Cimarex Energy Co. announced that its board of directors has declared a regular cash dividend on its common stock of $0.14 per share. The dividend is payable on September 3, 2013 to stockholders of record on August 15, 2013.

Cimarex Energy Co. announced consolidated unaudited earnings and production results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $426,356,000 compared with $423,036,000 for the same period a year ago. Operating income was $144,498,000 compared with $165,188,000 for the same period a year ago. Income before income tax was $143,103,000 compared with $169,050,000 for the same period a year ago. Net income was $89,927,000 or $1.04 per diluted share compared with $106,107,000 or $1.23 per diluted share for the same period a year ago. Net cash provided by operating activities was $247,078,000 compared with $251,892,000 for the same period a year ago. Oil and gas expenditures was $390,669,000 compared with $400,963,000 for the same period a year ago. First quarter production grew 10% to 661.1 million cubic feet equivalent (MMcfe) per day compared to 2012 first quarter output of 603.5 MMcfe per day. Oil production grew 12% (20% when adjusted for asset sales) and averaged 33,154 barrels per day. Current quarter volumes were comprised of 50% gas, 30% oil and 20% NGLs. Natural gas prices increased 16% to $3.38 per Mcf in the first quarter of 2013. Realized oil prices averaged $86.31 per barrel and natural gas liquids (NGL) prices averaged $29.31 per barrel, decreases of 13% and 20%, respectively. Production volume guidance for 2013 remains unchanged and is projected to average 675-705 MMcfe per day, an increase of 8-13% over 2012. Mid-Continent and Permian production volumes are projected to grow 11-15% over 2012, averaging between 652-673 MMcfe per day. Total volumes for the second quarter of 2013 are projected to average 667-692 MMcfe per day, a 13-17% increase over 2012. Second quarter 2013 Mid-Continent and Permian production volumes are projected to increase 18-22%, to within a range of 647-667 MMcfe per day. Full-year 2013 capital expenditures are expected to be approximately $1.5 billion. Nearly all the 2013 capital is directed towards drilling oil and liquids-rich gas wells in the Permian and Cana-Woodford.

Cimarex Energy Co., Q1 2013 Earnings Call, May 07, 2013