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Coterra Energy (CTRA)
NYSE:CTRA
Earnings Data
Report Date
Feb 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.43Last Year’s EPS
0.52Same Quarter Last Year
Strong Buy
Based on 19 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: -3.54%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Coterra Energy's strong production levels, efficient capital management, and successful integration of recent acquisitions. While there were challenges with natural gas prices and increased operating costs due to new acquisitions, the positive aspects of strong financial performance, shareholder returns, and cost efficiencies significantly outweighed the negatives.Company Guidance
In the fourth quarter of 2024, Coterra Energy Inc. exceeded expectations by achieving oil and natural gas production levels above the high end of its guidance range, while capital expenditures were near the low end. The company returned 61% of its free cash flow in the fourth quarter through dividends and share buybacks, totaling 89% for the full year 2024. For 2025, Coterra plans to run a consistent, capital-efficient program across its three operating regions, with the potential to add $50 million to its capital program if favorable gas market conditions persist. The company anticipates production to average between 710 and 770 MBOE per day, with oil production expected to increase by 47% year-over-year at the midpoint of guidance. Coterra aims to maintain a strong balance sheet and return 50% or more of annual free cash flow to shareholders through dividends and share repurchases.Record Production Levels
Coterra Energy achieved production levels above the high end of their guidance range for oil and natural gas in Q4 2024.
Shareholder Returns
Coterra returned 61% of free cash flow in Q4 through dividends and buybacks, and 89% for the full year 2024.
Strong Financial Performance
Coterra reported net income of $297 million ($0.40 per share) and adjusted net income of $358 million ($0.49 per share) for Q4 2024.
Cost Efficiency
Capital costs were just above the low end of the guidance range, with a 16% decrease in capital spending year over year.
Acquisitions Integration
Successful integration of Franklin Mountain and Avant acquisitions, with expected run-rate synergies of $50 million.
Continued Lower Costs
The Marcellus program is operating with a record low-cost structure of $800 per foot, improving capital efficiency.
Deleveraging Focus
Coterra plans to repay $1 billion of term loans in 2025, targeting net debt to EBITDA of around 0.5 times.
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CTRA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CTRA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $27.98 | $27.38 | -2.14% |
| Oct 31, 2024 | $23.72 | $22.52 | -5.06% |
| Aug 01, 2024 | $24.97 | $23.70 | -5.09% |
| May 02, 2024 | $26.50 | $27.51 | +3.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Coterra Energy (CTRA) report earnings?
Coterra Energy (CTRA) is schdueled to report earning on Feb 24, 2025, TBA Not Confirmed.
What is Coterra Energy (CTRA) earnings time?
Coterra Energy (CTRA) earnings time is at Feb 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTRA EPS forecast?
CTRA EPS forecast for the fiscal quarter 2024 (Q4) is 0.43.
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