Natural gas prices were on a rollercoaster ride in 2024, ending with a dramatic 44% annual increase — their best performance since 2021. While natural gas prices have surged due to cold weather and rising liquefied natural gas (“LNG”) demand, the market remains volatile. Geopolitical tensions, shifting weather patterns, and supply-demand imbalances will define 2025. However, for investors, resilient players like Coterra Energy (CTRA) , Cheniere Energy (LNG) and Range Resources (RRC) offer a hedge against th ...

Following a robust performance in 2024, with the S&P 500 climbing almost 24%, investor sentiment became highly optimistic and even euphoric. This surge in enthusiasm led to stock prices becoming overinflated, resulting in overbought conditions. Consequently, a natural pullback occurred as the market took a step back to adjust and absorb the gains made earlier.Thus, the market will likely remain choppy, resulting in a need to focus on a portfolio of low-beta stocks, which may be a prudent approach to reducin ...

Here is a stock with buy rank and strong value characteristics for investors to consider today, January 3rd:Coterra Energy Inc. (CTRA) : This independent oil and gas company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 16% over the last 60 days.Coterra has a price-to-earnings ratio (P/E) of 8.80, compared with 24.51 for the S&P 500. The company possesses a Value Score  of A. See the full list of top ranked stocks here. Learn more about the Val ...

Here are two stocks with buy rank and strong income characteristics for investors to consider today, January 3rd:Coterra Energy Inc. (CTRA) : This independent oil and gas company has witnessed the Zacks Consensus Estimate for its next year earnings increasing 16% over the last 60 days.This Zacks Rank #1 company has a dividend yield of 3.3%, compared with the industry average of 0.0%.RB Global, Inc. (RBA) : This omnichannel marketplace for commercial assets and vehicles has witnessed the Zacks Consensus Esti ...

Core Viewpoint - Coterra Energy Inc. (CTRA) is set to acquire Permian Basin assets from Franklin Mountain Energy and Avant Natural Resources for $3.95 billion, financed through a combination of cash and stock [1][2]. Acquisition Details - The acquisition will be completed via a cash and stock deal, consisting of $2.95 billion in cash and $1 billion in Coterra stock, with 40.9 million shares issued [1]. - The deal is expected to close by early 2025 and will enhance Coterra's portfolio with high-quality assets [2]. Post-Acquisition Benefits - CTRA will acquire 49,000 net acres, increasing its net locations in New Mexico by 75% and in the Permian by 25% [3]. - The acquisition is projected to boost oil production capacity by approximately 60,000 to 70,000 barrels of oil equivalent per day [3]. Production and Infrastructure - Following the acquisition, the pro forma production capacity is anticipated to reach around 160,000 barrels per day by 2025, with a reinvestment rate of about 50% [4]. - The addition of 125 miles of pipeline and other infrastructure will improve netbacks and operational economics [4]. Financial Outlook - The acquisition is expected to enhance cash flow and net asset value, with estimated oil production in 2025 projected to increase by 49% compared to 2024 [5]. - CTRA aims to maintain a strong balance sheet and high liquidity ratio by the end of 2025, planning to return at least 50% of free cash flow through dividends and buybacks [5]. Company Overview - Coterra Energy is an independent upstream operator involved in the exploration, development, and production of natural gas, crude oil, and natural gas liquids, currently holding a Zacks Rank 3 (Hold) [6].

We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.Coterra Energy (NYSE: CTRA ) continued to exceed its production expectations, with Q3 2024 production that was above the high-end of its guidance. Faster cycle times have reduced its well costs as well, resulting in ...

Coterra Energy Inc. (CTRA) reported third-quarter 2024 adjusted earnings per share of 30 cents, which missed the Zacks Consensus Estimate of 35 cents. The bottom line also declined from the year-ago quarter’s 47 cents.  The year-over-year underperformance was due to weaker oil and natural gas realizations and a 10.2% increase in operating expenses.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.This oil and gas exploration and production firm’s operating revenues of $1.4 billion mis ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Commission file number 1-10447 COTERRA ENERGY INC. (Exact name of registrant as specified in its charter) Delaware 04-3072771 (State or other jurisdiction of incorporation or or ...

Financial Data and Key Metrics Changes - Coterra Energy reported total production averaging 669 MBoepd per day, with oil averaging 112.3 MBo per day and natural gas averaging 2.68 Bcf per day, all slightly above guidance [16][18] - Net income for the quarter was $252 million or $0.34 per share, with adjusted net income of $233 million or $0.32 per share [18] - Total unit costs during the quarter were $8.73 per BOE, near the midpoint of the annual guidance range of $7.45 to $9.55 per BOE [18] - Discretionary cash flow for the quarter was $670 million, and free cash flow was $277 million after cash capital expenditures of $393 million [20] - The company ended the quarter with a net debt to LTM EBITDA ratio of 0.3 times and approximately $2.8 billion of liquidity [20] Business Line Data and Key Metrics Changes - In the Permian, Coterra brought online 24 net wells, including 16 Net Bone Spring wells and 8 net Windham Row wells [17] - In the Anadarko, five net wells were brought online in the liquids-rich area, while seven net wells were brought online in the Marcellus [17] - The company increased its full-year 2024 oil production guidance to between 107 and 108 MBoepd, up approximately 0.5% from previous guidance [23] Market Data and Key Metrics Changes - Coterra remains constructive on natural gas markets, anticipating a tighter supply-demand picture in 2025 due to growing LNG exports and increased electrical generation demand [10][11] - The company has curtailed and shut in volumes in the Marcellus until natural gas prices improve significantly [10][41] Company Strategy and Development Direction - Coterra emphasizes disciplined capital allocation over production goals, focusing on top-tier operational teams and asset quality [12][14] - The company is exploring opportunities to diversify its natural gas marketing portfolio through LNG sales agreements, enhancing price exposure to international markets [11][30] - Coterra plans to maintain flexibility in capital allocation while pursuing organic oil growth [5][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the oil markets and indicated that they are prepared to adjust capital allocation based on market conditions [46][49] - The company is optimistic about the long-term gas markets but is currently cautious due to oversupply [10][43] - Management highlighted the importance of operational efficiency and continuous improvement as key drivers of future performance [66][67] Other Important Information - Coterra repurchased 4.3 million shares for $111 million during the quarter, returning $265 million to shareholders, which is 96% of free cash flow [25][26] - The company announced a base dividend of $0.21 per share for the third quarter, annualizing to $0.84 per share [25] Q&A Session All Questions and Answers Question: Why would Coterra not continue to simul-frac in 2025? - Management indicated that they are monitoring oil markets and want to maintain flexibility for potential recovery in gas markets [46] Question: How does Coterra view capital allocation across its assets? - Management explained that they estimate cash flow based on commodity prices and activity, maintaining a return of capital commitment [49] Question: How do returns from the Harkey Shale compare to the upper Wolfcamp? - Management stated that the Harkey is outstanding but slightly less than the upper Wolfcamp, with strong results from both intervals [55] Question: What are the implications of potential setback rules in New Mexico? - Management believes the concerns are overblown and does not expect significant regulatory changes that would impact operations [58][60] Question: What are the drivers of capital efficiency improvements? - Management noted that two-thirds of the efficiency gains are from operational timing, with the remainder from productivity improvements [65][66] Question: How does Coterra manage curtailments in the Marcellus? - Management stated that curtailments are managed on a field level, considering all gas volumes equally once capital is spent [104]

3Q24 Earnings Presentation October 31, 2024 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, ...