Cabot Oil & Gas Corporation (COG) CEO Dan Dinges on Q3 2019 Results - Earnings Call Transcript

Oct. 25, 2019 11:24 AM ETCoterra Energy Inc. (CTRA) StockCTRA
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Q3: 2019-10-24 Earnings Summary

EPS of $0.29 beats by $0.02
 | Revenue of $429.11M (-21.29% Y/Y) misses by $24.62M

Cabot Oil & Gas Corporation (COG) Q3 2019 Earnings Conference Call October 25, 2019 9:30 AM ET

Company Participants

Dan Dinges - Chairman, President, and CEO
Scott Schroeder - EVP and CFO
Matt Kerin - VP and Treasurer
Jeffrey Hutton - SVP, Marketing
Phil Stalnaker - SVP, Operations

Conference Call Participants

David Deckelbaum - Cowen & Company
Leo Mariani - KeyBanc Capital Markets
Holly Stewart - Scotia Howard Weil
Drew Venker - Morgan Stanley
Brian Singer - Goldman Sachs
Jeffrey Campbell - Tuohy Brothers
Charles Meade - Johnson Rice

Operator

Good morning, and welcome to the Cabot Oil & Gas Corporation's Third Quarter 2019 Earnings Conference Call and Webcast. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note 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, sir.

Dan Dinges

Thank you, Eily [ph], and I appreciate everybody joining us this morning for the third quarter 2019 earnings call. I also have the Cabot management team with me today.

I would first like to remind everybody that on this call we will make forward-looking statements based on our current expectations. Additionally, some of our comments will reference non-GAAP financial measures. Forward-looking statements and other disclaimers, as well as reconciliations to the most directly comparable GAAP financial measures, were provided in yesterday's earning release.

Cabot's third quarter results solidify our position as the leading natural gas producer in the United States, as we continue to consistently deliver strong financial results even in this challenged natural gas price environment that experienced the lowest quarterly average NYMEX price on record since the second quarter of 2016. Despite these lower NYMEX prices, we were able to

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