Coterra Energy Full Year 2024 Earnings: EPS Misses Expectations

Coterra Energy (NYSE:CTRA) Full Year 2024 Results

Key Financial Results

• Revenue: US$5.46b (down 3.9% from FY 2023).
• Net income: US$1.12b (down 31% from FY 2023).
• Profit margin: 21% (down from 28% in FY 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: US$1.51 (down from US$2.14 in FY 2023).

CTRA Production and Reserves

Oil reserves

• Proven reserves: 269.995 MMbbls.

Gas reserves

• Proven reserves: 9834 Bcf.

LNG reserves

• Proven reserves: 361.777 MMbbls.

Combined production

• Oil equivalent production: 246.935 MMboe (243.497 MMboe in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Coterra Energy EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are down 1.8% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Coterra Energy you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.