Coterra Energy beats earnings, misses revenue, raises dividends, focuses on debt reduction

From Zacks Investment Research: 2025-05-07 06:40:00

Coterra Energy Inc. (CTRA) reported Q1 2025 adjusted earnings of 78 cents per share, beating estimates and showing improvement from the year-ago quarter. Operating revenues were $1.9 billion, missing estimates but higher than the previous year. The company declared a quarterly dividend of 22 cents per share and actively engaged in share repurchases. CTRA plans to reduce Permian activity and focus on debt reduction, aiming to retire outstanding term loans. Production and price realizations increased, with daily production exceeding estimates. Costs rose to $18.55 per barrel of oil equivalent. Cash flow from operations increased to $1.1 billion.

In comparison, TC Energy Corp. (TRP) reported Q1 2025 adjusted earnings of 66 cents per share, missing estimates and showing a decrease from the previous year. Revenues were $2.5 billion, also missing estimates and lower year over year. The company’s capital investments were C$1.8 billion as of March 31, 2025. TechnipFMC plc (FTI) reported Q1 2025 adjusted earnings of 33 cents per share, missing estimates but showing improvement from the previous year. Revenues were $2.2 billion, slightly missing estimates but higher year over year. Baker Hughes (BKR) reported Q1 2025 adjusted earnings of 51 cents per share, beating estimates and improving from the previous year. Cash and cash equivalents were $3,277 million as of March 31, 2025.



Read more at Zacks Investment Research: Coterra Energy Q1 Earnings Surpass Estimates, Revenues Miss – May 7, 2025