The market expects Coterra Energy (CTRA) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be releas ...

Company Performance - Coterra Energy's stock closed at $25.08, reflecting a +1.09% change, underperforming the S&P 500's gain of 2.51% [1] - The company experienced a 15.5% decline in shares over the past month, compared to a 12.78% loss in the Oils-Energy sector and an 8.86% loss in the S&P 500 [1] Upcoming Financial Results - Coterra Energy is set to announce its earnings on May 5, 2025, with an expected EPS of $0.75, indicating a 47.06% growth year-over-year [2] - Revenue is projected to be $1.9 billion, representing a 32.79% increase from the same quarter last year [2] Full Year Projections - For the full year, earnings are estimated at $2.92 per share and revenue at $7.95 billion, reflecting increases of +73.81% and +45.62% respectively from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Coterra Energy are crucial as they reflect near-term business trends, with positive changes indicating a favorable outlook on the company's health and profitability [4] Stock Performance and Valuation - The Zacks Rank system indicates that Coterra Energy currently holds a rank of 3 (Hold), with a recent 5.87% decrease in the consensus EPS estimate [6] - The company has a Forward P/E ratio of 8.51, which is higher than the industry average of 7.29 [7] - Coterra Energy's PEG ratio stands at 0.26, significantly lower than the industry average PEG ratio of 0.91 [8] Industry Context - The Oil and Gas - Exploration and Production - United States industry is ranked 202 in the Zacks Industry Rank, placing it in the bottom 19% of over 250 industries [9]

Industry Overview - The U.S. Energy Department reported a lower-than-expected increase in natural gas supplies, with stockpiles rising by 16 billion cubic feet (Bcf) for the week ended April 11, compared to analysts' expectations of a 24 Bcf addition [2] - Total natural gas stocks reached 1,846 Bcf, which is 480 Bcf (20.6%) below the 2024 level and 74 Bcf (3.9%) lower than the five-year average [3] - Daily natural gas consumption fell to 103 Bcf from 108.6 Bcf in the previous week, attributed to lower residential and commercial usage due to warmer temperatures [4] Natural Gas Prices - Natural gas prices have declined, settling at $3.249 on the New York Mercantile Exchange, marking an almost 8% drop and the lowest close since January [5] - The market is experiencing a seasonal lull as heating demand decreases and cooling demand has not yet fully ramped up [5] Production Insights - Natural gas production continues to break records, with daily output in the Lower 48 states hitting an all-time high [6] - Warmer-than-usual weather is expected to keep heating demand soft, while robust LNG export demand may provide long-term support [6] Company Focus - **Expand Energy (EXE)**: The largest natural gas producer in the U.S. post-merger, well-positioned to benefit from increasing demand driven by LNG exports and electrification trends. The Zacks Consensus Estimate for 2025 earnings per share indicates a 475.9% year-over-year surge [8][9] - **Excelerate Energy (EE)**: Specializes in LNG infrastructure and services, representing 20% of the global FSRU fleet. The Zacks Consensus Estimate for 2025 earnings per share indicates 15% year-over-year growth [10][11] - **Coterra Energy (CTRA)**: An independent upstream operator with a focus on natural gas, owning 183,000 net acres in the Marcellus Shale. The expected earnings per share growth rate for three to five years is 32.2%, compared to the industry's 19.3% [12][13]

A month has gone by since the last earnings report for Coterra Energy (CTRA) . Shares have added about 7.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Cabot due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns out, ...

Coterra Energy (CTRA) is set to restart its Marcellus operations in the second quarter of 2025 following a halt in drilling last August due to low gas prices. With two rigs and a frac crew ready to return, the company is cautiously stepping back into growth mode as natural gas prices show signs of stability. Coterra is not alone — other major gas producers such as Expand Energy (EXE) , Comstock Resources (CRK) and Range Resources (RRC) — are also gearing up to increase output in response to rising demand an ...

Coterra Energy (NYSE: CTRA ) is an oil and gas production company with a broad range of assets. The company owns a large position in the Marcellus shale as well as the Permian and Anadarko basins. As a result, the companyI am a Licensed Professional Engineer who works in the Nuclear Power industry. I use my professional working knowledge of the power/energy industries to aid in evaluating potential equities worthy of long-term investment. I invest in income producing equities and rental real estate properti ...

Coterra Energy (CTRA) delivered a mixed yet promising fourth-quarter 2024 performance, beating earnings estimates but missing revenue projections. The U.S. oil and gas producer reported adjusted EPS of 47 cents, surpassing the Zacks Consensus Estimate of 41 cents, thanks to stronger-than-expected production volumes. However, revenues came in at $1.4 billion, missing expectations by $6 million and marking a 12.6% decline year over year. Despite this, the company increased its quarterly dividend by 5% to 22 c ...

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 ...

Financial Data and Key Metrics Changes - Coterra Energy achieved production levels above the high end of guidance for oil and natural gas, with capital expenditures near the low end of guidance [7][16] - The company returned 61% of free cash flow in Q4 2024 through dividends and share buybacks, totaling 89% for the full year [7][31] - Net income for Q4 was $297 million or $0.40 per share, with adjusted net income at $358 million or $0.49 per share [18] - Total equivalent production for 2024 was 677 MBOE per day, exceeding guidance by 4% and showing a 13% year-over-year organic growth in oil production [19][20] - Capital costs for 2024 were $1.76 billion, representing a 16% decrease year-over-year [21] Business Line Data and Key Metrics Changes - The company saw outperformance in new wells in both the Permian and Marcellus regions, with total production for Q4 exceeding guidance by over 3% [16][17] - Incurred capital in Q4 was just above the low end of guidance, driven by lower completion and post-completion costs [18] - The 2025 capital plan includes significant investments in oil while maintaining flexibility to adjust based on market conditions [10][24] Market Data and Key Metrics Changes - Coterra expects total production in 2025 to average between 710 and 770 MBOE per day, with oil production projected to be 152 to 168 MBO per day, a 47% increase year-over-year at the midpoint [26] - Natural gas production is expected to remain relatively flat year-over-year, between 2.675 and 2.875 BCF per day [26] - The company is closely monitoring gas markets and is prepared to accelerate its Marcellus program if positive conditions persist [9][10] Company Strategy and Development Direction - Coterra's strategy focuses on capital efficiency, profitable growth, and maintaining flexibility in capital allocation across its operating regions [13][29] - The company successfully closed the Franklin Mountain and Avant acquisitions, integrating these assets to optimize operational efficiency [11] - The updated three-year outlook anticipates 5% or greater oil volume growth and aims for a capital investment of $2.1 to $2.4 billion per year [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver solid results in 2025, driven by strong operational performance and capital discipline [34] - The outlook for gas markets appears constructive, with management prepared to adjust activity levels based on market conditions [66][67] - The company aims to maintain a strong balance sheet and prioritize deleveraging while returning a significant portion of free cash flow to shareholders [32][33] Other Important Information - Coterra announced a $0.22 per share dividend for Q4, increasing the annual base dividend by 5% to $0.88 per share [30] - The company repurchased 17 million shares for $464 million in 2024, returning 89% of free cash flow through repurchases and dividends [31] Q&A Session Summary Question: Key lessons learned from the Wyndham Row project - Management noted excellent reservoir performance and plans to continue co-developing wells based on positive results [54][56] Question: Clarification on 2025 guidance and production from acquired assets - Management confirmed that production guidance remains consistent despite the partial month of January production from acquired assets [59][60] Question: Restarting rigs in the Marcellus and conditions for increasing capital - Management indicated that returns from the Marcellus program are now competitive, and they are prepared to increase activity based on market conditions [64][66] Question: Future acquisition strategy post-Franklin Mountain - Management emphasized a focus on opportunistic acquisitions that align with the company's asset mix and value creation goals [70][72] Question: Capital efficiencies in the Marcellus and future run rates - Management expects to return to a run rate of 2 BCF per day in the Marcellus by mid to late 2026, contingent on market conditions [76][79] Question: Opportunities in power generation and midstream interests - Management is engaged in discussions regarding power generation opportunities, particularly in the Permian basin [82][123] Question: Growth capital allocation in a constructive gas market - Management stated that capital allocation will be based on return on investment, with flexibility to adjust based on market conditions [134][135]

Group 1: Coterra Energy Financial Performance - For the quarter ended December 2024, Coterra Energy reported revenue of $1.4 billion, down 12.6% year-over-year [1] - EPS for the quarter was $0.49, compared to $0.52 in the same quarter last year [1] - The reported revenue was a surprise of -0.40% compared to the Zacks Consensus Estimate of $1.4 billion, while the EPS surprise was +16.67% against a consensus estimate of $0.42 [1] Group 2: Key Metrics and Comparisons - Total daily equivalent production was 681.5 MBOE/d, exceeding the 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, surpassing the average estimate of 2,623.03 MMcf/d [4] - Oil production was 113 MBbl/d, compared to the average estimate of 110.38 MBbl/d [4] Group 3: Average Sales Prices and Operating Revenues - Average sales price for NGL (excluding hedges) was $20.94/Bbl, higher than the average estimate of $20.18/Bbl [4] - Average sales price for natural gas was $2.02 per thousand cubic feet, compared to the average estimate of $1.97 [4] - Operating revenues for oil were $713 million, slightly below the average estimate of $715.22 million, representing a year-over-year change of -3.9% [4] - Operating revenues for natural gas were $516 million, exceeding the estimated $482.11 million, but showing a -6.7% change year-over-year [4] - Operating revenues for NGL were $203 million, below the average estimate of $215.37 million, but reflecting a +20.8% change year-over-year [4] - Operating revenues for other categories were $14 million, compared to the average estimate of $20.50 million, indicating a year-over-year change of -56.3% [4]