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Cabot: 4Q Earnings Snapshot

HOUSTON (AP) _ Cabot Oil & Gas Corp. (COG) on Friday reported fourth-quarter net income of $275 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Houston-based company said it had profit of 64 cents. Earnings, adjusted for one-time gains and costs, came to 55 cents per share.

The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

The independent oil and gas company posted revenue of $716.3 million in the period, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $655 million.

For the year, the company reported profit of $557 million, or $1.25 per share. Revenue was reported as $2.19 billion.

Cabot shares have increased almost 10 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 11 percent. The stock has risen 5.5 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COG at https://www.zacks.com/ap/COG