Compared to Estimates, Cabot (CTRA) Q4 Earnings: A Look at Key Metrics

Core Insights - Coterra Energy reported a revenue of $1.4 billion for the quarter ended December 2024, reflecting a 12.6% decrease year-over-year, with an EPS of $0.49 compared to $0.52 in the same quarter last year [1] - The reported revenue met the Zacks Consensus Estimate, but the EPS exceeded expectations by 16.67% [1] Financial Performance - Coterra's revenue of $1.4 billion was in line with the Zacks Consensus Estimate, showing a surprise of -0.40% [1] - The company achieved an EPS surprise of +16.67%, with the consensus EPS estimate being $0.42 [1] Production Volumes - Total daily equivalent production was 681.5 MBOE/d, surpassing the eight-analyst average estimate of 653.62 MBOE/d [4] - Natural gas liquids production was 105.4 MBbl, slightly below the average estimate of 106.67 MBbl [4] - Natural gas production reached 2,778.9 MMcf/d, exceeding the average estimate of 2,623.03 MMcf/d [4] - Oil production was 113 MBbl/d, above the seven-analyst average estimate of 110.38 MBbl/d [4] Average Sales Prices - The average sales price for natural gas (excluding hedges) was $2.02 per thousand cubic feet, higher than the average estimate of $1.97 [4] - The average sales price for NGL (including hedges) was $20.94 per barrel, compared to the estimated $20.18 [4] - The average sales price for oil (including hedges) was $68.7 per barrel, slightly below the average estimate of $68.89 [4] - The average sales price for oil (excluding hedges) was $68.57 per barrel, compared to the estimated $68.77 [4] Operating Revenues - Operating revenues from oil were reported at $713 million, slightly below the estimated $715.22 million, representing a year-over-year decline of 3.9% [4] - Operating revenues from natural gas were $516 million, exceeding the estimated $482.11 million, but reflecting a year-over-year decrease of 6.7% [4] - Operating revenues from NGL were $203 million, below the estimated $215.37 million, but showing a year-over-year increase of 20.8% [4] - Operating revenues from other sources were $14 million, significantly lower than the estimated $20.50 million, indicating a year-over-year decline of 56.3% [4]