Coterra Energy Second Quarter 2024 Earnings: Misses Expectations

Coterra Energy (NYSE:CTRA) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.27b (up 10% from 2Q 2023).
• Net income: US$220.0m (up 5.8% from 2Q 2023).
• Profit margin: 17% (in line with 2Q 2023).
• EPS: US$0.30 (up from US$0.28 in 2Q 2023).

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

Coterra Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.5% 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 6.5% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Coterra Energy that you should be aware of before investing here.

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