Cabot Oil & Gas Corporation (COG) Q2 2019 Results Earnings Conference Call July 26, 2019 9:30 AM ET
Company Participants
Dan Dinges - Chairman, President and Chief Executive Officer
Scott Schroeder - Executive Vice President and Chief Financial Officer
Matt Kerin - VP and Treasurer
Jeffrey Hutton - Senior Vice President, Marketing
Conference Call Participants
Leo Mariani - KeyBanc
Brian Singer - Goldman Sachs
Jeffrey Campbell - Tuohy Brothers
Charles Meade - Johnson Rice
David Deckelbaum - Cowen
Michael Hall - Heikkinen Energy Advisors
Paul Grigel - Macquarie
Operator
Good day and welcome to the Cabot Oil & Gas Corporation Second Quarter 2019 Earnings Conference Call and Webcast. [Operator Instructions] Please note, that this event is being recorded.
I would now like to turn the conference over to Mr. Dan Dinges, Chairman, President and CEO. Please go ahead.
Dan Dinges
Thank you, Chuck, and good morning to all. Thank you for joining us today for Cabot's second quarter 2019 earnings call. As usual, joining me today on the call are several members of Cabot's management team, I'd first like to remind everyone that this - on this call this morning, we will make forward-looking statements based on our current expectations.
Additionally, some of our comments will reflect and refer to non-GAAP financial measures, forward-looking statements and other disclaimers, as well as reconciliations to the most directly comparable GAAP financial measures are provided in this morning's earnings release.
During the second quarter, we continue to successfully execute on our strategic goals and I'll list them generating positive free cash flow, returning capital to shareholders, improving return on capital employed, delivering growth per debt adjusted share, and maintaining low leverage. All of this was achieved despite lower NYMEX prices during the quarter which retreated to levels the industry has not experienced since the second quarter of 2016.
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