Coterra (CTRA) Q2 Earnings Down Y/Y, Sales Lag Estimates

Coterra Energy Inc. (CTRA) reported second-quarter 2024 adjusted earnings per share of 35 cents, which missed the Zacks Consensus Estimate of 40 cents. The bottom line also declined from the year-ago quarter's level of 38 cents per share. The year-over-year underperformance was due to weaker natural gas realizations and a 7.4% increase in operating expenses. This oil and gas exploration and production firm's operating revenues of $1.3 billion missed the Zacks Consensus Estimate by $75 million. However, the ...