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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 CultureAMore
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Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)987(+4%)
Revenue (FY, 2019)$2.4 B(+2%)
Share Price (Jan 2021)$47.5 (-3%)
Cybersecurity ratingCMore

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
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Cimarex Energy Financials and Metrics

Cimarex Energy Revenue

Cimarex Energy's revenue was reported to be $2.36 b in FY, 2019
USD

Revenue (Q3, 2020)

249.8m

Market capitalization (15-Jan-2021)

4.8b

Closing stock price (15-Jan-2021)

47.5

Cash (30-Sept-2020)

273.0m

EV

8.8b
Cimarex Energy's current market capitalization is $4.8 b.
Annual
USDFY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

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

Revenue growth, %

21%(40%)(13%)

General and administrative expense

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

Operating expense total

66.0m53.2m55.5m79.4m209.8m81.2m74.7m73.9m80.0m80.9m95.8m
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, 2020

Revenue

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

General and administrative expense

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

Operating expense total

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

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)
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Annual
USDFY, 2009Y, 2009Y, 2010FY, 2010Y, 2011FY, 2011FY, 2012Y, 2012Y, 2013FY, 2013FY, 2014Y, 2014FY, 2015Y, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

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

Accounts Receivable

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

Prepaid Expenses

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

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, 2020

Cash

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

Accounts Receivable

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

Prepaid Expenses

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

Current Assets

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

Net Income

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

Accounts Payable

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

Cash From Operating Activities

675.2m1.1b1.3b1.2b1.3b1.6b691.5m599.2m1.1b1.6b1.3b

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, 2020

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)

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)

Cash From Operating Activities

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

Purchases of PP&E

(284.4m)(284.4m)(284.4m)
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USDFY, 2009

Financial Leverage

1.7 x
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Cimarex Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

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Cimarex Energy Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Cimarex Energy Online and Social Media Presence

Cimarex Energy's Trends

Embed Graph

Cimarex Energy Company Culture

  • Overall Culture

    A

    84/100

  • CEO Rating

    A+

    90/100

  • Compensation

    A+

    100/100

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Cimarex Energy News and Updates

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...
October 01, 2020

Blackbuck Resources Acquires Whites City Water Infrastructure from Cimarex Energy Co.

Houston, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Blackbuck Resources LLC (“BBR”), which designs, builds and operates water infrastructure, announced it has closed on a transaction to purchase Cimarex Energy Co.’s (“Cimarex”) Whites City water infrastructure in Eddy County, New Mexico. The acquired asset…
July 24, 2019

OAG Analytics Announces Strategic Partnership with Cimarex Energy

HOUSTON and DENVER, July 24, 2019 /PRNewswire/ -- OAG Analytics ("OAG"), an expert in machine learning and artificial intelligence (AI) in the oil and gas industry, today announced a multi-year strategic partnership with Cimarex Energy Co. Cimarex Chairman, President and Chief Executive...
March 18, 2019

Cimarex Energy Approves Dividend on Preferred Stock

DENVER, March 18, 2019 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today announced that its Board of Directors approved a cash dividend of $20.3125 per share on its 8⅛ percent Series A Cumulative Perpetual Convertible Preferred Stock, which was issued to replace Resolute Energy...
February 22, 2019

Stockholders of Resolute Energy Approve Merger with Cimarex Energy Co.

DENVER, Feb. 22, 2019 (GLOBE NEWSWIRE) -- Resolute Energy Corporation (NYSE: REN) (“Resolute” or the “Company”) today announced that at a special meeting of stockholders held earlier today, Resolute’s stockholders voted to approve the adoption of the merger agreement between Resolute and Cimarex E…
December 06, 2018

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...
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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 $2.4 b.

  • What is Cimarex Energy revenue per employee?

    Latest Cimarex Energy revenue per employee is $2.4 m.

  • Who are Cimarex Energy competitors?

    Competitors of Cimarex Energy include Fremont, Lapidoth and Citadel Exploration.

  • 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.