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Cimarex Energy

OverviewSuggest Edit

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.

TypePublic
Founded2002
HQDenver, CO, USMap
Websitecimarex.com
Employee Ratings3.6More
Overall CultureC+More
View Jobs (13)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)987(+4%)
Job Openings13
Revenue (FY, 2020)$1.6 B(-34%)
Share Price (Sept 2021)$80.1(+8%)
Cybersecurity ratingDMore

Cimarex Energy Office Locations

Cimarex Energy has offices in Denver, Midland and Tulsa
Denver, CO, US (HQ)
1700 Lincoln St #1800
Midland, TX, US
600 N Marienfeld St
Tulsa, OK, US
202 S Cheyenne Ave #1000
Show all (3)

Cimarex Energy Financials and Metrics

Cimarex Energy Revenue

Cimarex Energy's revenue was reported to be $1.56 b in FY, 2020
USD

Revenue (Q1, 2021)

679.5m

Net income (Q1, 2021)

128.1m

EBIT (Q1, 2021)

179.6m

Market capitalization (15-Sept-2021)

8.2b

Closing stock price (15-Sept-2021)

80.1

Cash (31-Mar-2021)

523.8m

EV

11.9b
Cimarex Energy's current market capitalization is $8.2 b.
Annual
USDFY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.0b1.6b1.8b1.6b2.0b2.4b1.5b1.3b1.9b2.3b2.4b1.6b

Revenue growth, %

21%(40%)(13%)

General and administrative expense

41.7m48.6m45.3m54.4m77.5m81.2m74.7m73.9m80.0m80.9m95.8m111.0m

Operating expense total

66.0m53.2m55.5m79.4m209.8m81.2m74.7m73.9m80.0m80.9m95.8m111.0m
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

448.6m378.5m378.6m426.6m467.2m433.8m423.0m353.1m406.9m426.4m493.8m561.3m599.2m636.7m649.7m361.0m424.3m356.1m240.6m298.9m335.7m447.2m456.5m463.7m567.1m556.3m591.5m577.0m546.5m582.3m472.8m138.8m249.8m679.5m

General and administrative expense

13.0m11.8m11.3m14.7m10.6m9.4m14.1m12.6m14.7m15.6m22.8m19.0m20.7m16.6m20.2m15.9m14.1m20.4m13.9m21.4m20.1m18.0m19.8m21.0m23.3m19.7m21.1m29.1m24.9m15.5m25.5m25.3m

Operating expense total

14.9m13.7m13.6m18.1m13.0m11.8m16.5m15.4m17.0m18.5m25.2m21.5m20.8m16.7m20.4m15.9m14.1m20.4m13.9m21.4m20.1m18.0m19.8m21.0m23.3m19.7m21.1m29.1m24.9m15.5m25.5m25.3m

EBIT

322.8m199.6m199.1m188.5m263.3m203.4m165.2m115.4m130.0m144.5m204.1m224.6m220.0m240.4m228.8m(635.4m)(933.4m)(1.2b)(278.1m)(411.3m)(7.3m)221.5m196.5m149.5m250.7m192.5m196.7m48.1m149.1m63.8m(781.7m)179.6m
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Annual
USDFY, 2009Y, 2009Y, 2010FY, 2010Y, 2011FY, 2011Y, 2012FY, 2012Y, 2013FY, 2013Y, 2014FY, 2014Y, 2015FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

2.5m2.5m114.1m114.1m2.4m2.4m69.5m69.5m4.5m4.5m405.9m405.9m779.4m779.4m652.9m400.5m800.7m94.7m273.1m

Accounts Receivable

3.8m25.0m47.6m439.0k532.0k436.0k38.0k

Prepaid Expenses

14.0m33.9m7.4m7.4m7.9m9.4m7.0m8.5m7.6m10.8m7.1m

Inventories

Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

62.5m142.1m148.1m54.1m13.2m57.2m4.4m96.9m5.4m18.5m4.5m4.5m4.5m128.6m563.7m120.9m856.9m899.3m676.6m641.7m698.7m578.9m519.6m422.8m463.8m410.8m863.9m20.9m19.4m23.9m88.7m43.8m273.0m523.8m

Accounts Receivable

267.4m217.8m232.2m308.9m293.4m343.2m361.6m251.6m335.0m333.6m381.6m391.1m403.3m449.5m430.7m192.2m229.6m227.0m12.0k

Prepaid Expenses

12.9m32.3m60.5m49.4m12.3m8.5m7.2m6.7m6.4m7.1m5.8m6.9m7.9m6.6m5.4m5.1m3.5m5.7m5.9m3.9m7.2m7.4m4.1m8.1m9.0m6.2m10.0m10.3m6.1m5.9m

Current Assets

519.1m527.6m567.2m505.9m553.7m501.9m465.1m453.7m427.6m444.5m486.5m496.9m514.7m686.4m1.1b561.2m1.3b1.2b931.1m917.6m966.5m949.2m927.9m894.1m978.0m990.1m1.4b596.2m520.1m556.6m676.6m424.1m634.0m988.1m
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Annual
USDFY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(311.9m)574.8m529.9m353.8m564.7m507.2m(2.4b)(408.8m)494.3m791.9m(124.6m)(2.0b)

Accounts Payable

(63.1m)(8.6m)(6.6m)(2.6m)(13.3m)45.7m(276.7m)(1.5m)115.0m14.0m(184.6m)(161.7m)

Cash From Operating Activities

675.2m1.1b1.3b1.2b1.3b1.6b691.5m599.2m1.1b1.6b1.3b904.2m

Purchases of PP&E

(284.4m)
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

204.4m329.0m457.2m118.2m284.9m413.1m106.1m170.4m254.7m89.9m219.5m357.9m138.5m287.1m431.4m(414.9m)(1.0b)(1.8b)(186.1m)(456.4m)(469.2m)131.0m228.2m319.6m186.3m327.3m475.7m26.3m135.6m176.2m(774.3m)(1.7b)(2.0b)128.1m

Accounts Payable

6.9m(27.5m)21.1m(38.4m)(16.7m)(31.8m)(49.0m)(71.5m)(31.7m)(23.9m)(28.7m)(13.6m)(8.6m)18.6m69.4m(156.1m)(177.4m)(222.7m)(41.7m)(27.8m)(2.4m)31.3m32.4m75.6m(30.5m)(29.3m)59.7m(135.3m)(140.3m)(146.3m)(117.2m)(203.6m)(161.6m)101.5m

Cash From Operating Activities

299.1m572.3m886.7m265.3m639.1m971.5m251.9m574.9m836.1m247.1m569.8m940.7m348.0m769.8m1.3b113.2m370.5m576.5m85.1m213.7m429.3m249.5m504.8m755.8m383.1m704.3m1.2b250.1m664.1m984.2m308.8m453.5m712.7m402.9m

Purchases of PP&E

(284.4m)(284.4m)(284.4m)
show all
USDFY, 2009

Financial Leverage

1.7 x
Show all financial metrics

Cimarex Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

D

66/100

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Cimarex Energy Online and Social Media Presence

Cimarex Energy's Trends

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Cimarex Energy Company Culture

  • Overall Culture

    C+

    68/100

  • CEO Rating

    B+

    73/100

  • Compensation

    C+

    70/100

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Cimarex Energy News and Updates

August 05, 2021

Cimarex Energy Co. Reports Second-Quarter 2021 Results

DENVER, Aug. 5, 2021 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today reported second-quarter 2021 financial and operating results. Net income for second-quarter 2021 totaled $113.4 million, or $1.10 per share. Net income for the quarter was impacted by a mark-to-market loss on the...
May 25, 2021

Time To Book Profits In Cimarex Energy Stock?

In a recent press release, Cimarex Energy (NYSE: XEC) announced an all-stock merger of equals with Cabot Oil & Gas (NYSE: COG). As the oil & gas industry faces an uncertain demand environment due to the pandemic, consolidation is key to superior investor returns and operational efficiencies.…
May 24, 2021

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Cimarex Energy Co. Merger

WILMINGTON, Del., May 24, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A. announces that it is investigating Cimarex Energy Co. (“Cimarex”) (NYSE: XEC) regarding possible breaches of fiduciary duties and other violations of law related to Cimarex’s agreement to be acquired by Cabot Oil & Gas Co. …
March 30, 2021

Pandemic Blues To Weigh On Cimarex Energy Stock

The shares of Cimarex Energy (NYSE: XEC) surpassed the pre-Covid level of $55 as OPEC announced the extension of production curtailments at its ministerial meeting on March 4. Cimarex is an independent exploration and production company with operations in Texas, New Mexico, and Oklahoma...
February 10, 2021

Cimarex Energy About To Put More Money In Your Pocke

On 2/12/21, Cimarex Energy will trade ex-dividend, for its quarterly dividend of $0.22, payable on 5/1/21. As a percentage of XEC's recent stock price of $50.25, this dividend works out to approximately 0.44%.
November 09, 2020

Is There Upside In Cimarex Energy Stock?

We believe that there is a sizable upside in Cimarex Energy stock at the current price of $26 as it is down by 50% since the beginning of this year. It traded at a pre-Covid high of $40 in February before dropping to the lows of $13 in March. Supported by the recovery in benchmark oil prices...
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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 987 employees.

  • What is Cimarex Energy revenue?

    Latest Cimarex Energy annual revenue is $1.6 b.

  • What is Cimarex Energy revenue per employee?

    Latest Cimarex Energy revenue per employee is $1.6 m.

  • Who are Cimarex Energy competitors?

    Competitors of Cimarex Energy include Calima Energy, Justiss Oil and Enteq Upstream.

  • Where is Cimarex Energy headquarters?

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

  • Where are Cimarex Energy offices?

    Cimarex Energy has offices in Denver, Midland and Tulsa.

  • How many offices does Cimarex Energy have?

    Cimarex Energy has 3 offices.