Edition:
United Kingdom

Cabot Oil & Gas Corp (COG.N)

COG.N on New York Stock Exchange

25.61USD
3:17pm GMT
Change (% chg)

$-0.23 (-0.89%)
Prev Close
$25.84
Open
$24.98
Day's High
$25.68
Day's Low
$24.98
Volume
309,760
Avg. Vol
1,437,862
52-wk High
$29.57
52-wk Low
$20.95

Latest Key Developments (Source: Significant Developments)

Cabot Oil & Gas Corp Reports Q3 Adjusted Non-GAAP Earnings Per Share $0.25
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Cabot Oil & Gas Corp ::ORATION ANNOUNCES THIRD-QUARTER 2018 RESULTS, INCREASES DIVIDEND BY 17 PERCENT, PROVIDES PRELIMINARY 2019 OPERATING PLAN AND CAPITAL ALLOCATION STRATEGY.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.25.Q3 EARNINGS PER SHARE $0.28.Q3 EARNINGS PER SHARE VIEW $0.28 -- THOMSON REUTERS I/B/E/S.APPROVED A 17 PERCENT INCREASE IN ITS QUARTERLY CASH DIVIDEND ON COMMON STOCK.BOARD DECLARED A QUARTERLY DIVIDEND OF $0.07 PER SHARE ON ITS COMMON STOCK.REAFFIRMED ITS PREVIOUSLY ANNOUNCED 2018 FULL-YEAR CAPITAL BUDGET OF $940 MILLION."HAVE FULL CONFIDENCE IN COMPANY'S ABILITY TO GENERATE SIGNIFICANT FREE CASH FLOW IN COMING YEARS".QTRLY DAILY EQUIVALENT PRODUCTION OF 2,029 MILLION CUBIC FEET EQUIVALENT (MMCFE) PER DAY, UP 10 PERCENT.PROVIDED ITS PRELIMINARY 2019 PRODUCTION GROWTH GUIDANCE RANGE OF 20 TO 25 PERCENT.NOW EXPECT TO GENERATE APPROXIMATELY $250 MILLION OF FREE CASH FLOW FOR FULL-YEAR, BASED ON CURRENT STRIP PRICES.EXPECTS ITS NATURAL GAS PRICE REALIZATIONS TO AVERAGE $0.30 BELOW NYMEX FOR FULL-YEAR OF 2019.PRELIMINARY 2019 PRODUCTION GROWTH RANGE IS BASED ON A CAPITAL BUDGET OF $800 MILLION TO $850 MILLION.2019 PROGRAM IS EXPECTED TO DELIVER BETWEEN $650 MILLION AND $700 MILLION OF FREE CASH FLOW.PRELIMINARY 2019 OPERATING PLAN AND CAPITAL BUDGET CAN DELIVER GREATER THAN 60 PERCENT GROWTH IN EARNINGS PER SHARE.PLANS TO DISTRIBUTE GREATER THAN 50 PERCENT OF FREE CASH FLOW TO SHAREHOLDERS ANNUALLY.  Full Article

Cabot Oil & Gas Corporation Provides Operational Update, Announces New Takeaway Capacity On Leidy South Expansion Project
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Cabot Oil & Gas Corp ::CABOT OIL & GAS CORPORATION PROVIDES OPERATIONAL UPDATE, ANNOUNCES NEW TAKEAWAY CAPACITY ON LEIDY SOUTH EXPANSION PROJECT.CABOT OIL & GAS CORP - PRELIMINARILY EXPECTS NET PRODUCTION FOR THIRD-QUARTER OF 2018 TO BE APPROXIMATELY 2,029 MMCFE PER DAY.CABOT OIL & GAS CORP - CABOT HAS PROVIDED FOURTH-QUARTER 2018 NET PRODUCTION GUIDANCE OF 2,225 TO 2,275 MMCFE PER DAY.CABOT OIL & GAS CORP - ALSO UPDATED ITS 2018 DAILY PRODUCTION GROWTH GUIDANCE RANGE FROM 10 - 12 PERCENT TO 7 - 8 PERCENT.CABOT OIL & GAS CORP - COMPANY HAS ALSO REDUCED ITS FULL-YEAR CAPITAL BUDGET BY $20 MILLION TO $940 MILLION.CABOT OIL & GAS CORP - LEIDY SOUTH EXPANSION PROJECT IS ANTICIPATED TO BE IN-SERVICE AS EARLY AS FOURTH-QUARTER OF 2021.CABOT OIL & GAS CORP - WILL ALSO BE PARTICIPATING AS AN EQUITY OWNER THROUGH ITS OWNERSHIP IN MEADE PIPELINE COMPANY.  Full Article

Cabot Oil & Gas Sets Regular Dividend Of $0.06 Per Share
Thursday, 26 Jul 2018 

July 26 (Reuters) - Cabot Oil & Gas Corp ::SETS REGULAR DIVIDEND OF $0.06 PER SHARE.  Full Article

Cabot Oil & Gas Corp Announces Q1 Earnings Per Share $0.26
Friday, 27 Apr 2018 

April 27 (Reuters) - Cabot Oil & Gas Corp ::ORATION ANNOUNCES FIRST-QUARTER 2018 RESULTS.Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.28.Q1 EARNINGS PER SHARE $0.26.Q1 EARNINGS PER SHARE VIEW $0.27 -- THOMSON REUTERS I/B/E/S.QTRLY DAILY EQUIVALENT PRODUCTION OF 1,884 MILLION CUBIC FEET EQUIVALENT (MMCFE) PER DAY.SECOND-QUARTER 2018 NET PRODUCTION GUIDANCE OF 1,850 TO 1,900 MMCFE PER DAY.CABOT OIL & GAS - QTRLY NATURAL GAS PRICE REALIZATIONS, INCLUDING IMPACT OF DERIVATIVES, WERE $2.44 PER THOUSAND CUBIC FEET, DOWN 8 PERCENT.CABOT OIL & GAS - REAFFIRMED TOTAL 2018 DAILY PRODUCTION GROWTH GUIDANCE OF 10 TO 15 PERCENT (18 TO 23 PERCENT ON A DIVESTITURE-ADJUSTED BASIS).EXCLUDING IMPACT OF DERIVATIVES, FIRST-QUARTER 2018 NATURAL GAS PRICE REALIZATIONS WERE $2.50 PER MCF.REAFFIRMED FULL-YEAR CAPITAL BUDGET OF $950 MILLION.CABOT OIL & GAS - DUE TO DIVESTITURE OF ITS EAGLE FORD SHALE ASSETS IN Q1, CO UPDATED OPERATING EXPENSE GUIDANCE FOR 2018.CABOT OIL & GAS - REMAIN CONFIDENT IN 3-YEAR PLAN THAT CAN GENERATE $1.6 BILLION - $2.5 BILLION OF AFTER-TAX CUMULATIVE FREE CASH FLOW.  Full Article

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

US allows Williams more time to get okay for NY-Penn. natgas pipeline

Nov 6 U.S. energy regulators gave Williams Cos Inc two more years until December 2020 to get the approvals needed to build its long-delayed Constitution natural gas pipeline from Pennsylvania to New York, according to a federal filing made available on Tuesday.