First Quarter 2021 Highlights Q1 Q1 2021 2020 Adjusted net income (non-GAAP) of 150.0 million, or Equivalent Production (Mmcfe/d) 2,287 2,363 0.38 per share Realized Gas Price (Incl. Hedges) (/Mcf) 2.31 1.72 Free cash flow…
Cabot Oil & Gas Strategy Focus on Financial Returns Generate financial returns that exceed our cost of capital by focusing on disciplined capital investment and maintaining a low cost structure TTM Q1 2021 ROCE of 10.4% Low cost…
2021 Capital Program & Outlook For 2021, Cabots production guidance of 2,350 Mmcfe per day is Activity Levels based on a capital program of 530 - 540 million, representing a Net Stages Completed Net Stages TIL 6% reduction in capital…
Capital Return to Shareholders (mm) Minimum annual capital return target of at least 50% of free cash flow comprised of a sustainable base dividend and an annual supplemental dividend Dividends Share Repurchases Quarterly base…
Free Cash Flow (mm) Delivered positive free cash flow for the fifth consecutive year in 2020, despite the lowest average NYMEX price since 1995 Anticipate a significant expansion of free cash flow in 2021, driven by higher price…
Return on Capital Employed (ROCE) Focused on generating financial returns that exceed our cost of capital through the natural gas price cycle Generated 8% ROCE in 2020 despite 22.2% the lowest natural gas price realizations in the…
Adjusted Earnings per Share Low cost structure allows for profitability through the natural gas price cycle Adjusted net income in the first quarter of 2021 increased by over 175% relative to the prior-year period 1.68…
Net Debt / EBITDAX Target leverage ratio of 1.0x through the natural gas price cycle Anticipate a significant reduction in the leverage ratio in 2021, resulting from higher anticipated realized prices and lower absolute debt…
Commitment to Sustainability Environmental Social Governance Climate Change / GHG Emissions December 2020 36-month OSHA Total Good board composition Net Production: 100% onshore U.S natural gas Recordable Incidence Rate (TRIR)…
Appendix
2021 Guidance 2021 Guidance 2021E Natural Gas Price Exposure By Index Index Q2 2021 FY 2021 2021E production guidance: 2,350 Mmcfe per day Fixed Price (Q2: 2.55 / FY: 2.65) 28% 23% NYMEX (Q2: less 0.50 / FY: less 0.45) 24% 24% Q2…
Financial Position and Risk Management Profile Debt Maturity Schedule (mm) as of 3/31/2021 Senior Notes (mm) Weighted-Average Coupon Rate 600 7.00% 500 6.00% 6.25% 575 5.00% 400 4.17% 4.00% 300 3.67% 3.00% 3.24% 200 312 2.00%…
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