Cabot Oil & Gas Corporation Presents at Citi's Global Energy and Utilities Conference, May-15-2013 08:45 AM. Venue: Hyatt Regency, One Avenue De Lafayette, Boston, Massachusetts, United States. Speakers: Dan O. Dinges, Chairman, Chief Executive Officer, President and Member of Executive Committee.

Cabot Oil & Gas Corporation announced that its Board of Directors declared a regular dividend of two cents ($0.02) per share on the Company's common stock. The dividend will be paid May 24, 2013 to all shareholders of record as of the close of business May 16, 2013.

Cabot Oil & Gas Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported operating revenues of $373.285 million compared to $272.136 million a year ago. Income from operations was $87.014 million compared to $46.661 million a year ago. Income before income taxes was $70.759 million compared to $29.744 million a year ago. Net income was $42.824 million or $0.20 per basic share compared to $18.318 million or $0.09 per basic share a year ago. Net cash provided by operations was $212.685 million compared to $131.780 million a year ago. Capital expenditures were $260.169 million compared to $188.547 million a year ago. Net income excluding selected items was $54.219 million or $0.26 per share compared to $28.523 million or $0.14 per share a year ago. Net debt was $1,106.543 million as at March 31, 2013 compared to $1,056.264 million as at December 31, 2012. The company reported production results for the first quarter ended March 31, 2013. For the quarter, the company reported natural gas production of 85.2 MBbl compared to 56.4 MBbl a year ago. Equivalent Production was 89.3 Bcfe compared to 59.7 Bcfe. The company reaffirmed its full year 2013 equivalent production growth range of 35% to 50%. Annualizing first quarter daily volumes gets to the low end of its guidance. Additionally, the company’s cost guidance was also unchanged for the year 2013 as was its expected capital program of $950 million to $1.025 billion.