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.

Employee Rating

3.8More
TypePublic
HQDenver, US
Founded2002
Size (employees)910 (est)+7%
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, (HQ)
1800 1700 Lincoln St
Midland,
600 N Marienfeld St
Tulsa,
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 $1.92 b in FY, 2017
USD

Revenue (Q3, 2018)

591.5m

Net income (Q3, 2018)

148.4m

EBIT (Q3, 2018)

196.7m

Market capitalization (4-Dec-2018)

7.7b

Closing stock price (4-Dec-2018)

80.9

Cash (30-Sep-2018)

863.9m

EV

8.4b
Cimarex Energy's current market capitalization is $7.7 b.
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Revenue

2.0b1.5b1.3b1.9b

Revenue growth, %

(40%)(13%)

General and administrative expense

77.5m74.7m73.9m80.0m

Operating expense total

1.1b5.2b1.8b1.2b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

361.0m424.3m356.1m240.6m298.9m335.7m447.2m456.5m567.1m556.3m591.5m

General and administrative expense

15.9m14.1m20.4m13.9m21.4m20.1m18.0m19.8m23.3m19.7m21.1m

Operating expense total

996.4m1.4b1.5b518.7m710.2m343.1m225.7m260.0m316.5m363.8m394.8m

Depreciation and amortization

217.5m185.7m128.1m123.9m109.3m95.8m107.9m
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013FY, 2013Y, 2014FY, 2015Y, 2015FY, 2016FY, 2017

Cash

2.5m114.1m2.4m69.5m4.5m4.5m405.9m779.4m779.4m652.9m400.5m

Accounts Receivable

Inventories

Current Assets

469.1m469.1m931.8m1.1b1.1b969.3m935.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

564.7m507.2m(2.4b)(408.8m)494.3m

Depreciation and Amortization

615.9m806.0m778.9m392.3m

Inventories

Accounts Payable

(13.3m)(276.7m)(1.5m)115.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

357.9m138.5m287.1m431.4m(414.9m)(600.2m)(763.3m)(186.1m)(456.4m)(469.2m)131.0m228.2m319.6m186.3m327.3m475.7m

Depreciation and Amortization

442.9m173.9m368.9m588.3m216.8m217.5m185.7m128.1m252.0m361.3m95.8m203.7m

Accounts Payable

(13.6m)(8.6m)18.6m69.4m74.7m71.5m71.6m(41.7m)(27.8m)(2.4m)31.3m32.4m75.6m(30.5m)(29.3m)59.7m

Cash From Operating Activities

940.7m348.0m769.8m1.3b85.1m213.7m429.3m249.5m504.8m755.8m383.1m704.3m1.2b
USDY, 2018

EV/EBIT

42.5 x

EV/CFO

7.2 x

Debt/Equity

0.5 x

Debt/Assets

0.3 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 Declares Quarterly Cash Dividend

DENVER, Dec. 6, 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 March 1, 2019, to stockholders of record on February 15, 2019. About...

Resolute (REN) Alert: Johnson Fistel Investigates Proposed Sale of Resolute Energy Corporation to Cimarex Energy Co.; Are Shareholders Getting a Fair Deal?

SAN DIEGO, Nov. 19, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Resolute Energy Corporation (NYSE: REN) ("Resolute") breached their fiduciary duties in connection with the proposed sale of the Company ...

Cimarex Energy to buy smaller rival Resolute Energy in a $1.6 billion deal

Oil and gas producer Cimarex Energy said on Monday it would buy smaller rival Resolute Energy in deal valued at $1.6 billion, including debt.

Resolute Energy's stock set to surge after $1.6 billion buyout deal with Cimarex Energy

Shares of Resolute Energy Co. were indicated up over 8% in premarket trade Monday, after the oil and gas company announced a deal to be acquired by Cimarex Energy Co. in a cash and stock deal valued at $1.6 billion, including $710 million in debt. Under terms of the deal, Resolute shareholders can…

Cimarex Energy to buy smaller rival Resolute Energy in $1.6 bln deal

Oil and gas producer Cimarex Energy Co said on Monday it would buy smaller rival Resolute Energy Corp in deal valued at $1.6 billion, including debt.

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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Cimarex Energy Frequently Asked Questions

  • When was Cimarex Energy founded?

    Cimarex Energy was founded in 2002.

  • How many employees does Cimarex Energy have?

    Cimarex Energy has 910 employees.

  • What is Cimarex Energy revenue?

    Latest Cimarex Energy annual revenue is $1.9 b.

  • What is Cimarex Energy revenue per employee?

    Latest Cimarex Energy revenue per employee is $2.1 m.

  • Who are Cimarex Energy competitors?

    Competitors of Cimarex Energy include Helmerich & Payne, Alta Mesa Holdings and Citadel Exploration.

  • Where is Cimarex Energy headquarters?

    Cimarex Energy headquarters is located at 1800 1700 Lincoln St, Denver.

  • Where are Cimarex Energy offices?

    Cimarex Energy has offices in Denver, Tulsa and Midland.

  • How many offices does Cimarex Energy have?

    Cimarex Energy has 3 offices.