 x	1.9 x	1.9 x	1.9 x	2 x

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)
Cash From Operating Activities	1.3 b	1.6 b	691.5 m
Cash From Investing Activities	(1.5 b)	(1.7 b)	(1 b)
Dividends Paid	(46.7 m)	(53.8 m)	(58.3 m)
Cash From Financing Activities	141.7 m	522.4 m	690.6 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	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
Depreciation and Amortization	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

Ratios

USD	Y, 2017
Revenue/Employee	522.4 k
Financial Leverage	2 x

Cimarex Energy Market Value History

Market Position of Cimarex Energy

Competitors

Tesco Corporation

Energy & Utilities - Public

Clayton Williams Energy

Energy & Utilities - Public

Helmerich & Payne

Energy & Utilities - Public

SRC Energy

Energy & Utilities - Public

Compare competitors

Cimarex Energy

Company Growth (employees)

Cimarex Energy Office Locations

Cimarex Energy Data and Metrics

Cimarex Energy Financial Metrics

Summary

Revenue (Q1, 2017)

Net income (Q1, 2017)

EBIT (Q1, 2017)

Market capitalization (17-Aug-2017)

Cash (31-Mar-2017)

Income Statement

Revenue

Revenue growth, %

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Pre tax profit

Income tax expense

Net Income

Revenue

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Pre tax profit

Income tax expense

Net Income

Balance Sheet

Cash

Current Assets

Goodwill

Total Assets

Accounts Payable

Current Liabilities

Total Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash

Current Assets

Goodwill

Total Assets

Accounts Payable

Current Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash Flow

Net Income

Depreciation and Amortization

Accounts Payable

Cash From Operating Activities

Cash From Investing Activities

Dividends Paid

Cash From Financing Activities

Net Income

Depreciation and Amortization

Accounts Payable

Ratios

Revenue/Employee

Financial Leverage

Cimarex Energy Market Value History

Market Position of Cimarex Energy

Competitors

Traffic Overview of Cimarex Energy

Cimarex Energy Online and Social Media Presence

Cimarex Energy Company Life and Culture

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