Cabot Oil and Gas Profit Surges

Friday, October 26, 2018

Cabot Oil and Gas Corp reported a surge in third-quarter profit on Friday, helped by higher realized natural gas prices and a gain from asset sales.

The company's net income rose to $122.3 million, or 28 cents per share, for the third quarter ended Sept. 30, from $17.6 million, or 4 cents per share, a year earlier.

The company booked a gain of $25.66 million in the quarter.

Operating revenue rose to $545.2 million from $385.4 million.


(Reporting by Shanti S Nair; Editing by Sriraj Kalluvila)

Categories: Finance Oil North America Shale Oil & Gas

Related Stories

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Yinson Production Closes $1B Investment to Drive Further Growth

Wood JV Gets EPC Job for Shell off Brunei

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

ABL Lands Work on BP’s Indonesian Gas and CCUS Project

CNOOC Starts Production at Offshore Field in South China Sea

MODEC, Carbon Clean to Advance FPSO-Mounted Carbon Capture Tech

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

Current News

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com