CABOT OIL & GAS CORPORATION COG Income Statement

Cabot oil & gas corporation (COG)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
OPERATING REVENUES
Revenue from Contract with Customer, Excluding Assessed Tax
370,395	463,526	418,051	470,468	633,424	670,241	548,710	457,115	467,650	-	386,252	446,652	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on derivative instruments
16,062	-2,158	11,060	63,649	8,257	46,060	-3,537	-3,668	5,577	-29,427	-836	13,805	33,384	-37,664	6,904	-27,184	18,994	12,018	17,364	-6,819	34,123	149,742	71,906	-2,329	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL OPERATING REVENUES
386,457	461,368	429,111	534,117	641,681	716,301	545,173	453,447	473,227	400,503	385,416	460,457	517,843	316,491	310,429	246,816	281,941	280,792	305,296	306,297	464,765	618,004	512,017	533,187	509,803	487,463	435,850	449,680	373,285	369,879	296,874	265,657	272,136	268,025	262,117	240,696	209,026	222,456	224,062	200,241	216,345	247,301	207,021	204,824	233,939	244,820	248,854
OPERATING EXPENSES
Direct operations
17,244	21,350	19,181	18,093	18,334	16,889	17,030	15,657	20,070	24,125	26,282	27,262	24,641	23,558	24,626	26,477	26,035	33,867	34,818	36,112	36,017	36,288	37,802	35,605	35,834	39,458	32,923	36,978	31,497	33,348	28,269	29,306	27,320	30,531	27,292	22,579	27,007	25,846	26,466	24,347	22,983	22,421	23,012	23,073	25,479	24,974	22,636
Transportation and gathering
143,332	149,974	145,681	141,689	137,333	140,883	129,534	114,189	112,125	119,530	117,891	120,544	123,474	113,659	105,671	107,560	109,652	105,937	102,121	98,295	121,235	101,614	85,966	83,976	77,765	69,817	60,803	52,648	46,221	45,482	34,430	33,139	30,258	24,612	19,768	16,074	12,868	5,581	4,932	4,767	3,789	-	-	-	-	-	-
Taxes other than income
3,738	2,959	4,607	3,640	5,847	7,208	2,852	5,392	7,190	6,925	9,194	8,310	9,058	5,485	8,771	8,973	5,994	8,511	11,407	11,611	11,280	10,219	10,933	12,816	13,044	8,462	11,532	11,364	11,687	9,001	10,436	10,854	18,583	6,506	7,042	5,877	8,151	6,759	8,489	11,841	10,805	10,118	10,719	10,914	12,898	20,627	19,225
Exploration
2,190	5,241	4,481	4,504	6,044	45,654	10,049	54,500	3,617	4,903	6,466	3,959	6,198	14,553	2,988	3,738	6,383	8,500	4,930	5,298	8,732	8,784	8,812	4,676	6,474	5,721	3,891	4,529	4,024	7,928	9,303	16,244	4,001	5,357	20,190	4,592	6,308	14,401	9,665	10,233	8,426	19,526	14,395	10,397	6,466	6,413	7,290
Depreciation, Depletion and Amortization
100,135	106,439	110,889	96,147	92,258	129,269	121,172	84,910	82,128	143,128	146,267	144,322	135,100	141,218	139,490	147,533	161,887	149,875	144,326	152,513	175,497	173,766	154,013	157,563	147,418	182,030	168,980	151,389	148,653	115,984	110,448	114,616	110,357	92,499	90,293	83,225	77,124	91,504	85,355	76,726	73,498	78,330	62,037	55,108	55,785	48,895	42,482
Impairment of oil and gas properties
-	-	-	-	-	-	-	-	-	-	0	68,555	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,789	-	-	1,585	0	6,730	9,307	8,512	5,919
General and administrative
33,429	22,500	18,391	22,889	31,090	30,629	20,724	21,228	24,060	26,885	23,244	23,957	23,700	18,441	19,374	19,945	27,873	14,387	11,102	19,978	22,529	21,248	19,579	20,127	21,636	22,597	24,697	21,608	35,704	27,989	23,829	46,872	22,549	26,413	27,949	26,006	24,299	29,501	21,077	12,853	15,746	19,271	14,921	17,117	17,065	-209	33,477
TOTAL OPERATING EXPENSES
300,068	308,463	303,230	286,962	290,906	376,293	394,766	375,958	254,140	744,742	332,141	400,328	326,217	755,792	303,859	316,247	340,390	438,900	311,724	326,692	379,029	1,128,415	322,785	321,794	314,031	337,015	308,739	285,220	286,175	247,854	220,973	255,281	224,940	196,390	200,738	168,149	171,119	191,830	202,054	152,560	156,515	183,871	132,870	134,023	156,749	130,103	155,169
Income (Loss) from Equity Method Investments
-59	69,302	3,860	3,650	3,684	2,146	-11	-4	-994	-96,500	-1,417	-1,286	-1,283	-2,686	-1,727	-73	2,009	1,834	1,648	1,512	1,421	1,261	1,063	756	0	-	278	290	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Property Plant Equipment
71	-36	36	0	-1,500	-1,450	25,655	544	-41,049	1,898	-11,872	-1,403	-223	-1,131	-1,245	-878	1,354	51	3,756	-79	138	19,855	46	-1,496	-1,285	16,750	4,421	276	-96	-16,407	-126	67,703	-535	26,974	3,854	34,071	-1,517	100,883	265	4,387	759	-20	572	-16,562	12,707	0	401
INCOME FROM OPERATIONS
86,401	222,209	129,777	250,805	352,959	340,677	176,051	78,029	177,044	-438,806	39,986	57,440	190,120	-443,075	3,598	-70,382	-55,086	-156,223	-1,024	-18,962	87,295	-489,295	190,341	210,653	194,487	167,732	131,810	165,026	87,014	105,671	75,775	78,079	46,661	98,609	65,233	106,618	36,390	131,509	22,273	52,068	60,589	63,410	74,723	54,239	89,897	114,717	94,086
Interest expense, net
-14,211	-14,650	-13,554	-14,567	-12,181	-15,624	-14,191	-23,328	-20,058	-20,409	-20,331	-20,619	-20,771	-20,515	-21,483	-21,963	-24,375	-24,667	-24,510	-24,168	-23,566	-23,472	-17,422	-16,334	-16,557	-16,724	-16,074	-16,991	-16,255	-16,715	-16,219	-18,495	-16,917	-17,735	-18,517	-18,044	-17,367	-20,502	-16,758	-15,769	-14,912	-43,302	-14,857	-15,046	14,226	10,486	6,207
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-4,709	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
-66	-144	-143	-143	-144	-116	-115	-118	-114	-19	5,083	315	-424	-1,408	-402	-302	503	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
72,124	207,415	116,080	236,095	340,634	324,937	161,745	54,583	156,872	-459,234	24,738	37,136	168,925	-463,992	-18,287	-97,356	-79,964	-182,338	-25,534	-43,130	63,729	-512,767	172,919	194,319	177,930	151,008	115,736	148,035	70,759	88,956	59,556	59,584	29,744	80,874	46,716	88,574	19,023	111,007	5,515	36,299	45,677	48,560	59,866	39,193	75,671	104,231	87,879
Income tax expense
18,214	60,475	25,722	55,086	77,871	49,893	39,408	12,152	39,641	-414,793	7,151	15,609	63,205	-171,232	-8,027	-34,446	-28,770	-71,214	-10,020	-15,622	23,474	-290,996	72,131	75,899	70,899	73,062	45,847	58,921	27,935	48,089	22,948	23,647	11,426	54,511	18,234	33,897	6,137	61,897	1,617	14,617	16,981	12,196	20,969	13,691	28,091	37,241	33,254
Net Income (Loss) Attributable to Parent
53,910	146,940	90,358	181,009	262,763	275,044	122,337	42,431	117,231	-44,441	17,587	21,527	105,720	-292,760	-10,260	-62,910	-51,194	-111,124	-15,514	-27,508	40,255	-221,771	100,788	118,420	107,031	77,946	69,889	89,114	42,824	40,867	36,608	35,937	18,318	26,363	28,482	54,677	12,886	49,110	3,898	21,682	28,696	36,364	38,897	25,502	47,580	66,990	54,625
Earnings Per Share [Abstract]
Basic (in dollars per share)
0.14	0.37	0.22	0.43	0.62	0.62	0.28	0.09	0.26	-0.10	0.04	0.05	0.23	-0.63	-0.02	-0.14	-0.12	-0.27	-0.04	-0.07	0.10	-0.53	0.24	0.28	0.26	0.19	0.17	0.21	0.10	-0.04	0.09	0.17	0.09	-0.17	0.14	0.26	0.06	-0.03	0.04	0.21	0.28	-	-	0.25	0.46	0.65	0.55
Diluted (in dollars per share)
0.13	0.36	0.22	0.43	0.62	0.62	0.28	0.09	0.25	-0.10	0.04	0.05	0.23	-0.63	-0.02	-0.14	-0.12	-0.27	-0.04	-0.07	0.10	-0.53	0.24	0.28	0.26	0.18	0.17	0.21	0.10	-0.04	0.09	0.17	0.09	-0.17	0.14	0.26	0.06	-0.03	0.04	0.21	0.27	-	-	0.24	0.46	0.64	0.55
Weighted-average common shares outstanding
Basic (in shares)
398,343	404,343	412,456	422,141	423,116	430,610	440,772	451,055	459,715	462,326	462,498	464,768	465,348	465,330	465,149	465,068	431,841	413,881	413,846	413,713	413,344	412,996	416,173	417,291	416,900	418,768	420,986	420,698	420,300	838,348	419,312	209,512	209,128	1,042,598	208,570	208,528	208,288	519,628	103,955	103,915	103,794	518,119	103,647	103,640	103,521	103,351	98,467
Diluted (in shares)
399,897	405,804	414,462	424,349	425,189	432,499	443,110	453,114	461,549	463,791	464,780	466,745	466,888	465,330	465,149	465,068	431,841	412,454	413,846	413,713	414,771	414,706	418,093	419,092	418,513	419,805	423,453	423,490	422,752	843,525	422,452	211,158	210,813	1,053,854	210,920	210,674	210,640	526,393	105,225	104,964	104,978	523,618	104,917	104,815	104,111	104,495	99,481
Dividends per common share (in dollars per share)
-	-	-	0.09	-	-	-	0.06	0.06	-	0.05	0.05	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01	-0.01	0.01	0.02	0.02	-0.03	0.02	0.02	0.02	-0.03	0.03	0.03	0.03	-0.03	0.03	0.03	0.03	-	-
Natural gas
Revenue from Contract with Customer, Excluding Assessed Tax
370,340	463,451	418,133	470,482	633,174	663,547	440,835	364,660	412,108	353,989	323,319	395,328	433,442	311,580	260,200	223,232	227,578	217,084	222,963	224,806	360,191	372,085	347,970	437,761	432,809	401,177	341,901	368,391	293,793	294,405	231,896	201,051	206,782	207,541	218,521	200,357	170,098	187,222	192,026	164,528	169,870	205,001	177,807	176,213	184,522	200,279	202,689
Other
Revenue from Contract with Customer, Excluding Assessed Tax
55	75	-82	-14	250	539	2,026	-121	1,870	3,174	2,492	2,662	3,332	1,926	1,907	2,016	1,513	2,551	1,945	3,264	3,066	3,714	3,077	3,274	4,697	4,810	2,575	2,819	2,944	3,178	1,870	1,991	1,929	2,061	971	1,225	1,928	1,185	1,127	1,154	1,620	1,224	608	697	1,794	684	377
Crude oil and condensate
Total revenues from contracts with customers
-	-	0	0	-	0	0	0	48,722	67,810	56,913	44,625	42,990	36,497	37,777	46,156	30,676	45,406	59,014	81,233	62,558	85,841	82,563	86,341	59,144	71,328	84,209	70,226	65,655	62,616	57,870	57,466	49,981	46,180	33,158	28,042	18,592	18,664	19,234	21,211	19,982	19,910	19,574	16,210	14,242	20,002	18,600
Brokered natural gas
Total revenues from contracts with customers
-	-	0	0	-	6,155	105,849	92,576	4,950	4,957	3,528	4,037	4,695	4,152	3,641	2,596	3,180	3,733	4,010	3,813	4,827	6,622	6,501	8,140	13,153	10,148	7,165	8,244	10,893	10,174	5,238	5,149	13,444	12,243	9,467	11,072	18,408	15,385	11,675	13,348	24,873	21,166	9,032	11,704	33,381	23,855	27,188
Operating expenses
-	-	0	0	-	5,761	93,405	80,082	4,950	4,990	2,797	3,419	4,046	3,259	2,939	2,021	2,566	2,948	3,020	2,885	3,739	5,459	5,680	7,031	11,860	8,930	5,913	6,704	8,389	8,122	4,258	4,250	11,872	10,472	8,204	9,796	15,362	13,124	10,281	11,793	21,268	18,811	7,786	10,684	29,749	20,891	24,140