XEC - Cimarex Energy EPS misses by $0.04 beats on revenue; updates guidance

Cimarex Energy (XEC): Q1 Non-GAAP EPS of $1.98 misses by $0.04; GAAP EPS of $1.25 misses by $0.50.Revenue of $679.47M (+43.7% Y/Y) beats by $64.43M.Continue to expect total capital expenditures for full-year 2021 to range between $650 million and $750 million, which is expected to drive fourth-quarter 2021 oil volume growth of approximately 30% year-over-year.Expects second-quarter 2021 oil production to range between 69 MBopd to 73 MBopd.Advancing emissions reductions efforts, with a 2021 goal of reducing the Company's GHG emissions intensity by 8% to 12%, which follows a 22% reduction in 2020.Press Release

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Cimarex Energy EPS misses by $0.04, beats on revenue; updates guidance