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Basic Materials | Independent Oil & Gas | USA
Cabot (COG) Q4 Earnings Miss, Cash Flow & Reserves Jump
Domestic energy explorer Cabot Oil & Gas Corporation (COG - Free Report) reported fourth quarter earnings per share – adjusted for special items – of 55 cents, below the Zacks Consensus Estimate of 58 cents due to lower-than-anticipated production. Precisely, the company’s production came in at 206.3 billion cubic feet equivalent (Bcfe), lagging the Zacks Consensus Estimate of 208 Bcfe.
However, the exploration and production firm’s bottom line witnessed a healthy improvement from the year-ago quarter’s adjusted profit of 13 cents on higher realized natural gas prices.
Houston, TX-based Cabot’s quarterly revenue improved 78.9% year over year to $716.3 million and beat the Zacks Consensus Estimate of $655 million.
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https://www.zacks.com/stock/news/356634/...erves-jump
![[Bild: COGc1dl1430.png]](https://finviz.com/publish/022219/COGc1dl1430.png)
Cabot (COG) Q4 Earnings Miss, Cash Flow & Reserves Jump
Domestic energy explorer Cabot Oil & Gas Corporation (COG - Free Report) reported fourth quarter earnings per share – adjusted for special items – of 55 cents, below the Zacks Consensus Estimate of 58 cents due to lower-than-anticipated production. Precisely, the company’s production came in at 206.3 billion cubic feet equivalent (Bcfe), lagging the Zacks Consensus Estimate of 208 Bcfe.
However, the exploration and production firm’s bottom line witnessed a healthy improvement from the year-ago quarter’s adjusted profit of 13 cents on higher realized natural gas prices.
Houston, TX-based Cabot’s quarterly revenue improved 78.9% year over year to $716.3 million and beat the Zacks Consensus Estimate of $655 million.
....
https://www.zacks.com/stock/news/356634/...erves-jump
