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Cabot Oil & Gas Q2 net income was $14.6 million

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Staff writer ▼ | July 27, 2015
Cabot Oil & Gas Corporation reported its financial and operating results for the second quarter of 2015. Q2 cash flow from operations was $171.2 million, compared to $329.6 million in Q2 2014.
Cabot Oil & Gas
Cabot Oil & Gas Corporation   $0.03 per share
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Discretionary cash flow in the second quarter of 2015 was $183.2 million, compared to $332.3 million in the second quarter of 2014.

Net loss in the second quarter of 2015 was $27.5 million, or $0.07 per share, compared to net income of $118.4 million, or $0.28 per share, in the second quarter of 2014.

Excluding the effect of selected items including a $36.5 million after-tax non-cash mark-to-market loss on natural gas derivatives, net income was $14.6 million, or $0.03 per share, in the second quarter of 2015, compared to $115.3 million, or $0.28 per share, in the second quarter of 2014.

EBITDAX in the second quarter of 2015 was $203.9 million, compared to $367.1 million in the second quarter of 2014. Significant reductions in realized prices for both natural gas and oil were the primary drivers for the lower results in the quarter, partially offset by higher equivalent production.

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