NYSE$CTRA
Coterra EnerCoterra Energy Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Coterra Energy exceeded production guidance for Q4 2024, reporting strong financial performance and continued operational efficiency.
Coterra Energy delivered solid financial results in Q4 2024, with total revenue reaching $1.4 billion. The company reported net income of $297 million and an adjusted EPS of $0.49. Production exceeded the high-end of guidance, with total equivalent daily production at 682 MBoepd, driven by strong well performance and operational efficiencies. The company also announced a 5% increase in its dividend and completed Permian Basin acquisitions worth $3.2 billion, strengthening its asset portfolio for future growth.
- Total revenue reached $1.4 billion, with net income of $297 million.
- Average daily production exceeded guidance, reaching 682 MBoepd.
- Adjusted EPS came in at $0.49, reflecting strong operational execution.
- Completed $3.2 billion in Permian Basin acquisitions to enhance future production.
Headline financials
Revenue & EPS history
Coterra · Revenue · Quarterly
$1.4B
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
Coterra Energy expects total production to increase by approximately 9% in 2025, driven by a 47% increase in oil production. The company plans capital expenditures between $2.1 billion and $2.4 billion while maintaining a strong reinvestment rate below 50%.
Tailwinds
- Projected 9% increase in total equivalent production in 2025.
- Expected oil production growth of 47% year-over-year.
- Strong free cash flow to support dividends and share repurchases.
- Planned capital expenditures of $2.1B - $2.4B focused on Permian Basin.
- Marcellus production restart expected to contribute incremental natural gas volumes.
Headwinds
- Potential price volatility in natural gas markets impacting revenue.
- Higher capital expenditures due to acquisition integration.
- Increased operating costs in Marcellus Basin development.
- Regulatory uncertainties affecting long-term project approvals.
- Macroeconomic risks that could impact commodity demand.
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 Q4 2024
-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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