NYSE$CTRA

Coterra EnerCoterra Energy Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Coterra Energy reported Q4 2025 operating revenues of $1.96B and net income of $368M.

Q4 2025 operating revenues were $1.959 billion with net income of $368 million. Oil revenue was $941 million, natural gas $615 million, and NGL $206 million; income from operations was $571 million. Full-year net income was $1.717 billion on operating revenues of $7.645 billion with $970 million of operating cash flow in Q4.

  • Operating revenues $1.96B in Q4.
  • Net income $368M; income from operations $571M.
  • Oil $941M; gas $615M; NGL $206M.
  • Q4 operating cash flow $970M.

Headline financials

Total Revenue

$1.96B

Previous: $1.4B+40.4%
EPS (adj)

$0.39

Previous: $0.49-20.4%
Average Daily BOE

813.1K

Previous: 681.5K+19.3%
Average Daily Oil Production

175.8K

Previous: 113.0K+55.6%
Average Daily Natural Gas (Mcf)

3.0M

Previous: 2.8M+6.6%
Average Daily NGL Production

143.4K

Previous: 105.4K+36.1%
Unit Operating Cost

$9.29

Previous: $8.89+4.5%
Direct Operations Unit Cost

$3.96

Previous: $2.83+39.9%
Gathering & Transport Cost

$3.55

Previous: $3.82-7.1%
Taxes Other Than Income

$1.21

Previous: $1.22-0.8%
G&A Unit Cost

$0.57

Previous: $1.02-44.1%
DD&A Unit Cost

$8.90

Previous: $7.75+14.8%
Exploration Unit Cost

$0.08

Previous: $0.09-11.1%
Stock-Based Comp Unit Cost

$0.28

Previous: $0.29-3.4%
Interest Expense Unit Cost

$0.62

Previous: $0.29+113.8%
Oil Price Ex-Hedges

$58.16

Previous: $68.57-15.2%
Gas Price Ex-Hedges

$2.26

Previous: $2.02+11.9%
NGL Price

$15.63

Previous: $20.94-25.4%
Oil Price Inc-Hedges

$60.34

Previous: $68.70-12.2%
Gas Price Inc-Hedges

$2.33

Previous: $2.04+14.2%
Net Wells Turned In Line

53.3

Previous: 34.7+53.6%
Capital Expenditures

$539M

No prior period
Net Income

$368M

Previous: $297M+23.9%
Operating Income

$571M

Previous: $326M+75.2%

Revenue & EPS history

Coterra · Revenue · Quarterly

$1.96B

Q4 2025+40.4%vs Q4 2024
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Coterra · $1.36B total across 4 segments · Q3 2023

  • Oil
    $684M-9.4%
  • Natural Gas
    $481M-70.7%
  • NGL
    $170M-34.4%
  • Other & Derivatives
    $21M+115.2%

Forward guidance

Capital return and production outlook tied to commodity prices and Permian/Marcellus activity.

Tailwinds

  • Strong cash flow and operational leverage to gas/oil prices.
  • Disciplined capital allocation.

Headwinds

  • Commodity price volatility.
  • Regulatory and gathering cost inflation.

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 2025

Historical avgQ4 2025

-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

Earnings price reactions
QuarterReport dateReaction (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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