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Cimarex Energy Co. (NYSE: XEC) has declared a quarterly cash dividend of $0.27 per share, representing a 23% increase from the previous dividend of $0.22. This dividend will be payable on June 1, 2021, to stockholders of record as of May 14, 2021. The indicated annual rate stands at $1.08 per share.
As an independent oil and gas exploration and production company, Cimarex operates primarily in the Permian Basin and Mid-Continent areas of the U.S., highlighting its robust position in the energy sector.
Cimarex Energy Co. (NYSE: XEC) will report its fourth quarter 2020 financial results on February 22, 2021, after market close. A conference call is scheduled for February 23, 2021, at 11:00 AM ET, and will be accessible via the company’s website. The call will provide insights into the company’s performance and future outlook, catering to investors and stakeholders.
Cimarex operates primarily in the Anadarko and Permian Basins, focusing on oil and gas exploration and production.
Cimarex Energy Co. (NYSE: XEC) has declared a cash dividend of $20.3125 per share on its 8⅛ percent Series A Cumulative Perpetual Convertible Preferred Stock. This dividend will be payable on January 15, 2021, to shareholders on record as of January 1, 2021. The dividend pertains to the period from October 16, 2020 to January 15, 2021.
Cimarex Energy Co. (NYSE: XEC) has declared a quarterly cash dividend of $0.22 per share on its common stock. This dividend will be payable on May 1, 2021, to stockholders of record as of February 16, 2021. The company operates primarily in the Permian Basin and Mid-Continent areas in the U.S., focusing on oil and gas exploration and production.
Cimarex Energy Co. (NYSE: XEC) reported a third quarter 2020 net loss of $292.7 million, or $2.94 per share, significantly down from net income of $123.8 million, or $1.21 per share, year-over-year. Adjusted net income was $52.4 million, compared to $96 million in 2019. Cash flow from operating activities totaled $259 million, down from $320 million last year. Oil production averaged 71,600 barrels per day, with realized oil prices increasing sequentially to $37.94 per barrel but still down 28% from the prior year. Total company investments for the quarter reached $83 million.
Cimarex Energy Co. (NYSE: XEC) plans to report its third quarter 2020 financial results on November 4, 2020, after market close. A conference call will be held on November 5, 2020, at 11:00 AM ET, which will be accessible via the Cimarex website. Participants can join the live call by dialing specific numbers provided for U.S., Canada, and international callers. A replay of the call will also be available online. Cimarex operates primarily in the Anadarko and Permian Basins of the U.S.
Cimarex Energy Co. (NYSE: XEC) announced a cash dividend of $20.3125 per share on its 8⅛ percent Series A Cumulative Perpetual Convertible Preferred Stock. This dividend, which covers the period from July 16, 2020 to October 15, 2020, is payable on October 15, 2020 to shareholders on record as of October 1, 2020. The announcement reflects Cimarex's commitment to returning value to its shareholders amid its operations primarily in the Permian Basin and Mid-Continent areas of the U.S.
Cimarex Energy Co. (NYSE: XEC) has declared a quarterly cash dividend of $0.22 per share, payable on December 1, 2020, to stockholders recorded by November 13, 2020. This announcement reflects the company's commitment to returning value to its shareholders while continuing its operations in the Permian Basin and Mid-Continent areas of the U.S.
Cimarex Energy Co. reported a second-quarter 2020 net loss of $925.1 million or $9.28 per share, a drastic shift from net income of $109.3 million in Q2 2019. Adjusted net income was $(52.4) million, marking a decline from the previous year. Cash generated from operations decreased to $144.7 million, down from $414 million YoY. Oil production averaged 78,000 barrels per day, with realized oil prices falling to $19.57 per barrel, down 64% from a year ago. Future capital investment is projected at approximately $600 million for 2020.
