Cabot Oil & Gas Corporation Reports First Quarter 2020 Results, Announces Reaffirmation of Borrowing Base
Cabot Oil & Gas Corporation (COG)
Last cabot oil & gas corporation earnings: 4/30 04:10 pm
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cabotog.com
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Source: PR Newswire
HOUSTON, April 30, 2020 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) ("Cabot" or the "Company") today reported financial and operating results for the first quarter of 2020."During these unprecedented times, I am reminded of the strength of our company and the resiliency of our business model, which are a result of our low cost structure, our strong balance sheet, and the tireless hard work of our employees," stated Dan O. Dinges, Chairman, President and Chief Executive Officer. "We have implemented preventative measures intended to minimize unnecessary risk of exposure and prevent infection among our employees and the communities in which we operate. Our operations team—in conjunction with our service and midstream providers—has continued to execute on our plan with little disruption. While natural gas prices are expected to remain challenged in the near-term as we manage through an oversupplied market exiting the winter heating season and the unexpected loss in demand res
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