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Cabot Oil & Gas Corp (COG)

COG on New York Consolidated

27.76USD
13 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Cabot Oil & Gas Q3 adjusted earnings per share $0.07
Friday, 27 Oct 2017 06:30am EDT 

Oct 27 (Reuters) - Cabot Oil & Gas Corp :Cabot Oil & Gas Corporation announces third quarter 2017 results, provides 2018 operating plan and three-year marcellus shale outlook.Q3 adjusted earnings per share $0.07.Q3 earnings per share $0.04.Q3 earnings per share view $0.07 -- Thomson Reuters I/B/E/S.Cabot Oil & Gas Corp - Qtrly ‍equivalent daily production growth of 12 percent relative to prior-year comparable quarter​.Cabot Oil & Gas Corp - ‍Based on Q4 guidance, company has tightened its 2017 daily production growth guidance range to 9 - 11 percent​.Cabot Oil & Gas Corp - ‍Company has also reaffirmed its total 2017 program spending of $845 million​.Cabot Oil & Gas - ‍Initiated 2018 daily production growth guidance range at 15 to 20 percent (17 to 22 percent pro forma for West Virginia divestiture)​.Cabot Oil & Gas Corp - Qtrly total operating revenues $385.4 million versus $310.4 million.Cabot Oil & Gas Corp - ‍Tightened 2017 daily production growth guidance range to 9 percent - 11 percent​.Cabot Oil & Gas Corp - ‍Reaffirmed its total 2017 program spending of $845 million​.Cabot Oil & Gas - Sees Q4 net production of 13,250 to 14,250 BBLS per day for crude oil and condensate; and 1,350 to 1,450 BBLS per day for NGLS​.Cabot Oil & Gas Corp sees ‍Q4 2017 net production guidance of 1,775 MMCF to 1,850 MMCF per day for natural gas​.Cabot-Qtrly NGLS production below co's guidance range due to downtime at third-party plant in eagle ford that was impacted by Hurricane Harvey‍​.  Full Article

Cabot Oil & Gas Corp announces Q2 earnings per share $0.05
Thursday, 27 Jul 2017 08:37pm EDT 

July 27 (Reuters) - Cabot Oil & Gas Corp :Cabot Oil & Gas Corporation announces second quarter 2017 results.Q2 earnings per share $0.14 excluding items.Q2 earnings per share $0.05.Q2 earnings per share view $0.15 -- Thomson Reuters I/B/E/S.Increases quarterly dividend by 150 percent.Equivalent production for Q2 of 2017 was 173.1 billion cubic feet equivalent.Q3 2017 net production guidance of 1,750 to 1,800 mmcf per day for natural gas.Cabot Oil & Gas - Q3 2017 production guidance of 13,000 to 13,750 bbls per day for crude oil and condensate; 1,350 to 1,450 bbls per day for ngls.Cabot Oil & Gas Corp - Reaffirmed its 2017 production growth guidance range of 8 - 12 percent (including 10 - 15 percent oil production growth).Says has reaffirmed its total 2017 program spending of $845 million.  Full Article

Cabot Oil & Gas Corp announces dividend increase of 150 pct
Wednesday, 3 May 2017 04:55pm EDT 

May 3 (Reuters) - Cabot Oil & Gas Corp :Cabot Oil & Gas Corporation announces dividend increase of 150 percent.Sets regular quarterly dividend of $0.05 per share.  Full Article

Cabot Oil & Gas Q1 earnings per share $0.23
Friday, 28 Apr 2017 06:30am EDT 

April 28 (Reuters) - Cabot Oil & Gas Corp ::Cabot Oil & Gas Corporation announces first quarter 2017 results.Q1 earnings per share $0.19 excluding items.Q1 earnings per share $0.23.Increased full-year 2017 production growth guidance range from 5 - 10 percent to 8 - 12 percent.Q1 earnings per share view $0.16, revenue view $463.9 million -- Thomson Reuters I/B/E/S.Cabot Oil & Gas - equivalent production for q1 of 2017 was 170.1 billion cubic feet equivalent (bcfe), in line with high-end of co's guidance range for quarter.Q2 2017 net production guidance of 1,780 to 1,820 mmcf per day for natural gas.Cabot Oil & Gas - Q2 2017 net production guidance of 12,000 to 12,500 bbls per day for crude oil and condensate; and 1,350 to 1,400 bbls per day for NGLS.Cabot Oil & Gas Corp - company has reaffirmed its cost guidance for full-year.Cabot Oil & Gas Corp- currently forecasting over $250 million of positive free cash flow for year based on recent strip prices.Cabot Oil & Gas - increased capital budget for year, resulting in full-year 2017 exploration and production (e&p) spending of up to $775 million.Sees total 2017 program spending of $845 million.  Full Article

Cabot Oil & Gas CEO Dan Dinges' 2016 total compensation was $11.3 mln
Tuesday, 21 Mar 2017 04:18pm EDT 

Cabot Oil & Gas Corp - : CEO Dan Dinges' FY 2016 total compensation $11.3 million versus $9.0 million in FY 2015 - SEC filing .CFO Scott C. Schroeder total compensation in 2016 was $5.2 million versus $4.2 million in 2015.  Full Article

Cabot Oil & Gas reports Q4 loss per share $0.63
Friday, 24 Feb 2017 06:45am EST 

Cabot Oil & Gas Corp : Cabot Oil & Gas Corporation announces fourth quarter and full-year 2016 results, reports five percent proved reserves growth to 8.6 tcfe, provides marcellus eur update . Q4 earnings per share $0.01 excluding items . Q4 loss per share $0.63 . Q4 earnings per share view $0.01 -- Thomson Reuters I/B/E/S . Cabot Oil & Gas Corp - qtrly equivalent production in q4 of 2016 was 164.2 bcfe . Cabot Oil & Gas Corp - qtrly equivalent production increased nine percent sequentially compared to q3 of 2016 . Cabot Oil & Gas Corp - provided Q1 2017 net production guidance of 1,780 to 1,820 million cubic feet (MMCF) per day for natural gas . Cabot Oil & Gas - reiterated 2017 production growth guidance range of 5 to 10 percent and initiated crude oil production growth guidance of 15 percent . Cabot Oil & Gas - Q1 2017 net production guidance of 10,000 to 10,500 bbls/day for crude oil and condensate; and 1,200 to 1,250 bbls per day for ngls . Cabot Oil & Gas Corp - qtrly operating revenues $316.5 million versus $280.8 million . Q4 revenue view $351.8 million -- Thomson Reuters I/B/E/S . Cabot Oil & Gas Corp - drilling, completion and facility capital will account for approximately 94 percent of e&p budget in 2017 . Cabot Oil & Gas Corp - expects to drill an additional 20 net wells (15 in eagle ford and 5 in marcellus) for total of 90 net wells drilled in 2017.  Full Article

Cabot Oil & Gas Corporation declares dividend
Thursday, 27 Oct 2016 04:43pm EDT 

Cabot Oil & Gas Corp : Cabot Oil & Gas Corporation declares dividend .Sets regular dividend of $0.02 per share.  Full Article

Cabot Oil & Gas Q2 loss per share $0.14
Friday, 29 Jul 2016 06:30am EDT 

Cabot Oil & Gas Corp : Sees q3 net production guidance of 1,575 to 1,600 mmcf/day for natural gas; 10,000 to 10,500 bbls/day for crude oil and condensate . Cabot oil & gas corporation announces second quarter 2016 financial and operating results . Q2 loss per share $0.07 excluding items . Q2 loss per share $0.14 . Q2 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S . Increased its 2016 capital budget from $325 million to $345 million . Equivalent production in q2 of 2016 was 151.8 billion cubic feet equivalent (bcfe) . Increased its 2016 capital budget to reflect incremental capital for completion of an additional 15 to 20 net wells during h2 . Company's 2016 production growth guidance range of two to seven percent remains unchanged .Sees q3 net production guidance of 1,200 to 1,250 bbls per day for ngls.  Full Article

Cabot Oil & Gas Corp enters agreement to supply Lackawanna Energy Center
Tuesday, 5 Jul 2016 06:30am EDT 

Cabot Oil & Gas Corp : Commercial operations of proposed facility expected to begin in mid-2018, to reach full-scale operations by year-end 2018 . Cabot oil & gas corporation announces new long-term sales agreement to supply lackawanna energy center . Executed 10-year sales deal to be exclusive provider of natural gas supplies to invenergy llc's lackawanna energy center power plant .South jersey industries will become counterparty to both entities through exclusive supply fuel management service deal.  Full Article

Cabot Oil & Gas Corp - Pennsylvania families win $4.2 million damages in fracking lawsuit - Reuters News
Thursday, 10 Mar 2016 03:01pm EST 

Cabot Oil & Gas Corp:A federal jury ruled on Thursday that Cabot Oil & Gas Co must pay more than $4.2 million in damages to two families in northeastern Pennsylvania who said the company's fracking operations contaminated their ground water - RTRS.Six jurors in federal court in Scranton awarded $1.3 million each to Scott Ely and Monica Marta-Ely, a married couple in Dimock. Each of their three children received an award of $50,000.A second couple, Ray and Victoria Hubert, also of Dimock, about 32 miles (50 km) south of Binghamton, New York, each received $720,000, and their daughter Hope was awarded $50,000.He said Cabot fought hard and "boxed them in," limiting the evidence his pro bono attorney, Leslie Lewis, could introduce, or what Ely could say in testimony.Cabot spokesman George Stark said the company was surprised by the verdict, and again asserted there was no evidence linking contamination of the Ely and Hubert wells to their fracking operations.The Elys and Huberts were the last of more than 40 families who had sued Cabot.They alleged that their water was contaminated with methane gas after the company began using the process of hydraulic fracturing, or fracking, to extract gas from underground shale formations near Dimock in 2008. The other families settled with the company in 2012.  Full Article

UPDATE 2-First vessel heads for Maryland Cove Point LNG export facility

Dec 14 The first liquefied natural gas vessel was headed Thursday for Dominion Energy Inc's Cove Point LNG export facility in Maryland, a Reuters interactive map showed, with the facility expected to enter service by the end of the year.