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Cabot Oil & Gas Corp (COG.N)

COG.N on New York Stock Exchange

27.51USD
19 Jan 2018
Change (% chg)

$-0.06 (-0.22%)
Prev Close
$27.57
Open
$27.54
Day's High
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$27.26
Volume
1,154,496
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1,375,784
52-wk High
$29.57
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$20.55

Latest Key Developments (Source: Significant Developments)

Cabot Oil & Gas Corp Announces Dividend Increase Of 20 Pct
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Cabot Oil & Gas Corp ::CABOT OIL & GAS CORPORATION ANNOUNCES DIVIDEND INCREASE OF 20 PERCENT.SETS REGULAR QUARTERLY DIVIDEND OF $0.06PER SHARE.  Full Article

Cabot Oil & Gas Q3 adjusted earnings per share $0.07
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Cabot Oil & Gas Corp :Cabot Oil & Gas Corporation announces third quarter 2017 results, provides 2018 operating plan and three-year marcellus shale outlook.Q3 adjusted earnings per share $0.07.Q3 earnings per share $0.04.Q3 earnings per share view $0.07 -- Thomson Reuters I/B/E/S.Cabot Oil & Gas Corp - Qtrly ‍equivalent daily production growth of 12 percent relative to prior-year comparable quarter​.Cabot Oil & Gas Corp - ‍Based on Q4 guidance, company has tightened its 2017 daily production growth guidance range to 9 - 11 percent​.Cabot Oil & Gas Corp - ‍Company has also reaffirmed its total 2017 program spending of $845 million​.Cabot Oil & Gas - ‍Initiated 2018 daily production growth guidance range at 15 to 20 percent (17 to 22 percent pro forma for West Virginia divestiture)​.Cabot Oil & Gas Corp - Qtrly total operating revenues $385.4 million versus $310.4 million.Cabot Oil & Gas Corp - ‍Tightened 2017 daily production growth guidance range to 9 percent - 11 percent​.Cabot Oil & Gas Corp - ‍Reaffirmed its total 2017 program spending of $845 million​.Cabot Oil & Gas - Sees Q4 net production of 13,250 to 14,250 BBLS per day for crude oil and condensate; and 1,350 to 1,450 BBLS per day for NGLS​.Cabot Oil & Gas Corp sees ‍Q4 2017 net production guidance of 1,775 MMCF to 1,850 MMCF per day for natural gas​.Cabot-Qtrly NGLS production below co's guidance range due to downtime at third-party plant in eagle ford that was impacted by Hurricane Harvey‍​.  Full Article

Cabot Oil & Gas Q3 loss per share $0.04 excluding items
Friday, 28 Oct 2016 

Cabot Oil & Gas Corp : Cabot Oil & Gas Corporation announces third quarter 2016 financial and operating results . Q3 loss per share $0.04 excluding items . Q3 loss per share $0.02 . Q3 earnings per share view $-0.04 -- Thomson Reuters I/B/E/S . Cabot Oil & Gas Corp - equivalent production in Q3 of 2016 was 150.8 billion cubic feet equivalent . Cabot Oil & Gas Corp - initiated its 2017 production growth guidance range at 5 to 10 percent . Sees Q4 net production guidance of 1,650 to 1,725 MMCF per day for natural gas . Sees 8,500 to 9,000 BBLS per day for crude oil and condensate for Q4 . Cabot Oil & Gas Corp - Cabot is increasing its 2016 capital budget guidance by $35 million to $380 million .Adjusted its full-year 2016 equivalent production growth guidance range to 3 to 4 percent.  Full Article

Cabot Oil & Gas Q2 loss per share $0.14
Friday, 29 Jul 2016 

Cabot Oil & Gas Corp : Sees q3 net production guidance of 1,575 to 1,600 mmcf/day for natural gas; 10,000 to 10,500 bbls/day for crude oil and condensate . Cabot oil & gas corporation announces second quarter 2016 financial and operating results . Q2 loss per share $0.07 excluding items . Q2 loss per share $0.14 . Q2 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S . Increased its 2016 capital budget from $325 million to $345 million . Equivalent production in q2 of 2016 was 151.8 billion cubic feet equivalent (bcfe) . Increased its 2016 capital budget to reflect incremental capital for completion of an additional 15 to 20 net wells during h2 . Company's 2016 production growth guidance range of two to seven percent remains unchanged .Sees q3 net production guidance of 1,200 to 1,250 bbls per day for ngls.  Full Article

Cabot Oil & Gas Corp enters agreement to supply Lackawanna Energy Center
Tuesday, 5 Jul 2016 

Cabot Oil & Gas Corp : Commercial operations of proposed facility expected to begin in mid-2018, to reach full-scale operations by year-end 2018 . Cabot oil & gas corporation announces new long-term sales agreement to supply lackawanna energy center . Executed 10-year sales deal to be exclusive provider of natural gas supplies to invenergy llc's lackawanna energy center power plant .South jersey industries will become counterparty to both entities through exclusive supply fuel management service deal.  Full Article

Cabot Oil & Gas Corp - Pennsylvania families win $4.2 million damages in fracking lawsuit - Reuters News
Thursday, 10 Mar 2016 

Cabot Oil & Gas Corp:A federal jury ruled on Thursday that Cabot Oil & Gas Co must pay more than $4.2 million in damages to two families in northeastern Pennsylvania who said the company's fracking operations contaminated their ground water - RTRS.Six jurors in federal court in Scranton awarded $1.3 million each to Scott Ely and Monica Marta-Ely, a married couple in Dimock. Each of their three children received an award of $50,000.A second couple, Ray and Victoria Hubert, also of Dimock, about 32 miles (50 km) south of Binghamton, New York, each received $720,000, and their daughter Hope was awarded $50,000.He said Cabot fought hard and "boxed them in," limiting the evidence his pro bono attorney, Leslie Lewis, could introduce, or what Ely could say in testimony.Cabot spokesman George Stark said the company was surprised by the verdict, and again asserted there was no evidence linking contamination of the Ely and Hubert wells to their fracking operations.The Elys and Huberts were the last of more than 40 families who had sued Cabot.They alleged that their water was contaminated with methane gas after the company began using the process of hydraulic fracturing, or fracking, to extract gas from underground shale formations near Dimock in 2008. The other families settled with the company in 2012.  Full Article

Cabot Oil & Gas Corporation announces public offering of common stock
Monday, 22 Feb 2016 

Cabot Oil & Gas Corporation:Says it is commencing a registered public offering of 38,000,000 shares of its common stock.The Company also expects to grant the underwriters an option for 30 days to purchase up to 5,700,000 additional shares of common stock.Company expects to use the net proceeds from the offering for general corporate purposes, including repaying indebtedness under the Company's revolving credit facility, bolstering liquidity and funding a portion of the Company's capital program.J.P. Morgan and BofA Merrill Lynch are acting as joint book-running managers for the offering.  Full Article

Cabot Oil & Gas Corp - Two Pennsylvania families who say fracking fouled water take case to trial - Reuters
Monday, 22 Feb 2016 

Cabot Oil & Gas Corp:Jury selection began on Monday in a federal lawsuit in which two northeastern Pennsylvania families allege that Cabot Oil & Gas Corp contaminated their well water with methane when it began fracking for natural gas near their homes - RTRS.Two couples - Scott Ely and Monica Marta-Ely, and Ray and Victoria Hubert - are the only plaintiffs remaining in a case that initially involved more than 40 people. The rest have settled with Cabot, a major producer in Susquehanna County.Critics say fracking is responsible for environmental damage, excessive noise and even earthquakes. Its supporters say the process, which has slashed the country's dependence on foreign energy sources in recent years, is safe.The families suing Cabot live near Dimock, Pennsylvania, a town made infamous by “Gasland,” an Oscar-nominated documentary that galvanized the anti-fracking movement.The 2010 film showed tap water in the area that could be set on fire because of the methane gas it contained. Both families say water in their homes was flammable in the past.Scott Ely, who said his family has lived in the Dimock area since the 1800s, said he hauls in tankers of water for his family. The family showed reporters a bottle of water that they say came from their well. It was the color of coffee and cream.The two families are seeking compensatory and punitive damages from Cabot for the alleged contamination of their water supply.  Full Article

Cabot Oil & Gas Corporation gives Q4 2015 production guidance
Tuesday, 2 Feb 2016 

Cabot Oil & Gas Corporation:Expects production for Q4 2015 to be about 1,642 million cubic feet equivalent (Mmcfe) per day.  Full Article

U.S. upholds N.Y. denial of Constitution natgas pipe

Jan 12 U.S. energy regulators rejected Williams Cos Inc's request to overturn New York's denial of a water permit for the company's proposed Constitution natural gas pipeline from Pennsylvania to New York, according to a filing on Thursday.