Cimarex Energy Co.

NYSE:XEC   11:43:22 AM EDT
71.31
+1.45 (+2.08%)
Officer Changes, Earnings Announcements

Cabot Oil & Gas And Cimarex Energy To Combine In All-Stock Merger Of Equals

Published: 05/24/2021 10:51 GMT
Cimarex Energy Co. (XEC) - Cabot Oil & Gas and Cimarex Energy to Combine in All-stock Merger of Equals.
Cabot Oil & Gas Corp - Cimarex Shareholders Will Receive 4.0146 Shares of Cabot Common Stock for Each Share of Cimarex Common Stock.
Cabot Oil & Gas Corp - Exchange Ratio Reflects Enterprise Value for Combined Companies of About $17 Billion.
Cabot Oil & Gas Corp - Upon Completion of Transaction, Cabot Shareholders Will Own About 49.5% of Combined Co on a Fully Diluted Basis.
Cabot Oil & Gas Corp - Co, Cimarex Energy Will Combine in an All-stock Merger of Equals.
Cabot Oil & Gas Corp - Upon Closing, Dan Dinges Will Serve As Executive Chair of Board of Combined Business.
Cabot Oil & Gas Corp - Thomas Jorden Will Lead Combined Company As Ceo.
Cabot Oil & Gas Corp - Scott Schroeder Will Serve As CFO of Combined Business.
Cabot Oil & Gas Corp - Combined Business Plans to Be Headquartered in Houston and Maintain Its Regional Offices.
Cabot Oil & Gas Corp - Board of Combined Company to Be Composed of 5 Directors From Current Cabot Board, 5 From Current Cimarex Board.
Revenue is expected to be $578.25 Million
Adjusted EPS is expected to be $1.65

Next Quarter Revenue Guidance is expected to be $670.08 Million
Next Quarter EPS Guidance is expected to be $2.12

More details on our Analysts Page.