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Cimarex: 1Q Earnings Snapshot

DENVER (AP) _ Cimarex Energy Co. (XEC) on Wednesday reported first-quarter net income of $26.3 million.

On a per-share basis, the Denver-based company said it had profit of 26 cents. Earnings, adjusted for non-recurring costs, were $1.20 per share.

The results fell short of Wall Street expectations. The average estimate of 20 analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.

The oil and natural gas company posted revenue of $577 million in the period, which beat Street forecasts. Twenty-one analysts surveyed by Zacks expected $575.6 million.

Cimarex shares have increased 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $67.23, a fall of 33% in the last 12 months.


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