Thursday, January 23, 2025

Cimarex Puts 2017 Spend at $850-$900 Million

Cimarex predicts production growth of 10-15% in 2017 Cimarex Energy (ticker: XEC) reported fourth quarter earnings Wednesday and 2016 reserves today, showing a net income of $38.2 million, or $0.40 per share. Full year results are a loss of $431.0 million, ($4.62) per share. After adjusting for special charges, fourth quarter earnings are $56.7 million, $0.60 per share. This is

Black Stone Minerals Continues to Expand its Distribution by 9%

Black Stone Minerals is on track to maintain 9% CAGR for its common units Increasing distribution to stockholders and unitholders has become difficult over the course of the downcycle. Low commodity prices stymied growth, reducing cash flow for companies and stressing company balance sheets. Despite that, some companies, like Black Stone Minerals (ticker: BSM) have been able to continue to