From CNBC: 2025-02-25 13:19:54

Coterra Energy shares fell 3% despite exceeding fourth-quarter earnings expectations. Revenue in the three months ended Dec. 31 was $1.395 billion, slightly below the $1.4 billion forecast. Adjusted diluted earnings per share were 49 cents, beating expectations of 43 cents. The company practices capital discipline and has a diversified asset portfolio.

Coterra Energy ended the year with strong production and lower capital expenditures. The company plans to lower Permian spending by $70 million while increasing investments in the Marcellus Shale by $50 million. Flexibility between basins allows Coterra to adjust spending based on market conditions, providing a hedge against inflation and geopolitical risks.

Following acquisitions in the Permian Basin, Coterra provided its 2025 outlook. The company expects total equivalent production of 710 to 770 Mboe/d, with oil production in the range of 152 to 168 Mbo/d. Natural gas production is projected to be between 2,675 to 2,875 MMcf/d. Estimated discretionary cash flow is $5 billion.

Despite a 3% drop in shares, Coterra plans to hike its dividend by 5% to 22 cents per share. The annual dividend yield will be around 3.2%, based on a $27.25 stock price. The company paid out $218 million to shareholders in the last quarter and has $1.1 billion remaining on a $2 billion share repurchase program.



Read more at CNBC:: We’re raising our Coterra Energy price target after a solid quarter, slight outlook tweak