$COG (Cabot Oil & Gas Corporation)

$COG {{ '2016-06-10T19:00:31+0000' | timeago}} • SEC

$COG said in 1Q16 it sold an aggregate of 50.6MM shares of common stock at a price of $19.675 per share & received $995.6MM in net proceeds, after deducting underwriting discounts & commissions. These net proceeds were used for corporate purposes, including repaying indebtedness under the revolving credit facility and funding some capital program.

$COG {{ '2017-05-03T21:44:38+0000' | timeago}} • Announcement

$COG BoD declared a 150% increase in its regular quarterly dividend to $0.05 per share on its common stock. The dividend will be paid on May 31, 2017 to all shareholders as on May 17, 2017.

$COG {{ '2017-04-28T15:34:11+0000' | timeago}} • Webcast

$COG believes the $125MM allocated for exploration is consistent with its prior levels of capital allocation. The Marcellus Shale is a low capital intensity asset in terms of the drilling rigs and frac crews required to grow production. The company believes it has the potential to generate a significant amount of free cash.

$COG {{ '2017-04-28T11:19:05+0000' | timeago}} • Announcement

$COG raised its FY17 production growth guidance range from 5-10% to 8-12%. Additionally, it has increased its capital budget for the year to reflect an increase of up to $125MM for exploratory leasing and testing, resulting in FY17 exploration and production spending of up to $775MM.

$COG {{ '2017-04-28T11:15:01+0000' | timeago}} • Announcement

$COG's operating revenues rose 83% to Q7.8MM in 1Q17, as equivalent daily production grew 7% YoY. Also natural gas price realizations improved 77% YoY, which helped it almost double its revenue from the natural gas segment to $443.4MM.

$COG {{ '2017-04-28T11:08:43+0000' | timeago}} • Announcement

Petroleum and gas production company $COG swung to a profit in 1Q17 from a loss a year ago, helped by higher natural gas prices due to the recent tightening in the US market. Net income was $105.7MM, or $0.23 per share, compared to a net loss of $51.2MM, or $0.12 per share in 1Q16. Excluding special items, net income was $0.19 per share.

$COG {{ '2017-02-24T15:15:06+0000' | timeago}} • Webcast

For 2017, $COG increased total program spending from $625MM to $720MM. This includes $85MM increase for additional Eagle productivity to capitalize on the higher prices, improved well productivity, $20MM increase in equity pipeline investments and $15MM increase in the Marcellus.

$COG {{ '2017-02-24T12:31:17+0000' | timeago}} • Announcement

$COG provided 1Q17 net production guidance of 1,780 to 1,820 million cubic feet (Mmcf) per day for natural gas; 10,000 to 10,500 Bbls per day for crude oil and condensate; and 1,200 to 1,250 Bbls per day for NGLs. For 2017, $COG reiterated its production growth forecast of 5-10% and initiated crude oil production growth estimate of 15%.

$COG {{ '2017-02-24T12:26:27+0000' | timeago}} • Announcement

$COG's natural gas price realizations, including the impact of derivatives, were $1.94 per Mcf for 4Q16. $COG's oil price realizations, including the impact of derivatives, grew 14% to $42.94 per Bbl. NGL price realizations rose 18% to $13.84 per Bbl. $COG drilled 12 gross (10.0 net) wells and completed 25 gross (25 net) wells in 4Q16.

$COG {{ '2017-02-24T12:20:07+0000' | timeago}} • Announcement

$COG's equivalent production for 4Q16 was 164.2 billion cubic feet equivalent (Bcfe), consisting of 158.6 Bcf of natural gas, 822.7 thousand barrels (Mbbls) of crude oil and condensate, and 106.5 Mbbls of natural gas liquids (NGLs). Equivalent production increased 9% from 3Q16 and was in line with the high-end of its guidance range for the quarter.

$COG {{ '2017-02-24T12:15:31+0000' | timeago}} • Announcement

$COG reported a wider 4Q16 loss due to higher impairment charges of oil and gas properties and other assets. Net loss widened to $292.76MM or $0.63 per share from $111.12MM or $0.27 per share last year. Operating revenue grew to $316.5MM from $280.8MM. Excluding certain items, EPS was $0.01 compared to a loss of $0.02 a year ago.

$COG {{ '2017-01-06T15:27:34+0000' | timeago}} • Announcement

Independent natural gas producer $COG said its BoD declared a regular dividend of $0.02 per share of its common stock. The dividend will be paid on Feb. 9, 2017 to all shareholders of record on Jan. 26, 2017.

$COG {{ '2016-10-31T14:57:37+0000' | timeago}} • Announcement

$COG BoD declared a regular dividend of $0.02 per share on its common stock, payable on Nov. 18, 2016 to all shareholders of record as of the close of business on Nov. 10, 2016.

$COG {{ '2016-10-28T19:03:19+0000' | timeago}} • Webcast

$COG highlighted a preliminary 2018 production growth range of 15-25% based on a program that also generates positive free cash flow at today's strip. The company feels comfortable that it will be able to deliver on production growth within the range, while generating free cash flow, de-levering, reducing cash cost and increasing cash margins.

$COG {{ '2016-10-28T18:46:04+0000' | timeago}} • Webcast

$COG had positive free cash flow for 3Q16, while growing equivalent production 6% YoverY despite its production being impacted by downstream, maintenance projects and unplanned upstream gathering downtime. The company remains committed to generating return-focused measured growth within cash flow, and in 3Q16 it successfully executed on this plan.

$COG {{ '2016-10-28T14:46:16+0000' | timeago}} • Announcement

$COG's BoD declared a regular dividend of $0.02 per share on its common stock. The dividend is payable on Nov. 17, 2016 to shareholders of record on Nov. 3, 2016.

$COG {{ '2016-10-28T11:22:53+0000' | timeago}} • Announcement

$COG has initiated its 2017 production growth guidance range at 5-10%. This growth range is based on an exploration and production capital budget of $575MM. The company anticipates approx. $50MM of contributions to its equity method investments in the Atlantic Sunrise and Constitution pipelines, resulting in total 2017 program spending of $625MM.

$COG {{ '2016-10-28T11:21:00+0000' | timeago}} • Announcement

$COG has provided 4Q16 net production guidance of 1,650-1,725 Mmcf per day for natural gas, 8,500-9,000 Bbls per day for crude oil and condensate, and 1,000-1,050 Bbls per day for NGLs. Based on this guidance, the company has adjusted its full-year 2016 equivalent production growth guidance range to 3-4%.

$COG {{ '2016-10-28T11:19:38+0000' | timeago}} • Announcement

As of Sept. 30, 2016, $COG had total debt of $1.5Bil and cash on hand of $501.2MM. Total commitments under the company's revolving credit facility remain unchanged at $1.8Bil, with approx $1.7Bil currently available to the company. The company currently has no debt outstanding under the credit facility, resulting in approx. $2.2Bil of liquidity.

$COG {{ '2016-10-28T11:18:08+0000' | timeago}} • Announcement

$COG posted a narrower loss in 3Q16, helped by higher operating revenues compared to 3Q15. Net loss was $10.3MM or $0.02 per share compared to $15.5MM or $0.04 per share last year. Operating revenues were $310.43MM in the quarter, up from $305.3MM a year ago. Excluding items, net loss was $16.7MM or $0.04 per share.

$COG {{ '2016-07-29T18:47:40+0000' | timeago}} • Webcast

Mike Kelly of Seaport Global asks for an update on the current DUC count. CEO Dan Dinges said that the DUC count $COG anticipates at year-end 2016 is approximately 15 wells in the Eagle Ford and 30-35 wells in Pennsylvania.

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