Cabot Oil & Gas, which is one of, perhaps the best-run shale drillers in the Marcellus/Utica, issued its first-quarter 2020 update on Friday. Cabot generated $53.9 million in net income in 1Q20 and $49.8 million in free cash flow (down from $308.4 million in free cash flow from 1Q19). Cabot is one of (the only?) natural gas drillers with five consecutive years of generating free cash flow. What’s ahead for Cabot in 2020 and beyond?
Cabot Oil & Gas, which is one of, perhaps the best-run shale drillers in the Marcellus/Utica, issued its first-quarter 2020 update on Friday. Cabot generated $53.9 million in net income in 1Q20 and $49.8 million in free cash flow (down from $308.4 million in free cash flow from 1Q19). Cabot is one of (the only?) natural gas drillers with five consecutive years of generating free cash flow. What’s ahead for Cabot in 2020 and beyond?