Cimarex today reported adjusted fourth-quarter 2013 net income of $117.6 million, or $1.35 per diluted share, compared to fourth-quarter 2012 adjusted net income of $102.8 million, or $1.19 per diluted share. For the year, adjusted net income totaled $469.3 million, or $5.38 per diluted share, as compared to 2012 adjusted net income of $366.8 million, or $4.22 per diluted share. See attached table to the financial [...]
Cimarex will host a conference call on Wednesday, February 19, 2014, at 11 a.m. MST to discuss its fourth-quarter and year-end 2013 financial and operating results. Earnings will be released before the market opens that day. The call will be webcast and is accessible via the company's website at www.cimarex.com. To access the live, interactive call, please dial 877-870-4263 ten minutes before the scheduled start time. A [...]
Cimarex today released its 2014 capital plan of $1.8 billion, 78 percent of which is earmarked for projects in the Delaware Basin. Total company production is expected to grow to an average 760-800 MMcfe per day in 2014, a midpoint increase of 13 percent over 2013. Estimated growth in oil production of 17-19 percent will outpace natural gas liquids and natural gas production growth. The capital program will be funded [...]
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