Coterra Energy Inc. (NYSE:CTRA) Company Conference Call June 18, 2024 8:00 AM ET Company Participants Tom Jorden - President, Chief Executive Officer Conference Call Participants Arun Jayaram - JP Morgan Arun Jayaram Well, good morning and welcome to Day 2 of JP Morgan’s 9th Annual Energy Conference. My name is Arun Jayaram. I’m JP Morgan’s E&P and OFS analyst, and thrilled to have Coterra to lead off Day 2, thrilled to have President and CEO, Tom Jorden, and we’ll host a fireside chat today. We think that ...

Considering that the space remains highly susceptible to unpredictable weather patterns that impact prices and market stability, at this time we advise investors to focus on stocks like Coterra Energy (CTRA) and Cheniere Energy (LNG) . The latest increase puts total natural gas stocks at 2,974 Bcf, which is 364 Bcf (13.9%) above the 2023 level and 573 Bcf (23.9%) higher than the five-year average. Natural Gas Prices Finish Lower Chesapeake announced a reduction in its drilling rigs to lower volume, with the ...

dszc Data center demand as a share of total US power demand, % 12% 10% of Overall US Power Den 8% 6% 4% 2% 0% 2023 2024 2025 2026 2027 2028 2029 2030 Non-Al Data Center Demand I Al Demand Bull Case Bear Case AI data center and blockchain, as well as electrification of transportation, industry and real estate are driving record demand for electric power. Currently, blockchain, primarily Bitcoin mining, uses up to 2.3% of all U.S. electrical power according to the EIA. Goldman Sachs laid out a case that data ...

The U.S. Energy Department's weekly inventory release showed that natural gas supplies increased more than expected. The bearish inventory numbers notwithstanding, futures settled with a gain week over week on signs of production pullback, resurgence of LNG exports and robust summer demand. The latest increase puts total natural gas stocks at 2,795 Bcf, which is 380 Bcf (15.7%) above the 2023 level and 586 Bcf (26.5%) higher than the five-year average. The total supply of natural gas averaged 105.4 Bcf per ...

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 gain week over week. Despite the increase, the space remains highly susceptible to unpredictable weather patterns, impacting prices and market stability. At this time, we advise investors to focus on stocks like Coterra Energy (CTRA) and Cheni ...

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 ...