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    Home » Cabot Oil and Gas profit surges on higher prices, gain

    Cabot Oil and Gas profit surges on higher prices, gain

    October 27, 2018
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    27 October 2018, News Wires — Cabot Oil and Gas Corp reported a surge in third-quarter profit on Friday, helped by higher realized natural gas prices and a gain from asset sales.

    The company’s net income rose to $122.3 million, or 28 cents per share, for the third quarter ended Sept. 30, from $17.6 million, or 4 cents per share, a year earlier.

    The company booked a gain of $25.66 million in the quarter.

    Operating revenue rose to $545.2 million from $385.4 million.

    • Reuters

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