NYSE$CTRA
Coterra EnerCoterra Energy Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Coterra reported Q1 2026 operating revenues of $1.95B and net income of $466M, with diluted EPS of $0.61.
Operating revenues were $1.95 billion with oil revenue of $1.04 billion and natural gas of $1.11 billion, partially offset by a $434 million net loss on derivatives. Net income was $466 million, or $0.61 per diluted share, versus $516 million and $0.68. Operating income was $646 million.
- Operating revenues $1.95B.
- Net income $466M; diluted EPS $0.61.
- Oil $1.04B; natural gas $1.11B revenue.
- Derivative losses $(434)M in revenue line.
Headline financials
Revenue & EPS history
Coterra · Revenue · Quarterly
$1.95B
Revenue by segment
Coterra · $1.36B total across 4 segments · Q3 2023
- Oil$684M-9.4%50.4%
- Natural Gas$481M-70.7%35.5%
- NGL$170M-34.4%12.5%
- Other & Derivatives$21M+115.2%1.5%
Forward guidance
E&P outlook discusses production volumes and hedging; capital return via dividends/buybacks referenced in MD&A.
Tailwinds
- Strong cash generation from oil and gas mix.
- Operating income $646M.
- Production growth in Permian/Marcellus.
Headwinds
- Derivative mark-to-market volatility.
- Net income down YoY on prices.
- Capital intensity and well costs.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
-0.1%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+2.8%
Avg return
30 days after
48%
35 / 73 earnings
Positive
+8.9%
Q3 2012
Best reaction
-12.2%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.8% | — | — | |
| Q4 2025 | +2.4% | +2.0% | +21.4% | |
| Q3 2025 | +6.0% | +8.9% | +12.1% | |
| Q2 2025 | +1.5% | +0.4% | +1.9% | |
| Q1 2025 | -9.2% | -7.4% | -1.7% | |
| Q4 2024 | -2.3% | -3.5% | +1.9% | |
| Q3 2024 | -6.0% | -3.4% | +10.7% | |
| Q2 2024 | -7.1% | -8.9% | -5.7% | |
| Q1 2024 | +4.8% | +4.3% | +6.0% | |
| Q4 2023 | -0.7% | -0.7% | +4.3% | |
| Q3 2023 | -2.0% | -3.8% | -11.6% | |
| Q2 2023 | +0.1% | +1.7% | +1.8% | |
| Q1 2023 | +4.1% | +3.1% | -0.8% | |
| Q4 2022 | +7.3% | +10.3% | +3.0% | |
| Q3 2022 | -0.2% | -5.1% | -11.1% | |
| Q2 2022 | -0.6% | -5.5% | +2.2% | |
| Q1 2022 | +0.5% | +13.1% | +22.2% | |
| Q4 2021 | +2.9% | +3.4% | +28.1% | |
| Q3 2021 | +3.0% | +1.0% | -5.7% | |
| Q2 2021 | +1.4% | -0.3% | -1.7% | |
| Q1 2021 | +1.6% | -1.3% | -11.3% | |
| Q4 2018 | -0.3% | -1.2% | +1.4% | |
| Q4 2019 | -0.3% | -1.2% | +1.4% | |
| Q4 2020 | -0.3% | -1.2% | +1.4% | |
| Q4 2017 | -0.3% | +4.4% | +6.2% | |
| Q3 2020 | -5.3% | -12.9% | -3.4% | |
| Q2 2020 | +5.4% | +8.2% | +4.5% | |
| Q1 2020 | -5.0% | -0.9% | +23.5% | |
| Q3 2019 | -1.9% | +0.2% | -11.2% | |
| Q2 2019 | -12.2% | -12.1% | -22.7% | |
| Q1 2019 | -0.9% | +0.3% | -0.8% | |
| Q3 2018 | +7.3% | +13.2% | +19.6% | |
| Q2 2018 | -8.1% | -5.8% | -2.3% | |
| Q1 2018 | -3.5% | -0.2% | -0.3% | |
| Q3 2017 | +3.6% | +5.5% | +9.0% | |
| Q2 2017 | -1.2% | -2.4% | -1.3% | |
| Q1 2017 | +3.3% | +5.2% | +0.0% | |
| Q4 2016 | -2.4% | -0.4% | +7.5% | |
| Q3 2016 | -3.6% | -6.4% | +5.6% | |
| Q2 2016 | -0.5% | +2.4% | +5.8% | |
| Q1 2016 | -0.9% | — | — | |
| Q4 2015 | -3.3% | — | — | |
| Q3 2015 | -5.7% | — | — | |
| Q2 2015 | -4.2% | — | — | |
| Q1 2015 | +2.7% | — | — | |
| Q4 2014 | +0.9% | — | — | |
| Q3 2014 | -2.8% | — | — | |
| Q2 2014 | -0.6% | — | — | |
| Q1 2014 | +1.3% | — | — | |
| Q4 2013 | -1.8% | — | — | |
| Q3 2013 | +5.9% | — | — | |
| Q2 2013 | -0.0% | — | — | |
| Q1 2013 | -1.2% | — | — | |
| Q4 2012 | +1.3% | — | — | |
| Q3 2012 | +8.9% | — | — | |
| Q2 2012 | +2.9% | — | — | |
| Q1 2012 | +2.8% | — | — | |
| Q4 2011 | -1.7% | — | — | |
| Q3 2011 | +0.2% | — | — | |
| Q2 2011 | -0.8% | — | — | |
| Q1 2011 | +1.2% | — | — | |
| Q4 2010 | -2.9% | — | — | |
| Q3 2010 | +6.6% | — | — | |
| Q2 2010 | +2.5% | — | — | |
| Q1 2009 | +4.2% | — | — | |
| Q1 2010 | +3.0% | — | — | |
| Q4 2007 | +0.8% | — | — | |
| Q4 2009 | +0.8% | — | — | |
| Q3 2008 | -3.4% | — | — | |
| Q3 2009 | -3.4% | — | — | |
| Q2 2008 | +2.5% | — | — | |
| Q2 2009 | +2.5% | — | — | |
| Q4 2008 | +2.5% | — | — |
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