Cimarex Energy

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.

Company Growth (employees)
Type
Public
HQ
Denver, US
Founded
2002
Size (employees)
856 (est)
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
USD

Revenue (Q1, 2017)

447.2 m

Net income (Q1, 2017)

131 m

EBIT (Q1, 2017)

221.5 m

Market capitalization (17-Aug-2017)

9 b

Cash (31-Mar-2017)

578.9 m
Cimarex Energy's current market capitalization is $9 b.
USDFY, 2015FY, 2016

Revenue

1.5 b1.3 b

Revenue growth, %

(40%)(13%)

General and administrative expense

73.9 m

Operating expense total

5.2 b1.9 b

EBIT

(3.7 b)(606.9 m)

EBIT margin, %

(258%)(48%)

Interest expense

85.7 m83.3 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)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

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

General and administrative expense

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

Operating expense total

15.9 m14.1 m20.4 m13.9 m21.4 m20.1 m18 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 m21.3 m21.4 m20.8 m20.8 m20.9 m21.1 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 m431.4 m(414.9 m)(600.2 m)(763.3 m)(186.1 m)(270.3 m)(12.8 m)131 m
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

Current Assets

469.1 m931.8 m1.1 b969.3 m

Goodwill

620.2 m620.2 m620.2 m620.2 m

Total Assets

7.3 b8.7 b5.2 b4.7 b

Accounts Payable

49.2 m

Current Liabilities

683.2 m776.3 m410.1 m522.4 m

Total Liabilities

2.3 b

Additional Paid-in Capital

2 b2 b2.8 b2.8 b

Retained Earnings

2.1 b2.5 b33.3 m(405.3 m)

Total Equity

4 b4.5 b2.8 b2.4 b

Financial Leverage

1.8 x1.9 x1.9 x2 x
USDQ2, 2014Q3, 2014Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

128.6 m563.7 m676.6 m641.7 m698.7 m578.9 m

Current Assets

686.4 m1.1 b931.1 m917.6 m966.5 m949.2 m

Goodwill

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

Total Assets

8.4 b8.6 b4.9 b4.5 b4.5 b4.4 b

Accounts Payable

126.3 m123.4 m39.2 m55.6 m53.4 m62 m

Current Liabilities

801.2 m815.6 m357.1 m403.3 m441.3 m507.3 m

Additional Paid-in Capital

2 b2 b2.8 b2.8 b2.8 b2.8 b

Retained Earnings

2.3 b2.4 b(160.4 m)(430.7 m)(443.5 m)(562.6 m)

Total Equity

4.3 b4.4 b2.6 b2.3 b2.3 b2.2 b

Financial Leverage

2 x2 x1.9 x1.9 x1.9 x2 x
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)

Cash From Operating Activities

1.3 b1.6 b691.5 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 m522.4 m690.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

287.1 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

368.9 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
USDY, 2017

Revenue/Employee

522.4 k

Financial Leverage

2 x

Cimarex Energy Market Value History

Traffic Overview of Cimarex Energy

Cimarex Energy Online and Social Media Presence

Cimarex Energy Company Life and Culture

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