Cabot Oil & Gas (COG) Tops Q3 EPS by 2c

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Go back to Cabot Oil & Gas (COG) Tops Q3 EPS by 2c

Cabot Oil & Gas Corporation Reports Third Quarter 2019 Results, Increases Dividend by 11 Percent

October 24, 2019 4:06 PM EDT

HOUSTON, Oct. 24, 2019 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) ("Cabot" or the "Company") today reported financial and operating results for the third quarter of 2019.

"In the third quarter of 2019, Cabot increased free cash flow by over 150 percent compared to the prior-year period, driven by higher production volumes, lower per unit operating expenses, improved basis differentials, and reduced capital spending, despite a 23 percent reduction in NYMEX benchmark prices," stated Dan O. Dinges, Chairman, President and Chief Executive Officer. "Our results highlight the resiliency of Cabot's business model... More