Cabot’s Otherwise-Strong Third-Quarter Results Overshadowed by Atlantic Sunrise Delay
Cabot’s third-quarter results were a mixed bag, with another quarter of free cash flow generation overshadowed by a pushback in the expected in-service date of the Atlantic Sunrise pipeline project by six months. Coming on the heels of ongoing delays in the startup of the Constitution pipeline—which would increase Cabot’s out-of-basin capacity by 500 million cubic feet per day—news of the Atlantic Sunrise delay no doubt disappointed investors, as this project would carry 850 MMcf/d of natural ga...Cabot Oil & Gas is an independent oil and gas company engaged in the development, exploitation, exploration and production of oil and gas properties. The company operates in one segment, natural gas and oil development, exploitation, exploration and production, in the continental United States. The company's operations are primarily concentrated in one unconventional play—the Marcellus Shale in northeast Pennsylvania.
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