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CTRA

Coterra Energy Inc.

CTRA

Coterra Energy Inc. • NYSE
$26.84 ▲ 1.71% (+0.45)
Market Cap $20.44 B
52w High $29.95
52w Low $22.33
Dividend Yield 0.88%
P/E 12.43
Volume 2.43M
Outstanding Shares 761.38M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.817B ▲ $177M ▲ $322M ▼ 17.722% ▼ $0.42 ▼ $1.092B ▼
Q2-2025 $1.733B ▼ $84M ▼ $511M ▼ 29.486% ▲ $0.67 ▼ $1.29B ▲
Q1-2025 $2.016B ▲ $92M ▲ $516M ▲ 25.595% ▲ $0.68 ▲ $1.216B ▲
Q4-2024 $1.446B ▲ $84M ▲ $297M ▲ 20.539% ▲ $0.4 ▲ $823M
Q3-2024 $1.295B $75M $252M 19.459% $0.34 $823M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $98M ▼ $24.007B ▲ $9.289B ▼ $14.718B ▲
Q2-2025 $192M ▲ $23.982B ▲ $9.426B ▼ $14.556B ▲
Q1-2025 $186M ▼ $23.951B ▲ $9.727B ▲ $14.224B ▲
Q4-2024 $2.038B ▲ $21.625B ▲ $8.503B ▲ $13.122B ▲
Q3-2024 $843M $20.126B $7.092B $13.034B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $322M ▼ $971M ▲ $-663M ▼ $-421M ▼ $-113M ▼ $327M ▲
Q2-2025 $511M ▼ $936M ▼ $-642M ▲ $-299M ▼ $-5M ▲ $296M ▼
Q1-2025 $516M ▲ $1.144B ▲ $-3.728B ▼ $528M ▼ $-2.056B ▼ $635M ▲
Q4-2024 $297M ▲ $626M ▼ $-435M ▼ $1.238B ▲ $1.429B ▲ $190M ▼
Q3-2024 $252M $755M $-139M $-847M $-231M $359M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Oil and Condensate
Oil and Condensate
 $770.00M ▲$710.00M ▼$890.00M ▲$890.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Coterra’s income statement shows a classic commodity cycle story, but with a clear upward step in underlying strength. Revenue and profits surged during the peak pricing environment a few years ago and have since come down, yet they remain comfortably above pre‑2021 levels. The company is still solidly profitable, with healthy operating and net margins even in a more normalized pricing backdrop. Earnings per share have followed the same arc: very strong in the boom year, then moderating, but not collapsing. Overall, the business looks structurally more profitable than it was earlier in the decade, while still very sensitive to oil and gas prices.

Balance Sheet

Balance Sheet The balance sheet looks robust and better capitalized than in the past. Total assets have grown significantly, partly reflecting the combination of legacy businesses, while shareholders’ equity has steadily increased, suggesting retained value rather than erosion. Cash on hand is markedly higher than in the early 2020s, giving the company more flexibility. Debt has risen compared with the pre‑merger period but remains moderate relative to the asset base and equity, implying a manageable leverage profile. In simple terms, Coterra appears to have a solid financial foundation to handle industry volatility.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow climbed sharply through the cycle, peaked with high commodity prices, and has eased back but remains strong compared with earlier years. Importantly, the company has consistently produced positive free cash flow after funding its drilling and development program, with ample coverage of capital spending. Capital expenditures have been meaningful but not excessive, aligning with a disciplined investment approach. Overall, Coterra seems able to fund its operations and reinvestment internally, while still leaving room for shareholder returns and balance sheet flexibility, as long as commodity prices don’t deteriorate severely.

Competitive Edge

Competitive Edge Coterra’s competitive position is built around diversification, scale, and efficiency rather than any single blockbuster asset. It holds meaningful positions in three of the most important U.S. basins—Permian, Marcellus, and Anadarko—giving it a blend of oil and gas exposure. This mix allows the company to shift capital between regions depending on whether oil or gas prices are more attractive, which many more concentrated peers cannot do as easily. Its strong focus on cost control, high‑quality rock, and technical execution helps keep it competitive even when prices soften. Key risks remain: exposure to commodity price swings, regulatory pressure, and long‑term energy transition dynamics, but within its peer group, Coterra looks like a relatively efficient, diversified operator.

Innovation and R&D

Innovation and R&D Innovation at Coterra is very operational and data‑driven. The company uses advanced geological imaging, sophisticated data analytics, and AI‑assisted fracturing services to optimize well placement, reduce drilling and completion costs, and squeeze more production from each location. Techniques like “row development” in the Permian and longer laterals in the Marcellus are examples of process innovation that support better economics rather than speculative R&D. On top of that, extensive remote monitoring and automation improve safety and reliability. Coterra is also investing in lower‑carbon initiatives, including emissions reductions, electrified infrastructure, high water recycling rates, and some targeted spending on hydrogen and low‑emission gas technologies. These efforts are incremental rather than transformative today, but they help strengthen the company’s operating moat and align it with tightening environmental expectations.

Summary

Coterra Energy presents as a financially solid, operationally disciplined energy producer that has materially upgraded its scale and resilience over the past few years. The income statement reflects cyclical swings in oil and gas prices, but profitability has remained strong relative to earlier in the decade. The balance sheet is sturdy, with healthy equity, reasonable debt, and a more comfortable cash position than in the past. Cash flow generation is a standout, with consistent free cash flow after investment needs. Competitively, Coterra benefits from diversified assets across top U.S. basins, cost‑focused operations, and the flexibility to lean into either oil or gas. Its emphasis on technology, automation, and emissions reduction supports both efficiency and reputation. The main ongoing uncertainties are those common to the sector: commodity price volatility, regulatory and environmental pressures, and the broader energy transition. Within that context, Coterra appears well positioned, but still very much tied to the ups and downs of global oil and gas markets.

NEWS

November 4, 2025 · 8:00 AM UTC

Kimmeridge Releases Letter to the Board of Coterra Energy Outlining Urgent Steps to Restore Governance and Unlock Shareholder Value

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November 3, 2025 · 4:05 PM UTC

Coterra Energy Reports Third-Quarter 2025 Results, Announces Quarterly Dividend, and Provides Fourth-Quarter and Full Year 2025 Guidance Update

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October 7, 2025 · 4:05 PM UTC

Coterra Energy Schedules Third-Quarter 2025 Results Conference Call for Tuesday, November 4, 2025

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