Cabot Oil & Gas (COG) Tops Q4 EPS by 5c

Cabot Oil & Gas (NYSE: COG) reported Q4 EPS of $0.26, $0.05 better than the analyst estimate of $0.21. Revenue for the quarter came in at $456.8 million versus the consensus estimate of $417.46 million.

2021 Guidance:

Cabot today reaffirmed its recently announced guidance for 2021. The Company's operating plan for the year is expected to deliver an average net production rate of 2,350 Mmcfe per day from a capital program of $530 to $540 million, representing a six percent reduction in capital spending year-over-year at the midpoint of the range. Cabot has also reaffirmed its first quarter 2021 production guidance range of 2,250 to 2,300 Mmcfe per day.

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

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