The company reported an adjusted loss of 7 cents per share, better than estimates of an 8 cent-loss. Revenue for the period was $246.8 million which missed consensus of $278 million.
Cabot set third quarter production guidance for crude oil at 10,000 to 10,500 barrels per day.
"Cabot's 2016 operating plan was designed to provide modest production growth while generating positive free cash flow despite a lower commodity price environment," said CEO Dan Dinges.
Dinges said the company delivered on its operating plan, growing production 10% relative to the 2015 second quarter.
The Houston-based oil and gas company also drilled seven wells and completed 11 during the second quarter, totaling $70.9 million in capital expenditures.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "sell" with a ratings score of D+.
The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, weak operating cash flow, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: COG