Cabot Oil & Gas (COG) Misses Q2 EPS by 6c, Increases Buyback by 20M Shares

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Go back to Cabot Oil & Gas (COG) Misses Q2 EPS by 6c, Increases Buyback by 20M Shares

Cabot Oil & Gas Corporation Announces Second-Quarter 2018 Results, Expands Share Repurchase Program Authorization

July 27, 2018 6:31 AM EDT

HOUSTON, July 27, 2018 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) ("Cabot" or the "Company") today reported financial and operating results for the second-quarter of 2018 and provided an update on its share repurchase program and its exploration program.

Second-Quarter 2018 Highlights

Daily equivalent production of 1,895 million cubic feet equivalent (Mmcfe) per day Net income of $42.4 million (or $0.09 per share); adjusted net income (non-GAAP) of $57.9 million (or $0.13 per share) Net cash provided by operating activities of $273.9 million; discretionary cash flow (non-GAAP) of $196.5 million Returned $239.6 million of... More