Cabot Oil & Gas Corp. Q1 adjusted earnings Beat Estimates

Cabot Oil & Gas Corp. (COG) revealed earnings for its first quarter that increased from last year.

The company's bottom line totaled $126.35 million, or $0.32 per share. This compares with $53.91 million, or $0.14 per share, in last year's first quarter.

Excluding items, Cabot Oil & Gas Corp. reported adjusted earnings of $149.96 million or $0.38 per share for the period.

Analysts had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.9% to $459.68 million from $386.46 million last year.

Cabot Oil & Gas Corp. earnings at a glance:

-Earnings (Q1): $149.96 Mln. vs. $54.04 Mln. last year.
-EPS (Q1): $0.38 vs. $0.14 last year.
-Analysts Estimate: $0.35
-Revenue (Q1): $459.68 Mln vs. $386.46 Mln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT