Cabot Oil & Gas (COG) Dan O. Dinges on Q1 2016 Results - Earnings Call Transcript

Apr. 29, 2016 2:05 PM ETCoterra Energy Inc. (CTRA)
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Cabot Oil & Gas Corp. (COG) Q1 2016 Earnings Call April 29, 2016 9:30 AM ET

Executives

Dan O. Dinges - Chairman, President & Chief Executive Officer

Jeffrey W. Hutton - Senior Vice President-Marketing

Steven W. Lindeman - Vice President-Engineering & Technology

Scott C. Schroeder - Executive Vice President and Chief Financial Officer

Analysts

John H. Abbott - Bank of America Merrill Lynch

Charles A. Meade - Johnson Rice & Co. LLC

Bob Alan Brackett - Sanford C. Bernstein & Co. LLC

Phillip J. Jungwirth - BMO Capital Markets (United States)

Pearce Hammond - Piper Jaffray & Co. (Broker)

Michael A. Glick - JPMorgan Securities LLC

David A. Deckelbaum - KeyBanc Capital Markets, Inc.

Marshall Hampton Carver - Heikkinen Energy Advisors LLC

Brian Singer - Goldman Sachs & Co.

Operator

Good day, and welcome to the Cabot Oil & Gas Corporation first quarter 2016 earnings conference call and webcast. All participants will be in listen-only mode. Please note this event is being recorded. I would now like to turn the conference over to Mr. Dan Dinges, Chairman, CEO, and President. Please go ahead, sir.

Dan O. Dinges - Chairman, President & Chief Executive Officer

Thank you, Rocco, and good morning. Thank you for joining us today for Cabot's first quarter 2016 earnings call. With me today are the members of Cabot's executive management team. And before we get started, let me say that the standard boilerplate regarding forward-looking statements including in this morning's press release do apply to my comments today.

As an opening comment, I think it's impressive that during the worst quarter our industry has faced in many years, Cabot's first quarter results highlight our ability to deliver growth without burdening the balance sheet, even in this low commodity price environment. Cabot grew daily equivalent production by 7% sequentially compared to the fourth

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