The U.S. Energy Department's weekly inventory release showed that natural gas supplies increased less than expected. The positive inventory numbers, together with signs of production pullback and upcoming summer demand, buoyed natural gas futures, which settled with a healthy gain week over week. Despite this spike, which saw natural gas hit its highest since January, the space remains highly susceptible to unpredictable weather patterns, impacting prices and market stability. At this time, we advise invest ...

The U.S. Energy Department's weekly inventory release showed that natural gas supplies increased less than expected. The positive inventory numbers, together with signs of production pullback and upcoming summer demand, buoyed natural gas futures, which settled with a healthy gain week over week.Despite this spike, which saw natural gas hit its highest since January, the market hasn't been kind to the commodity. It fell to multi-year lows earlier this year due to worries about record output and concerns abo ...

Coterra Energy Inc. (CTRA) reported first-quarter 2024 adjusted earnings per share of 51 cents, which beat the Zacks Consensus Estimate of 41 cents. The outperformance reflects strong production. However, the bottom line declined from the year-ago quarter’s level of 87 cents. The year-over-year underperformance was primarily due to weaker natural gas and natural gas liquids realizations.This oil and gas exploration and production firm’s operating revenues of $1.4 billion beat the Zacks Consensus Estimate by ...

• Repurchased 6 million shares for $157 million during the three months ended March 31, 2024. We repurchased 11 million shares for $271 million during the three months ended March 31, 2023. Market Conditions and Commodity Prices Our financial results depend on many factors, particularly commodity prices and our ability to find, develop and market our production on economically attractive terms. Commodity prices are affected by many factors outside of our control, including changes in market supply and deman ...

Coterra Energy, Inc. (NYSE:CTRA) Q1 2024 Earnings Conference Call May 3, 2024 9:00 AM ET Company Participants Daniel Guffey - Vice President of Finance, IR & Treasury Thomas Jorden - Chairman, Chief Executive Officer & President Shane Young - Executive Vice President & Chief Financial Officer Blake Sirgo - Senior Vice President, Operations Conference Call Participants Nitin Kumar - Mizuho Arun Jayaram - JPMorgan Neil Mehta - Goldman Sachs Betty Jiang - Barclays David Deckelbaum - TD Cowen Scott Gruber - Cit ...

Coterra Energy Reports First-Quarter 2024 Results, Announces Quarterly Dividend, and Updates 2024 Outlook Key Takeaways & Updates • Increasing full-year 2024 oil guidance 2.5% from initial guidance, driven by strong well performance and faster cycle times. Maintaining full-year 2024 BOE and incurred capital expenditure (non-GAAP) guidance. • Issued $500 million aggregate principal amount of senior unsecured notes due 2034, with a coupon of 5.60% per annum. Coterra intends to use the net proceeds from the of ...

Coterra Energy Inc. (CTRA) is set to release first-quarter results on May 2. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 41 cents per share on revenues of $1.4 billion.Let’s delve into the factors that might have influenced the oil and gas exploration and production firm’s performance in the March quarter. But it’s worth taking a look at CTRA’s previous-quarter performance first.Highlights of Q4 Earnings & Surprise HistoryIn the last reported quarter, the Houston, TX-b ...

The market expects Coterra Energy (CTRA) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

Coterra Energy (CTRA) ended the recent trading session at $28.32, demonstrating a -0.14% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 1.11%. Elsewhere, the Dow saw an upswing of 0.8%, while the tech-heavy Nasdaq appreciated by 1.24%.Shares of the independent oil and gas company have appreciated by 8.41% over the course of the past month, underperforming the Oils-Energy sector's gain of 10.33% and outperforming the S&P 500's gain of 0.48%.Analysts ...

Coterra Energy (CTRA) closed at $27.13 in the latest trading session, marking a +0.04% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.89% for the day. On the other hand, the Dow registered a gain of 1.03%, and the technology-centric Nasdaq increased by 1.25%.The the stock of independent oil and gas company has risen by 10.11% in the past month, leading the Oils-Energy sector's gain of 5.25% and the S&P 500's gain of 3.56%.The investment community will be closely m ...