Cabot Oil & Gas (COG) Tops Q1 EPS by 1c, Beats on Revenues

Cabot Oil & Gas (NYSE: COG) reported Q1 EPS of $0.28, $0.01 better than the analyst estimate of $0.27. Revenue for the quarter came in at $473.23 million versus the consensus estimate of $462.64 million.

First-Quarter 2018 Highlights

• Daily equivalent production of 1,884 million cubic feet equivalent (Mmcfe) per day, exceeding the high-end of the Company\'s guidance range
• Net income of $117.2 million (or $0.26 per share); adjusted net income (non-GAAP) of $128.5 million (or $0.28 per share)
• Net cash provided by operating activities of $272.8 million; discretionary cash flow (non-GAAP) of $280.3 million
• Free cash flow (non-GAAP) of $88.6 million, marking the eighth consecutive quarter of positive free cash flow
• Returned $234.8 million of capital to shareholders through dividends and share repurchases
• Improved operating expenses per unit by 21 percent relative to the prior-year comparable quarter
• Completed the previously announced divestiture of the Company\'s Eagle Ford Shale assets

For earnings history and earnings-related data on Cabot Oil & Gas (COG) click here.

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