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Cimarex Energy Co (XEC.N)

XEC.N on New York Stock Exchange

75.22USD
7 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Cimarex Energy entered an Agreement and Plan of Merger with Resolute Energy Corp
Tuesday, 20 Nov 2018 09:30am EST 

Nov 20 (Reuters) - Resolute Energy Corp ::CIMAREX ENERGY SAYS UPON TERMINATION OF DEAL WITH RESOLUTE UNDER SPECIFIED CIRCUMSTANCES, RESOLUTE TO PAY CO TERMINATION FEE OF $35.9 MILLION - SEC FILING.CIMAREX ENERGY - IF DEAL TERMINATED FOR FAILURE OF RESOLUTE’S STOCKHOLDERS TO APPROVE PROPOSALS, RESOLUTE TO PAY CO FOR ITS DEAL EXPENSES OF $7.5 MILLION.  Full Article

Cimarex Energy - Acquired Assets From Resolute Energy Are Self-Funding In 2019
Monday, 19 Nov 2018 06:56am EST 

Nov 19 (Reuters) - Cimarex Energy Co ::CIMAREX ENERGY - ACQUIRED ASSETS FROM RESOLUTE ENERGY ARE SELF-FUNDING IN 2019 - SEC FILING.  Full Article

Cimarex To Acquire Delaware Pure-Play Resolute For $1.6 Billion
Monday, 19 Nov 2018 06:30am EST 

Nov 19 (Reuters) - Cimarex Energy Co ::CIMAREX TO ACQUIRE DELAWARE PURE-PLAY RESOLUTE FOR $1.6 BILLION.CIMAREX ENERGY CO - EXPECTED TO BE ACCRETIVE TO EPS AND NON-GAAP CFPS IN 2019.CIMAREX ENERGY CO - TRANSACTION WAS UNANIMOUSLY APPROVED BY BOTH COMPANIES' BOARDS OF DIRECTORS..CIMAREX ENERGY CO - DEAL FOR $35.00 PER SHARE.CIMAREX ENERGY CO - EXPECTS COMBINED COMPANIES TO GENERATE FREE CASH FLOW IN 2020.CIMAREX ENERGY CO - UPON CLOSING, BOARD OF DIRECTORS AND EXECUTIVE TEAM OF CIMAREX WILL REMAIN UNCHANGED.CIMAREX ENERGY CO - DEAL FOR COMBINATION OF $14 PER SHARE IN CASH AND 0.2366 SHARE OF COMMON STOCK.CIMAREX ENERGY CO - RESULTING CAPITAL STRUCTURE IS EXPECTED TO HAVE NO IMPACT ON CO'S INVESTMENT GRADE CREDIT RATING.CIMAREX ENERGY - CASH PORTION OF DEAL IS EXPECTED TO BE FUNDED WITH CASH & BORROWINGS UNDER CO'S REVOLVING CREDIT FACILITY.CIMAREX ENERGY - SHAREHOLDERS WILL OWN ABOUT 94.4% OF COMBINED CO, & RESOLUTE SHAREHOLDERS WILL OWN ABOUT 5.6%.CIMAREX ENERGY CO - DEAL FOR TOTAL PURCHASE PRICE OF APPROXIMATELY $1.6 BILLION, INCLUDING RESOLUTE'S LONG TERM DEBT OF $710 MILLION, AS OF SEPTEMBER 30, 2018.  Full Article

Cimarex Energy Q2 Earnings Per Share $1.48
Tuesday, 7 Aug 2018 04:17pm EDT 

Cimarex Energy Co ::CIMAREX REPORTS SECOND QUARTER 2018 RESULTS.Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.59.Q2 EARNINGS PER SHARE $1.48.Q2 EARNINGS PER SHARE VIEW $1.64 -- THOMSON REUTERS I/B/E/S.2018 CAPITAL GUIDANCE UNCHANGED.QTRLY DAILY PRODUCTION AVERAGED 211.4 MBOE; OIL PRODUCTION UP SEVEN PERCENT YEAR-OVER-YEAR.OIL PRODUCTION EXPECTED TO GROW 20-25 PERCENT YEAR-OVER-YEAR.TOTAL 2018 DAILY PRODUCTION VOLUMES ARE NOW EXPECTED TO AVERAGE 214 - 221 MBOE PER DAY.ANNUAL OIL VOLUMES NOW ESTIMATED TO AVERAGE 66,000 - 68,000 BARRELS PER DAY. FOR 2018.COMPANY EXPECTS OIL VOLUMES IN Q4 2018 TO AVERAGE 75,000 - 81,000 BARRELS PER DAY.  Full Article

Cimarex Q3 adjusted non-GAAP earnings per share $1.09
Tuesday, 7 Nov 2017 04:05pm EST 

Nov 7 (Reuters) - Cimarex Energy Co ::Cimarex reports third quarter 2017 results.Q3 adjusted non-GAAP earnings per share $1.09.Q3 earnings per share $0.96.Q3 earnings per share view $0.97 -- Thomson Reuters I/B/E/S.Cimarex Energy Co - ‍Q4 2017 production volumes are expected to average 1,175 - 1,225 mmcfe (195.8 - 204.2 mboe) per day​.Cimarex Energy Co - ‍oil production is expected to grow 32 - 37 percent in q4 2017 versus q4 2016​.Cimarex energy co - ‍total daily production volumes for full year 2017 are now estimated to average 1,134 - 1,147 MMCFE (189.0 - 191.2 mboe)​.  Full Article

Cimarex updates 2017 capital plans, gives production and expense guidance
Wednesday, 15 Feb 2017 04:05pm EST 

Cimarex Energy Co : Cimarex updates 2017 capital plans; gives production and expense guidance . Announced projected 2017 exploration and development capital of $1.1 - 1.2 billion . An additional $60 million is earmarked for midstream and other infrastructure for 2017 . For 2017, total company production is projected to average 1.06 - 1.11 billion cubic feet equivalent (BCFE) per day . Q4 2017 oil production is projected to increase 30-35 percent over Q4 2016 levels .Q1 2017 output is expected to average 1.01 - 1.05 BCFE per day.  Full Article

Cimarex reports Q4 adj. earnings per share $0.60
Wednesday, 15 Feb 2017 04:05pm EST 

Cimarex Energy Co : Cimarex reports fourth-quarter and full-year 2016 results . Q4 adjusted non-GAAP earnings per share $0.60 . Q4 earnings per share $0.40 . Q4 earnings per share view $0.58 -- Thomson Reuters I/B/E/S . Total company production volumes averaged 960 million cubic feet equivalent (MMCFE) per day in Q4 . Cimarex Energy Co - total debt at Dec 31, 2016 consisted of $1.5 billion of long-term notes, with $750 million maturing in 2022 and $750 million maturing in 2024 .Cimarex Energy Co - had no borrowings under its revolving credit facility and had a cash balance of $653 million at quarter end.  Full Article

Cimarex to pay $1.6 billion for fellow Permian firm Resolute

Oil and gas producer Cimarex Energy Co on Monday agreed to buy smaller rival Resolute Energy Corp for $1.6 billion including debt, adding more assets in the shale-rich Permian Basin for a premium of roughly 15 percent.