Cabot Oil & Gas (COG) Misses Q3 EPS by 3c, Revenues Beat
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Cabot Oil & Gas Corporation Announces Third-Quarter 2018 Results, Increases Dividend by 17 Percent, Provides Preliminary 2019 Operating Plan and Capital Allocation Strategy
October 26, 2018 6:30 AM EDTHOUSTON, Oct. 26, 2018 /PRNewswire/ --Â Cabot Oil & Gas Corporation (NYSE: COG) ("Cabot" or the "Company") today reported financial and operating results for the third-quarter of 2018.
Third-Quarter 2018 Highlights
Daily equivalent production of 2,029 million cubic feet equivalent (Mmcfe) per day Net income of $122.3 million (or $0.28 per share); adjusted net income (non-GAAP) of $108.9 million (or $0.25 per share) Net cash provided by operating activities of $242.2 million; discretionary cash flow (non-GAAP) of $298.8 million Free cash flow (non-GAAP) of $28.6 million Return on capital employed (ROCE) (non-GAAP) of 10.8 percent for the... More