May 6, 2011
Cimarex Energy Co. (NYSE:XEC) reported Q1 EPS of $1.37 today, missing the consensus estimate for $1.58 per share. Revenues for the quarter were down 5% year-over-year to $426.60 million, beating the consensus estimate for $413.69 million.
F.H. Merelli, Chairman, President and Chief Executive Officer said, "We remain focused on profitable growth and maximizing our return on investment. We have a large inventory of drilling opportunities and limited lease expirations."
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