Coterra's Q4 Earnings Beat Estimates, Revenues Miss, Dividend Raised

Coterra Energy Inc. (CTRA) reported fourth-quarter 2024 adjusted earnings per share of 47 cents, which beat the Zacks Consensus Estimate of 41 cents. This was largely attributed to stronger-than-expected operational performance, particularly in daily oil and natural gas production volumes. However, the bottom line declined from the year-ago quarter’s 49 cents. The year-over-year underperformance was due to weaker oil, natural gas and NGL realizations and a 4.9% increase in operating expenses.This oil and ga ...