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Cimarex: 3Q Earnings Snapshot

November 6, 2018

DENVER (AP) _ Cimarex Energy Co. (XEC) on Tuesday reported third-quarter profit of $148.4 million.

On a per-share basis, the Denver-based company said it had profit of $1.56. Earnings, adjusted for non-recurring costs, were $1.99 per share.

The results beat Wall Street expectations. The average estimate of 19 analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.

The oil and natural gas company posted revenue of $591.5 million in the period, also beating Street forecasts. Seventeen analysts surveyed by Zacks expected $553.3 million.

Cimarex shares have decreased 32 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $83.22, a drop of 34 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XEC at https://www.zacks.com/ap/XEC

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