* Q2 adj EPS $0.05 vs est $0.06
* Q2 rev rises 11 percent to $265.7 million
July 24 Cabot Oil & Gas Corp's
second-quarter results missed analysts' expectations as lower
natural gas price realizations offset higher production.
Second-quarter production rose 40 percent to 62.8 billion
cubic feet of gas equivalent.
However, the gas-focused company realized a price of $3.39
per thousand cubic feet (Mcf), 27 percent lower than the second
quarter of 2011.
April-June net income was $35.9 million, or 17 cents per
share, compared with $54.7 million, or 26 cents per share, a
Excluding items, earnings were 5 cents a share, missing
analysts' estimates by a penny, according to Thomson Reuters
Operating revenue rose 11 percent to $265.7 million, but
came in below analysts' estimates of $267.9 million.
The Houston-based company's average production in July has
been higher than that of the second quarter due to increased
activity in the Marcellus shale field, it said in a separate
Shares of Cabot closed at $39.50 on Tuesday on the New York