First quarter 2020 adjusted net income (non-GAAP) was $54.0 million, or $0.14 per share, compared to $307.8 million, or $0.73 per share, in the prior-year period. However, we believe certain non-GAAP performance measures may provide financial statement users with additional meaningful comparisons between current results and results of prior periods. Discover new investment ideas by accessing unbiased, in-depth investment research, NYSE - Nasdaq Real Time Price. See "Risk Factors" in Item 1A of the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q for additional information about these risks and uncertainties. Despite our price-related curtailments in September, Cabot's third quarter production still fell within our previously disclosed guidance range.". First quarter 2020 natural gas price realizations, including the impact of derivatives, were $1.72 per thousand cubic feet (Mcf), a decrease of 49 percent compared to the prior-year period. "Despite the lowest average quarterly NYMEX settlement price since the first quarter of 1999, Cabot was still able to deliver positive corporate returns and generate positive free cash flow while fully funding our dividend and maintaining an ironclad balance sheet," added Dinges. Free Cash Flow is an indicator of a company's ability to generate cash flow after spending the money required to maintain or expand its asset base. Cabot Oil & Gas Corporation, headquartered in Houston, Texas, is a leading independent natural gas producer with its entire resource base located in the continental United States. Interest expense related to income tax reserves (1), Adjustments to as reported - net income, net of tax, Adjusted net income before interest expense, net (A + B), Total debt - beginning of twelve month period, Stockholders' equity - beginning of twelve month period, Capital employed - beginning of twelve month period, Stockholders' equity - end of twelve month period, Capital employed - end of twelve month period, Return on average capital employed (ROCE) (A + B) / C. Interest expense related to income tax reserves is included in the adjustments to as reported - net income, net of tax. Based on the current NYMEX futures curve, this plan is currently expected to generate enough free cash flow to fully fund the Company's dividend in 2020. Cabot Oil Gas gibt am 29.10.2020 die Zahlen für das am 30.09.2020 abgelaufene Quartal bekannt. U.S. economic activity surged at a record clip amid easing of virus-related lockdowns, Subscribe to Premium to view Fair Value for COG. Cabot Oil & Gas Corporation, headquartered in Houston, Texas is a leading independent natural gas producer, with its entire resource base located in the continental United States. Net Debt is calculated by subtracting cash and cash equivalents from total debt.

"Our hedging strategy continues to be focused on opportunistically locking in downside protection while maintaining some level of market price exposure if natural gas prices continue to move higher as a result of improving natural gas balances.". We report our financial results in accordance with accounting principles generally accepted in the United States (GAAP). Reconciling items in future periods could be significant. Discretionary Cash Flow is presented based on our belief that this non-GAAP measure is useful information to investors when comparing our cash flows with the cash flows of other companies that use the full cost method of accounting for oil and gas producing activities or have different financing and capital structures or tax rates. Such statements involve risks and uncertainties, including, but not limited to, the effects of the COVID-19 pandemic and the impact thereof on the Company's business, financial condition and results of operations, market factors, market prices (including geographic basis differentials) of natural gas and crude oil, results of future drilling and marketing activity, future production and costs, pipeline projects, legislative and regulatory initiatives, electronic, cyber or physical security breaches and other factors detailed herein and in our other Securities and Exchange Commission (SEC) filings. The Company's second quarter production guidance range also reflects the impact of unplanned downtime related to remedial work on one well on a large pad that resulted in the deferral of over 230 completed stages from the first quarter to the second quarter, which led to lower capital spending levels in the first quarter. Cabot Oil & Gas Corporation, headquartered in Houston, Texas is a leading independent natural gas producer, with its entire resource base located in the continental United States. "While natural gas prices across North America currently remain challenged due to lower seasonal demand during the shoulder season and storage levels that are nearing capacity, we remain optimistic about the improving natural gas supply and demand outlook heading into 2021, which has resulted in a significant increase in the 2021 natural gas price futures since late July," noted Dinges. Such statements involve risks and uncertainties, including, but not limited to, the continuing effects of the COVID-19 pandemic and the impact thereof on the Company's business, financial condition and results of operations, the availability of cash on hand and other sources of liquidity to fund our capital expenditures, the repayment of our debt maturities and our dividends, actions by, or disputes among or between, the Organization of Petroleum Exporting Countries and other producer countries, market factors, market prices (including geographic basis differentials) of natural gas and crude oil, results of future drilling and marketing activity, future production and costs, pipeline projects, legislative and regulatory initiatives, electronic, cyber or physical security breaches and other factors detailed herein and in our other Securities and Exchange Commission (SEC) filings. HOUSTON, Oct. 28, 2020 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced that its Board of Directors declared a regular dividend of ten cents ($0.10) per share on the Company's common stock.

Cabot expects production for the third quarter of 2020 to be approximately 2,406 Mmcfe per day. Natural gas price realizations, including the impact of derivatives, are expected to be $1.57 per thousand cubic feet (Mcf) in the third quarter of 2020. The words "expect", "project", "estimate", "believe", "anticipate", "intend", "budget", "plan", "forecast", "outlook", "predict", "may", "should", "could", "will" and similar expressions are also intended to identify forward-looking statements. The energy sector is comprised of companies focused on the exploration, production, and marketing of oil, gas, and renewable resources around the world. See the supplemental table at the end of this press release reconciling the capital expenditures during the first quarter of 2020. This amount represents the non-cash mark-to-market changes of our commodity derivative instruments recorded in Gain on derivative instruments in the Condensed Consolidated Statement of Operations.

FOR MORE INFORMATION CONTACT Matt Kerin (281) 589-4642, View original content:http://www.prnewswire.com/news-releases/cabot-oil--gas-corporation-declares-dividend-301162314.html, Cabot Oil & Gas Corporation published this content on 28 October 2020 and is solely responsible for the information contained therein.

For additional information, visit the Company's website at www.cabotog.com. See "Risk Factors" in Item 1A of the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q for additional information about these risks and uncertainties.

See "Risk Factors" in Item 1A of the Form 10-K and Form 10-Q and subsequent public filings for additional information about these risks and uncertainties. For additional information, visit the Company's website at www.cabotog.com. "On September 18, 2020, Cabot commenced a strategic curtailment program in response to weakness in regional natural gas prices throughout Appalachia, resulting in an estimated average daily curtailment of approximately 372 million cubic feet equivalent (Mmcfe) per day of gross production during the last 13 days of the quarter," stated Dan O. Dinges, Chairman, President and Chief Executive Officer. "On September 18, 2020, Cabot commenced a strategic curtailment program in response to weakness in regional natural gas prices throughout Appalachia, resulting in an estimated average daily curtailment of approximately 372 million cubic feet equivalent (Mmcfe) per day of gross production during the last 13 days of the quarter," stated Dan O. Dinges, Chairman, President and Chief Executive Officer. Im Schnitt gehen 22 Analysten von einem Gewinn von 0,066 USD je Aktie aus. "Given the improvement in the 2021 NYMEX futures during the third quarter, we have implemented a price risk management strategy for 2021 to mitigate downside risk while still offering upside potential," commented Dinges. Now he has a surprising new prediction for 2020. A conference call is scheduled for Friday, May 1, 2020, at 9:30 a.m. Eastern Time to discuss first quarter 2020 financial and operating results. Distributed by Public, unedited and unaltered, on 28 October 2020 22:54:11 UTC, http://www.prnewswire.com/news-releases/cabot-oil--gas-corporation-declares-dividend-301162314.html, Gas producer Cabot cuts production outlook on weak gas prices, Gas producer Cabot cuts full-year production outlook, Chairman, President & Chief Executive Officer, Chief Financial Officer & Executive Vice President. Excluding the impact of derivatives, natural gas price realizations for the quarter are expected to be $1.51 per Mcf, representing a $0.47 discount to NYMEX settlement prices. Non-cash (gain) loss on derivative instruments, (Earnings) loss on equity method investments. The Company currently has no debt outstanding under its credit facility, resulting in approximately $1.7 billion of liquidity. "While our low cost structure affords us the opportunity to deliver cash margins even in the lows of the natural gas price cycle, we continue to evaluate all opportunities to enhance value for our shareholders including the decision to temporarily forgo production in anticipation of generating higher margins for our volumes in the near future. While natural gas prices are expected to remain challenged in the near-term as we manage through an oversupplied market exiting the winter heating season and the unexpected loss in demand resulting from COVID-19, we expect a much healthier supply and demand balance for natural gas later this year and in 2021. A replay of the call will also be available on the Company's website. Cabot Oil & Gas Corporation, headquartered in Houston, Texas, is a leading independent natural gas producer with its entire resource base located in the continental United States.



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