Maksim Safaniuk Coterra Energy Inc. (NYSE:CTRA) reported Q4 2023 results that exceeded production expectations by a few percent. The strong production and lower than expected capex resulted in its 2023 free cash flow ending up around $132 million higher than I had projected for it when I looked at it in December 2023. Coterra has significantly reduced its Marcellus capex for 2024 and expects a 6% decline in natural gas production in 2024, but is planning for modest natural gas production growth after th ...

In the latest trading session, Coterra Energy (CTRA) closed at $26.60, marking a -0.3% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.29% for the day. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.3%.The independent oil and gas company's shares have seen an increase of 11.59% over the last month, surpassing the Oils-Energy sector's gain of 6.58% and the S&P 500's gain of 4.42%.Market participants will be closely following the financial resul ...

Coterra Energy (CTRA) closed the most recent trading day at $26.36, moving +0.76% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.65%. Meanwhile, the Dow lost 0.18%, and the Nasdaq, a tech-heavy index, lost 1.16%.The independent oil and gas company's stock has climbed by 6.78% in the past month, exceeding the Oils-Energy sector's gain of 4.75% and the S&P 500's gain of 3.4%.Analysts and investors alike will be keeping a close eye on the performance of Co ...

HOUSTON--(BUSINESS WIRE)--Coterra Energy Inc. (“Coterra”) (NYSE: CTRA) announced today that it has priced an offering of $500 million aggregate principal amount of senior unsecured notes due 2034, which will carry an interest rate of 5.60%. The offering is expected to close on March 13, 2024, subject to the satisfaction of customary closing conditions. This is Coterra’s first debt offering since transactions completed in connection with the merger of Cabot Oil & Gas Corporation and Cimarex Energy Co. Coterr ...

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Disclaimer Investor Contacts Investor Relations Manager hannah.stuckey@coterra.com Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Except to the extent required by applicable law, Coterra does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements that s ...

Coterra Energy Inc. (NYSE:CTRA) Q4 2023 Earnings Conference Call February 23, 2024 10:00 AM ET Company Participants Dan Guffey - Vice President, Finance, Planning and IR Tom Jorden - Chairman, President and CEO Shane Young - Executive Vice President and CFO Blake Sirgo - Senior Vice President, Operations Conference Call Participants Nitin Kumar - Mizuho Securities Arun Jayaram - JPMorgan David Deckelbaum - TD Cowen Neal Dingmann - Truist Michael Scialla - Stephens Scott Gruber - Citigroup Kevin MacCurdy - P ...

Coterra Energy Inc. (CTRA) reported fourth-quarter 2023 adjusted earnings per share of 52 cents, which missed the Zacks Consensus Estimate of 56 cents. The bottom line also declined from the year-ago quarter’s level of $1.16. The underperformance could be primarily attributed to weaker oil and natural gas realizations.This oil and gas exploration and production firm’s operating revenues of $1.6 billion missed the Zacks Consensus Estimate by $54 million. The figure also fell 30.4% from the year-ago level of ...

Coterra Energy (CTRA) reported $1.6 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 30%. EPS of $0.52 for the same period compares to $1.16 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.54 billion, representing a surprise of +3.51%. The company delivered an EPS surprise of -7.14%, with the consensus EPS estimate being $0.56.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...

Coterra Energy (CTRA) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.14%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.44 per share when it actually produced earnings of $0.50, delivering a surprise of 13.64%.Over the last four ...