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Cabot: 4Q Earnings Snapshot

February 20, 2020 - 3:57 pm

HOUSTON (AP) _ Cabot Oil & Gas Corp. (COG) on Thursday reported fourth-quarter net income of $146.9 million.

The Houston-based company said it had profit of 36 cents per share. Earnings, adjusted for one-time gains and costs, came to 30 cents per share.

The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 30 cents per share.

The independent oil and gas company posted revenue of $461.4 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $477.6 million.

For the year, the company reported profit of $681.1 million, or $1.64 per share. Revenue was reported as $2.07 billion.

Cabot shares have dropped 12% since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 4%. In the final minutes of trading on Thursday, shares hit $15.34, a decline of 39% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COG at https://www.zacks.com/ap/COG

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