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Oil and Gas

Cabot Oil & Gas posts fourth-quarter profit

Feb 22 (Reuters) - Cabot Oil & Gas Corp reported a quarterly profit on Friday compared with a year-ago loss, helped by higher natural gas prices and increased production.

The company’s net income was $275 million, or 64 cents per share, in the fourth quarter ended Dec. 31, compared with a loss of $44.4 million, or 10 cents per share, a year earlier.

Operating revenue rose to $716.3 million from $400.5 million. (Reporting by Arundhati Sarkar in Bengaluru; Editing by Maju Samuel)

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