Coterra Solidifies Permian Position With $3.95B New Mexico Deal
CTRA's latest acquisition expands its Permian Basin footprint, enhancing growth and efficiency for a strong 2025 outlook.
Coterra Energy to buy oil and gas assets for $3.95 billion
U.S. oil and gas producer Coterra Energy said on Wednesday it would acquire certain assets of Avant Natural Resources and its affiliates and Franklin Mountain Energy in New Mexico for an aggregate consideration of $3.95 billion in cash and stock deals.
Coterra Energy: Strong Production Results In Q3 2024
Coterra exceeded the high-end of its production guidance for Q3 2024. It also reported capex below the low-end of its budget for the quarter. Coterra's capital efficiency has improved, and it expects future Permian well costs that are down around 20% per lateral foot from 2023 guidance.
Coterra Energy's Q3 Earnings Down Y/Y, Sales Lag Estimates
CTRA anticipates a capital expenditure budget for 2024 ranging from $1.75-$1.85 billion (non-GAAP), with an oil production estimate of 107-108 MBopd in the fourth quarter.
Coterra Energy, Inc. (CTRA) Q3 2024 Earnings Call Transcript
Call Start: 09:00 January 1, 0000 9:59 AM ET Coterra Energy, Inc. (NYSE:CTRA ) Q3 2024 Earnings Conference Call November 01, 2024, 09:00 AM ET Company Participants Tom Jorden - Chairman, Chief Executive Officer, President Shane Young - Executive Vice President, Chief Financial Officer Blake Sirgo - Senior Vice President of Operations Dan Guffey - Vice President of Finance, Investor Relations, Treasury Conference Call Participants Doug Leggate - Wolfe Research Arun Jayaram - JPMorgan Nitin Kumar - Mizuho Neal Dingmann - Truist Securities Kalei Akamine - Bank of America Scott Gruber - Citi Matt Portillo - TPH Leo Mariani - ROTH Capital Partners Charles Meade - Johnson Rice Paul Cheng - Scotiabank Operator Good morning. My name is Audra, and I will be your conference operator today.
Coterra Energy (CTRA) Misses Q3 Earnings Estimates
Coterra Energy (CTRA) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.50 per share a year ago.
Coterra Energy Q3 Earnings on Deck: Here's How It Will Fare
Weakness in natural gas production and prices is likely to have impacted the third-quarter earnings of CTRA.
Coterra Energy's Careful Growth
Coterra Energy Inc., an $18.0 billion gas and oil producer, offers a stable dividend, share buybacks, and an upside variable dividend when free cash flow warrants. Although the majority of its production is natural gas, Coterra is increasing its oil and NGL percentages. The company produces from the Marcellus, Anadarko, and Permian basins. Its beta is attractively small (non-volatile) at 0.20.
Why Did Natural Gas Prices Finish Down Nearly 8% Last Week?
Investors would be wise to focus on resilient stocks such as CTRA and EQT. Meanwhile, it may be prudent to avoid more speculative options like CRK.
Natural Gas Prices Fall for the First Time in Six Weeks
Investors would be wise to focus on resilient stocks such as CTRA and LNG. Meanwhile.
2 Natural Gas Stocks Worth a Closer Look Amid Price Volatility
Investors would be wise to focus on resilient stocks such as RRC and CTRA. Meanwhile, it may be prudent to avoid more speculative options like CRK.
Natural Gas Stocks Face Rocky Road: 2 Companies to Consider
Investors should keep their eyes on resilient stocks like RRC and CTRA, while they should steer clear of risky prospects like CRK.
