Cabot anticipates $675 million in free cash flow next year
Cabot Oil & Gas (ticker: COG) reported third quarter results today, showing net earnings of $122.3 million, or $0.28 per share.

The company produced 2,029 MMcfe/d in Q3, up 7% from Q2 and a record for Cabot. The company is producing free cash once again, as Cabot reports free cash flow of $28.6 million this quarter. This free cash flow is expected to grow rapidly, though, as the company estimates it will generate $200 million of free cash during Q4 alone, based on current strip prices.

Cabot provided preliminary 2019 guidance today as well, targeting production growth of 20% to 25%. This will be achieved by spending about $825 million, below this year’s budget of $940 mil...

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