Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Cabot 2013 Production Tops Out at 413.6 Bcfe; Details Marcellus, Eagle Ford Ops
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Cabot Oil & Gas Corporation has reported its financial and operating results for the fourth quarter and full year ended December 31, 2013.
Highlights for the full year include: Record production of 413.6 billion cubic feet equivalent (Bcfe), an increase of 55 percent over 2012 Record cash flow from operations of $1.025 billion, an increase of 57 percent over 2012 Record discretionary cash flow of $1.098 billion, an increase of 61 percent over 2012 Net income of $279.8 million, or $0.67 per share, an increase of 112 percent over 2012 net income Net income excluding selected items of $298.1 million, or $0.71 per share, an increase of 115 percent over 2012 net income Total unit costs (including financing) of $3.03 per thousand cubic feet equivalent (Mcfe), an 18 percent improvement over…- ✓ Full news archive — U.S., Canada & international coverage
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