Cabot Oil & Gas Q3 2016 Earnings Call

Cabot Oil & Gas reported third quarter 2016 earnings with 6% equivalent production growth driven by 9% natural gas production increases, despite downstream maintenance impacts. The company achieved positive free cash flow, 7% improvement in realized natural gas prices, and strengthened its balance sheet with $1.0 billion in net debt. Cabot demonstrated improved cost structure with 13% year-over-year reduction in cash operating expenses per unit.