Cimarex Energy Co. (XEC) reported net income of $64.3 million or $0.74 per share for the second quarter versus $166.7 million or $1.94 per share last year.
Oil, gas and natural gas liquids, or NGLs, revenue for the quarter fell to $343.2 million from $452.3 million in the same quarter a year earlier. According to the company, the decrease in second-quarter revenues and cash flow is primarily a result of lower oil, NGL and gas prices.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.91 per share on revenues of $381.59 million for the quarter. Analysts' estimates typically exclude special items.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.