Cabot Oil & Gas Corp. (COG: Quote) Wedneday reported first-quarter net income of $18 million or $0.09 per share, up from $13 million or $0.06 per share last year, helped mainly by improved production.
Excluding items, adjusted earnings were $28.5 million or $0.14 per share, compared to $20.7 million or $0.10 per share a year ago.
Analysts polled by Thomson Reuters expected earnings of $0.14 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter rose to $272 million from $209 million a year ago. Analysts expected revenue of 273.94 million for the quarter.
by RTT Staff Writer
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