Coterra Energy (CTRA) Q4 Earnings and Revenues Miss Estimates

Coterra Energy Inc. (CTRA) reported fourth-quarter 2023 adjusted earnings per share of 52 cents, which missed the Zacks Consensus Estimate of 56 cents. The bottom line also declined from the year-ago quarter’s level of $1.16. The underperformance could be primarily attributed to weaker oil and natural gas realizations.This oil and gas exploration and production firm’s operating revenues of$1.6 billion missed the Zacks Consensus Estimate by $54 million. The figure also fell 30.4% from the year-ago level of ...