Cimarex Energy Co's Corporate Customers have recorded a surge in their cost of revenue by 170.91 % in the 2 quarter 2021 year on year, sequentially costs of revenue grew by 13.99 %. During the corresponding time, Cimarex Energy Co recorded a revenue increase by 185.66 % year on year, sequentially revenue grew by 4.84 %. While revenue at the Cimarex Energy Co's corporate clients recorded rose by 97.04 % year on year, sequentially revenue grew by 31.88 %.
Cimarex Energy Co's Customers have recorded a surge in their cost of revenue by 170.91 % in the 2 quarter 2021 year on year, sequentially costs of revenue grew by 13.99 %, for the same period Cimarex Energy Co recorded revenue increase by 185.66 % year on year, sequentially revenue grew by 4.84 %.
Cimarex Energy Co's Comment on Sales, Marketing and Customers
Our oil and gas production is sold under short-term arrangements at market-responsive
prices. We sell our oil at prices tied directly or indirectly to field postings.
Our gas is sold under price mechanisms related to either monthly or daily index
prices on pipelines where we deliver our gas.
We sell our oil and gas to a broad portfolio of customers. Our major customer
during 2016 was Sunoco Logistics Partners L.P. (Sunoco), which accounted for
20% of our consolidated revenues for the year.
If Sunoco were to stop purchasing our production, we believe there are a number
of other purchasers to whom we could sell our production with some delay. If
multiple significant customers were to discontinue purchasing our product, we
believe there would be challenges initially, but ample markets to handle the
disruption.
We regularly monitor the credit worthiness of all our customers and may require
parent company guarantees, letters of credit or prepayments when deemed necessary.
Cimarex Energy Co’s Comment on Sales, Marketing and Customers
Our oil and gas production is sold under short-term arrangements at market-responsive
prices. We sell our oil at prices tied directly or indirectly to field postings.
Our gas is sold under price mechanisms related to either monthly or daily index
prices on pipelines where we deliver our gas.
We sell our oil and gas to a broad portfolio of customers. Our major customer
during 2016 was Sunoco Logistics Partners L.P. (Sunoco), which accounted for
20% of our consolidated revenues for the year.
If Sunoco were to stop purchasing our production, we believe there are a number
of other purchasers to whom we could sell our production with some delay. If
multiple significant customers were to discontinue purchasing our product, we
believe there would be challenges initially, but ample markets to handle the
disruption.
We regularly monitor the credit worthiness of all our customers and may require
parent company guarantees, letters of credit or prepayments when deemed necessary.
Sources:
Cimarex Energy Co’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Cimarex Energy Co’s corporate clients.
For your research, we’ve provided 9 tables on Cimarex Energy Co corporate clients.
You can find them in the navigation menu under Customers & Markets.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
129.78 %