Group 1: Company Performance - Coterra Energy reported quarterly earnings of $0.80 per share, exceeding the Zacks Consensus Estimate of $0.78 per share, and up from $0.51 per share a year ago, representing an earnings surprise of 2.56% [1] - Cabot reported revenues of $1.9 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.89%, compared to $1.43 billion in the same quarter last year [2] - Cabot has surpassed consensus EPS estimates two times over the last four quarters, while it has topped consensus revenue estimates just once [2] Group 2: Market Outlook - The sustainability of Cabot's stock price movement will depend on management's commentary during the earnings call and future earnings expectations [3] - The current consensus EPS estimate for Cabot is $0.60 on $1.84 billion in revenues for the coming quarter, and $2.78 on $7.85 billion in revenues for the current fiscal year [7] - The Zacks Industry Rank for Oil and Gas - Exploration and Production - United States is currently in the bottom 18% of over 250 Zacks industries, indicating potential challenges for stock performance [8] Group 3: Estimate Revisions - The estimate revisions trend for Cabot is mixed, leading to a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

1Q25 Earnings Presentation May 2025 Disclaimer Cautionary Statement Regarding Forward-Looking Information Investor Contacts This presentation contains certain forward-looking statements within the meaning of federal securities laws. Forward-looking statements are not statements of historical fact and reflect Coterra's current views about future events. Such forward-looking statements include, but are not limited to, statements about returns to shareholders, growth rates, enhanced shareholder value, reserves ...

Production and Operational Performance - For Q1 2025, total BOE production was 747 MBoepd, exceeding guidance of 710 to 750 MBoepd[4] - Total production volumes for the Company increased to 3,043.8 Mmcf/day in Q1 2025, up from 2,960.1 Mmcf/day in Q1 2024, representing a growth of approximately 2.8%[20] - The average daily equivalent production in the Permian Basin increased to 303.4 MBoepd in Q1 2025, up from 248.2 MBoepd in Q1 2024, representing a growth of 22.3%[20] - The Company drilled a total of 75 gross wells in Q1 2025, compared to 70 gross wells in Q1 2024, reflecting a 7.1% increase in drilling activity[21] - The average operated rig count in the Permian Basin increased to 11.7 in Q1 2025, compared to 8.0 in Q1 2024, showing a 46.3% increase in operational capacity[21] Financial Performance - Net Income for Q1 2025 was $516 million, or $0.68 per share, while Adjusted Net Income was $608 million, or $0.80 per share[7] - Operating revenues increased to $1,904 million in Q1 2025, up 32.8% from $1,433 million in Q1 2024[27] - Net income for Q1 2025 was $516 million, representing a 46.5% increase compared to $352 million in Q1 2024[27] - Earnings per share (EPS) rose to $0.68 in Q1 2025, up 44.7% from $0.47 in Q1 2024[27] - Cash flow from operating activities was $1,144 million in Q1 2025, a 33.6% increase from $856 million in Q1 2024[44] - Free cash flow reached $663 million in Q1 2025, compared to $340 million in Q1 2024, indicating a significant increase[44] - Adjusted EBITDAX for Q1 2025 was $1,337 million, up 45.8% from $917 million in Q1 2024[48] Capital Expenditures and Budget - Coterra is lowering its 2025 capital budget range to $2.0 to $2.3 billion, down from $2.1 to $2.4 billion, due to reduced oil-directed activity[11] - Capital expenditures for drilling and completion were $472 million in Q1 2025, slightly higher than $457 million in Q1 2024[31] - Capital expenditures for 2025 are projected to be between $2,000 million and $2,300 million, with a midpoint of $2,150 million[63] Debt and Equity - Coterra's total debt outstanding as of March 31, 2025, was $4.25 billion, with a Net Debt to trailing twelve-month Adjusted Pro Forma EBITDAX ratio of 0.9x[10] - Long-term debt increased to $4,280 million as of March 31, 2025, compared to $3,535 million at the end of 2024[29] - The total debt to total capitalization ratio is 23.1% as of March 31, 2025, up from 21.2% as of December 31, 2024[54] - Net debt increased to $4,094 million as of March 31, 2025, compared to $1,497 million as of December 31, 2024, indicating a significant increase in leverage[57] - Stockholders' equity rose to $14,224 million as of March 31, 2025, up from $13,122 million at the end of 2024[29] Shareholder Returns - The company expects 2025 Free Cash Flow to total $2.1 billion, which will be used for dividends, debt reduction, and share repurchases[7] - The company declared a quarterly dividend of $0.22 per share, equating to a 3.4% annualized yield based on a closing share price of $25.67[11] - Coterra expects to return 50% or greater of annual Free Cash Flow to shareholders through dividends and share repurchases, while prioritizing debt reduction in 2025[11] - The company repurchased 0.9 million shares for $24 million during the quarter, leaving $1.1 billion remaining on its share repurchase authorization[11] Price and Market Outlook - Average sales price for natural gas (excluding hedges) rose to $3.28/Mcf in Q1 2025, compared to $2.00/Mcf in Q1 2024, marking a significant increase of 64%[20] - The average sales price for oil (excluding hedges) decreased to $69.73/Bbl in Q1 2025 from $75.16/Bbl in Q1 2024, a decline of about 7.2%[20] - The Company reported a weighted average floor price for WTI oil collars of $61.79/Bbl for Q2 2025, indicating a strategic hedging position to mitigate price volatility[25] - The Company has entered into financial commodity derivatives for natural gas with a weighted average ceiling price of $5.75/MMBtu for Q4 2026, reflecting proactive risk management[26] - The company has updated its guidance for WTI prices to $63 per barrel and Henry Hub prices to $3.70 per mmbtu for 2025[63] Future Projections - The company expects total equivalent production for 2025 to range from 720 MBoed to 770 MBoed, with a midpoint of 745 MBoed[63] - The company anticipates discretionary cash flow of $5.0 billion for 2025, with a free cash flow forecast of $2.7 billion[63] - The net debt to Adjusted EBITDAX ratio is projected to be 0.9x for the trailing twelve months ended March 31, 2025, compared to 0.4x for the trailing twelve months ended December 31, 2024[60] - The company plans to turn in line 150 to 165 net wells in the Permian Basin for 2025, with no changes in the Marcellus Shale and Anadarko Basin[63]

Coterra Energy Inc. (CTRA) is set to release first-quarter 2025 results on May 5. The Zacks Consensus Estimate for the to-be-reported quarter is a profit of 76 cents per share on revenues of $1.9 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 CTRA's Q4 Earnings & Surprise HistoryIn the last reported quarter, the Houston, ...

Wall Street analysts expect Coterra Energy (CTRA) to post quarterly earnings of $0.76 per share in its upcoming report, which indicates a year-over-year increase of 49%. Revenues are expected to be $1.92 billion, up 34.1% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 8.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's ea ...

The market expects Coterra Energy (CTRA) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. 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 releas ...

Company Performance - Coterra Energy's stock closed at $25.08, reflecting a +1.09% change, underperforming the S&P 500's gain of 2.51% [1] - The company experienced a 15.5% decline in shares over the past month, compared to a 12.78% loss in the Oils-Energy sector and an 8.86% loss in the S&P 500 [1] Upcoming Financial Results - Coterra Energy is set to announce its earnings on May 5, 2025, with an expected EPS of $0.75, indicating a 47.06% growth year-over-year [2] - Revenue is projected to be $1.9 billion, representing a 32.79% increase from the same quarter last year [2] Full Year Projections - For the full year, earnings are estimated at $2.92 per share and revenue at $7.95 billion, reflecting increases of +73.81% and +45.62% respectively from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Coterra Energy are crucial as they reflect near-term business trends, with positive changes indicating a favorable outlook on the company's health and profitability [4] Stock Performance and Valuation - The Zacks Rank system indicates that Coterra Energy currently holds a rank of 3 (Hold), with a recent 5.87% decrease in the consensus EPS estimate [6] - The company has a Forward P/E ratio of 8.51, which is higher than the industry average of 7.29 [7] - Coterra Energy's PEG ratio stands at 0.26, significantly lower than the industry average PEG ratio of 0.91 [8] Industry Context - The Oil and Gas - Exploration and Production - United States industry is ranked 202 in the Zacks Industry Rank, placing it in the bottom 19% of over 250 industries [9]

Industry Overview - The U.S. Energy Department reported a lower-than-expected increase in natural gas supplies, with stockpiles rising by 16 billion cubic feet (Bcf) for the week ended April 11, compared to analysts' expectations of a 24 Bcf addition [2] - Total natural gas stocks reached 1,846 Bcf, which is 480 Bcf (20.6%) below the 2024 level and 74 Bcf (3.9%) lower than the five-year average [3] - Daily natural gas consumption fell to 103 Bcf from 108.6 Bcf in the previous week, attributed to lower residential and commercial usage due to warmer temperatures [4] Natural Gas Prices - Natural gas prices have declined, settling at $3.249 on the New York Mercantile Exchange, marking an almost 8% drop and the lowest close since January [5] - The market is experiencing a seasonal lull as heating demand decreases and cooling demand has not yet fully ramped up [5] Production Insights - Natural gas production continues to break records, with daily output in the Lower 48 states hitting an all-time high [6] - Warmer-than-usual weather is expected to keep heating demand soft, while robust LNG export demand may provide long-term support [6] Company Focus - **Expand Energy (EXE)**: The largest natural gas producer in the U.S. post-merger, well-positioned to benefit from increasing demand driven by LNG exports and electrification trends. The Zacks Consensus Estimate for 2025 earnings per share indicates a 475.9% year-over-year surge [8][9] - **Excelerate Energy (EE)**: Specializes in LNG infrastructure and services, representing 20% of the global FSRU fleet. The Zacks Consensus Estimate for 2025 earnings per share indicates 15% year-over-year growth [10][11] - **Coterra Energy (CTRA)**: An independent upstream operator with a focus on natural gas, owning 183,000 net acres in the Marcellus Shale. The expected earnings per share growth rate for three to five years is 32.2%, compared to the industry's 19.3% [12][13]

A month has gone by since the last earnings report for Coterra Energy (CTRA) . Shares have added about 7.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Cabot due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns out, ...

Coterra Energy (CTRA) is set to restart its Marcellus operations in the second quarter of 2025 following a halt in drilling last August due to low gas prices. With two rigs and a frac crew ready to return, the company is cautiously stepping back into growth mode as natural gas prices show signs of stability. Coterra is not alone — other major gas producers such as Expand Energy (EXE) , Comstock Resources (CRK) and Range Resources (RRC) — are also gearing up to increase output in response to rising demand an ...