Coterra Energy (CTRA) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.88%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.40 per share when it actually produced earnings of $0.37, delivering a surprise of -7.50%.Over the last four ...

News Release Coterra Energy Reports Third-Quarter 2024 Results, Announces Quarterly Dividend, and Provides Guidance Update HOUSTON, October 31, 2024 - Coterra Energy Inc. (NYSE: CTRA) ("Coterra" or the "Company") today reported third-quarter 2024 financial and operating results and declared a quarterly dividend of $0.21 per share. Additionally, the Company provided fourth-quarter production and capital guidance and updated full-year 2024 guidance. Tom Jorden, Chairman, CEO and President of Coterra, noted, " ...

Coterra Energy Inc. (CTRA) is set to release third-quarter results on Oct. 31. The Zacks Consensus Estimate for the to-be-reported quarter is a profit of 37 cents per share on revenues of $1.3 billion.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Let’s delve into the factors that might have influenced the oil and gas exploration and production firm’s performance in the September quarter. But it’s worth taking a look at CTRA’s previous-quarter performance first.Highlights of Q2 Earni ...

Coterra Energy (CTRA) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 31, 2024, might help the stock move higher if these key numbers are better t ...

The U.S. Energy Department's latest inventory report showed a higher-than-expected increase in natural gas supplies. Following this bearish data, together with hurricane-induced demand disruption, futures ended the week lower. Natural gas is expected to remain in a volatile state depending on the weather outlook, supply/demand balance etc. In this situation, investors should focus on resilient stocks like Coterra Energy (CTRA) and EQT Corporation (EQT) , while it may be wise to avoid higher-risk options lik ...

The U.S. Energy Department's latest inventory report showed a lower-than-expected increase in natural gas supplies. Despite this bullish data, futures ended the week lower due to worries over the commodity's immediate consumption. Natural gas is expected to remain volatile depending on the weather outlook, supply/demand balance etc. In this situation, investors should focus on resilient stocks like Coterra Energy (CTRA) and Cheniere Energy (LNG) , while it may be wise to avoid higher-risk options like Comst ...

The U.S. Energy Department's latest inventory report showed a slightly larger-than-expected increase in natural gas supplies. Despite this bearish data, futures ended the week higher, driven by forecasts for strong cooling demand. However, natural gas remains down year to date, facing persistent challenges as the market reacts sharply to unpredictable weather patterns. Investors should focus on resilient stocks like Range Resources (RRC) and Coterra Energy (CTRA) , while it may be wise to avoid higher-risk ...

The U.S. Energy Department's latest inventory report revealed another smaller-than-expected build in natural gas supplies, giving futures a modest lift. Prices edged up slightly week over week, but the commodity is still down around 8% year to date. Natural gas faces persistent headwinds, with the market highly sensitive to erratic weather patterns that sway prices and disrupt stability. For now, investors should keep their eyes on resilient stocks like Range Resources (RRC) and Coterra Energy (CTRA) , whil ...

Shares of natural gas-focused producer Coterra Energy (CTRA) slipped to a 52-week low of $22.79 per share on Sept. 6, before closing a tad higher at $23.49. Year to date, Coterra Energy has lost more than 10% of its value compared with the sector's decrease of 0.7%. Meanwhile, the S&P 500 Index has risen 13.3% over the same timeframe. The company has also fared worse than its peers like Range Resources (RRC) and Antero Resources (AR) . YTD Price Comparison Image Source: Zacks Investment Research What's Drag ...

Core Insights - Coterra Energy has demonstrated strong operational performance, beating expectations in seven out of the last eight quarters, with notable capital efficiencies and well performance exceeding initial expectations [2][3][5] - The company maintains a diversified business model, with over 70% of its production being natural gas, while oil and natural gas liquids (NGLs) contribute significantly to revenue [5][6][27] - Coterra emphasizes the importance of creating shareholder value through capital allocation, focusing on both M&A opportunities and share buybacks, while maintaining a strong balance sheet [7][9][13] Operational Performance - The operational team at Coterra has fostered a culture of collaboration and best practices, leading to consistent operational cadence and performance [2][3] - The company has successfully implemented simul-frac techniques, which have accelerated project timelines and improved well performance [5][30] Business Model and Market Position - Coterra's diversified revenue streams allow for consistent cash flow, even amidst volatile commodity prices, with cash flow only changing by about 12% despite significant price swings [6][21] - The company trades at a discount compared to pure gas companies and larger exploration and production (E&P) firms, indicating potential for market revaluation as operational excellence is established [4][5] Capital Allocation Strategy - Coterra prioritizes returning cash to shareholders through dividends and share buybacks, with a commitment to maintaining a strong dividend yield [13][14] - The company evaluates M&A opportunities based on the potential to create value for shareholders, emphasizing quality assets and the importance of capital allocation [7][8][10] Future Outlook - Coterra is focused on long-term growth through financial performance rather than production growth, with capital investments typically ranging from 50% to 70% of cash flow [16][17] - The company is well-positioned to adapt to market changes, with a robust inventory and a focus on environmental excellence, including emissions-free facilities and methane detection initiatives [37][38]