Cimarex Energy Co (Cimarex Energy Co) EBIT : $705 Mil (TTM As of Sep. 2021)

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What is Cimarex Energy Co EBIT?

Cimarex Energy Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2021 was $327 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2021 was $705 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cimarex Energy Co's annualized ROC % for the quarter that ended in Sep. 2021 was 34.57%. Cimarex Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was 33.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cimarex Energy Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was 6.81%.

Cimarex Energy Co EBIT Historical Data

The historical data trend for Cimarex Energy Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cimarex Energy Co EBIT Chart

Cimarex Energy Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

EBIT

Get a 7-Day Free Trial

-561.18

733.87

1,069.88

-113.84

-2,283.50

Cimarex Energy Co Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
EBIT	Get a 7-Day Free Trial															-354.16	38.04	179.77	160.36	327.20

Competitive Comparison of Cimarex Energy Co's EBIT

For the Oil & Gas E&P subindustry, Cimarex Energy Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cimarex Energy Co's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cimarex Energy Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cimarex Energy Co's EV-to-EBIT falls into.

Cimarex Energy Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $705 Mil.

Cimarex Energy Co (NYSE:XEC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Cimarex Energy Co's annualized ROC % for the quarter that ended in Sep. 2021 is calculated as:

	ROC % (Q: Sep. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2021 )	+	Invested Capital (Q: Sep. 2021 ))	/ count )
=	1957.468 * ( 1 - 22.73% )	/	( (4320.255	+	4430.304)	/ 2 )
=	1512.5355236	/	4375.2795
=	34.57 %

where

	Invested Capital		(Q: Jun. 2021 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5207.187	-	643.727	-	( 799.315	-	max(0, 1067.983	-	1311.188	+	799.315	))
=	4320.255

	Invested Capital		(Q: Sep. 2021 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5635.844	-	728.017	-	( 1033.317	-	max(0, 1189.932	-	1667.455	+	1033.317	))
=	4430.304

Note: The Operating Income data used here is four times the quarterly (Sep. 2021) data.

2. Joel Greenblatt's definition of Return on Capital:

Cimarex Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2021		Q: Sep. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1308.812	/	( ( (3819.714 + max(-498.445, 0))	+	(3897.545 + max(-496.841, 0)) )	/	2 )
=	1308.812	/	( ( 3819.714	+	3897.545 )	/	2 )
=	1308.812	/	3858.6295
=	33.92 %

where Working Capital is:

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(474.17	+	28.635	+	9.068)	-	(643.727	+	0	+	366.591)
=	-498.445

	Working Capital		(Q: Sep. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(598.262	+	29.587	+	6.289)	-	(728.017	+	0	+	402.962)
=	-496.841

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Cimarex Energy Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2021 )
	=	705.374	/	10361.235
	=	6.81 %

Cimarex Energy Co EBIT Related Terms

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Cimarex Energy Co (Cimarex Energy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cimarex Energy Co (NYSE:XEC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1700 Lincoln Street, Suite 3700, Denver, CO, USA, 80203

Website

https://www.cimarex.com

Denver-based Cimarex Energy is an independent exploration and production company with operations throughout the Southern and Central United States, where its focus includes the Permian Basin, Woodford Shale, and Meramec horizon. The firm was created in 2002 when it spun off from Helmerich & Payne and then merged with Key Production. At year-end 2018, Cimarex's proved reserves were 591 million barrels of oil equivalent, with net production of 221 thousand boe per day. Natural gas represented 42% of production and 45% of reserves.

Executives

John Lambuth	officer: SVP-Exploration	C/O CIMAREX ENERGY CO 1700 LINCOLN STREET, SUITE 1800 DENVER CO 80203
Joseph R Albi	director, other: Former Executive VP, COO	C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
G Mark Burford	officer: SVP & Chief Financial Officer	1700 LINCOLN STREET SUITE 3700 DENVER CO 80203
Stephen P Bell	officer: Ex VP	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Blake A Sirgo	officer: VP-Operations	1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Logan Harold R Jr	director
Francis Brian Barron	officer: Sr VP-General Counsel	1099 18TH STREET, SUITE 2300, DENVER CO 80202
Monroe W Robertson	director	C/O CIMAREX ENERGY CO. 1700 LINCOLN STREET, SUITE 1800 DENVER CO 80203
David A Hentschel	director	C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Sullivan Michael J/co	director	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Thomas F Mccoy	officer: SVP-Production	1700 LINCOLN STREET SUITE 3700 DENVER CO 80203
Kathleen A Hogenson	director	C/O VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
Paul Eckley	director	1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Frances M Vallejo	director	1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Hans Helmerich	director	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404