Cimarex Energy Co. Q4 adjusted earnings Beat Estimates

(RTTNews) - Cimarex Energy Co. (XEC) revealed a profit for its fourth quarter that advanced from last year.

The company's profit came in at $316.18 million, or $3.32 per share. This compares with $174.70 million, or $1.83 per share, in last year's fourth quarter.

Excluding items, Cimarex Energy Co. reported adjusted earnings of $189.72 million or $1.98 per share for the period.

Analysts had expected the company to earn $1.80 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.3% to $624.12 million from $550.94 million last year.

Cimarex Energy Co. earnings at a glance:

-Earnings (Q4): $189.72 Mln. vs. $140.05 Mln. last year. -EPS (Q4): $1.98 vs. $1.47 last year. -Analysts Estimate: $1.80 -Revenue (Q4): $624.12 Mln vs. $550.94 Mln last year.