Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Texas, Oklahoma, and New Mexico. More Details
Short Term Liabilities: XEC's short term assets ($657.3M) do not cover its short term liabilities ($660.2M).
Long Term Liabilities: XEC's short term assets ($657.3M) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: XEC's debt to equity ratio (124.9%) is considered high.
Reducing Debt: XEC's debt to equity ratio has increased from 60.9% to 124.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable XEC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: XEC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 51.3% per year.
How experienced are the management team and are they aligned to shareholders interests?
5.4yrs
Average management tenure
CEO
Tom Jorden (63 yo)
9.42yrs
Tenure
US$9,002,555
Compensation
Mr. Thomas E. Jorden, also known as Tom, has been the Chief Executive Officer and President at Cimarex Energy Company since September 30, 2011. Mr. Jorden served as Executive Vice President of Exploration ...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD9.00M) is above average for companies of similar size in the US market ($USD6.21M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Leadership Team
Name
Position
Tenure
Compensation
Ownership
Thomas Jorden
Chairman
9.42yrs
US$9.00m
0.68% $ 38.6m
G. Burford
Senior VP & CFO
5.42yrs
US$3.53m
0.18% $ 10.2m
Christopher Clason
Senior VP & Chief Human Resources Officer
1.83yrs
US$5.11m
0.11% $ 6.4m
John Lambuth
Executive Vice President of Exploration
5.17yrs
US$3.98m
0.22% $ 12.4m
Timothy Ficker
VP, Controller
4yrs
no data
0.020% $ 1.1m
Karen Acierno
Vice President of Investor Relations
no data
no data
no data
Francis Barron
Senior VP & General Counsel
7.58yrs
no data
0.15% $ 8.7m
Stephen Bell
Executive Vice President of Business Development
8.42yrs
US$4.22m
0.20% $ 11.3m
Thomas McCoy
Senior Vice President of Production
no data
no data
0.054% $ 3.1m
Blake Sirgo
Vice President of Operations
no data
no data
0.053% $ 3.1m
5.4yrs
Average Tenure
57yo
Average Age
Experienced Management: XEC's management team is seasoned and experienced (5.4 years average tenure).
Board Members
Name
Position
Tenure
Compensation
Ownership
Thomas Jorden
Chairman
9.42yrs
US$9.00m
0.68% $ 38.6m
Hans Helmerich
Independent Director
19yrs
US$313.79k
0.47% $ 26.7m
Monroe Robertson
Independent Director
15.33yrs
US$326.90k
0.028% $ 1.6m
Joseph Albi
Director
9.42yrs
US$4.23m
0.12% $ 6.8m
Harold Logan
Independent Lead Director
no data
US$346.90k
0.021% $ 1.2m
L. Teague
Director Emeritus
3.75yrs
US$93.00
no data
Lisa Stewart
Independent Director
5.33yrs
US$306.90k
0.019% $ 1.1m
David Hentschel
Director Emeritus
1.75yrs
US$85.50k
0.023% $ 1.3m
Floyd Price
Independent Director
8.17yrs
US$326.90k
0.024% $ 1.4m
Kathleen Hogenson
Independent Director
1.42yrs
US$203.89k
0.010% $ 572.0k
Paul Eckley
Director
1.75yrs
US$306.40k
0.011% $ 612.6k
Frances Vallejo
Independent Director
3.75yrs
US$306.81k
0.015% $ 847.2k
5.3yrs
Average Tenure
64yo
Average Age
Experienced Board: XEC's board of directors are considered experienced (5.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: XEC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Cimarex Energy Co.'s company bio, employee growth, exchange listings and data sources
Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Texas, Oklahoma, and New Mexico. As of December 31, 2020, it had a total proved reserves of 531.0 m...
Company Analysis and Financial Data Status
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2021/02/24 23:12
End of Day Share Price
2021/02/24 00:00
Earnings
2020/12/31
Annual Earnings
2020/12/31
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.