other material
confidence high
sentiment neutral
materiality 0.50
Coterra provides Cimarex Q3 2021 earnings and pro forma combined 2021 results
Coterra Energy Inc.
- Cimarex Q3 2021 net income $244M ($2.38 diluted EPS), revenue $930M (oil $513M, gas/NGL $406M).
- Cimarex nine-month 2021 net income $485M, revenue $2.32B; operating cash flow $1.25B.
- Cimarex had $2B long-term debt (net $1.989B) and $1.033B cash at Sept 30, 2021.
- Coterra filed pro forma combined income statement for FY 2021 assuming merger closed Jan 1, 2021.