Coterra Energy (CTRA) Q1 2025 Earnings Call May 06, 2025 10:00 AM ET Speaker0 Thank you for standing by. My name is Kaila, and I will be your conference operator today. At this time, I'd like to welcome everyone to the Cotera Energy First Quarter twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. I would now like to turn the call over to Dan Guffey, VP of Finance, Investor Relations a ...

Coterra Energy (CTRA) Q1 2025 Earnings Call May 06, 2025 10:00 AM ET Company Participants Daniel Guffey - Vice President of Finance, Planning & Analysis and Investor RelationsThomas Jorden - CEO, President & ChairmanShane Young - EVP & CFOBlake Sirgo - Senior Vice President of OperationsBetty Jiang - Managing DirectorMichael Deshazer - Senior Vice President of Business UnitsJosh Silverstein - Managing DirectorMatthew Portillo - Partner & Head of ResearchDerrick Whitfield - Managing DirectorKevin MacCurdy - ...

For the quarter ended March 2025, Coterra Energy (CTRA) reported revenue of $1.9 billion, up 32.9% over the same period last year. EPS came in at $0.80, compared to $0.51 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.94 billion, representing a surprise of -1.89%. The company delivered an EPS surprise of +2.56%, with the consensus EPS estimate being $0.78.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Coterra Energy (CTRA) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.56%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.42 per share when it actually produced earnings of $0.49, delivering a surprise of 16.67%.Over the last four ...

1Q25 Earnings Presentation May 2025 Disclaimer Cautionary Statement Regarding Forward-Looking Information Investor Contacts This presentation contains certain forward-looking statements within the meaning of federal securities laws. Forward-looking statements are not statements of historical fact and reflect Coterra's current views about future events. Such forward-looking statements include, but are not limited to, statements about returns to shareholders, growth rates, enhanced shareholder value, reserves ...

产量相关 - 2025年第一季度总油气当量产量、天然气产量和石油产量均高于指引中点，资本支出低于指引中点[4] - 2025年第二季度总油气当量产量指引为710 - 760千桶/日，石油产量为147 - 157千桶/日[11] - 2025年第一季度公司天然气日产量为3043.8 Mmcf，较2024年的2960.1 Mmcf增长约2.83%；石油日产量为141.2 MBbl，较2024年的102.5 MBbl增长约37.76%；NGL日产量为98.3 MBbl，较2024年的90.2 MBbl增长约9%；日当量产量为746.8 MBoepd，较2024年的686.1 MBoepd增长约8.85%[20] - 2025年全年总等效产量指导范围从7.1 - 7.7亿桶油当量更新为7.2 - 7.7亿桶油当量[63] - 2025年全年天然气产量指导范围从26.75 - 28.75亿立方英尺/天更新为27.25 - 28.75亿立方英尺/天[63] - 2025年全年石油产量指导范围从15.2 - 16.8万桶/天更新为15.5 - 16.5万桶/天[63] - 2025年第一季度实际总等效产量为7.47亿桶油当量，第二季度指导范围为7.1 - 7.6亿桶油当量[64] 资本预算与支出相关 - 2025年资本预算范围降至20 - 23亿美元，再投资率预计约为50%[4] - 2025年下半年二叠纪钻机数量从原计划的10台减至7台，减少资本约1.5亿美元[3][4] - 4月在马塞勒斯新增2台钻机，预计将持续运行至下半年，可能增加资本1亿美元[4][5] - 2025年全年公司资本支出指导范围从21 - 24亿美元更新为20 - 23亿美元[63] 现金流与股东回报相关 - 预计2025年自由现金流总计21亿美元，用于支付股息、减少债务和回购股票[7] - 2025年第一季度直接股东回报约占自由现金流的30%，总回报占67%[7] - 2025年第一季度自由现金流6.63亿美元，2024年同期为3.40亿美元[44] - 2025年可自由支配现金流指导从50亿美元下调至43亿美元[63] 利润相关 - 2025年第一季度净利润为5.16亿美元，调整后净利润为6.08亿美元[7] - 2025年第一季度运营收入19.04亿美元，2024年同期为14.33亿美元[27] - 2025年第一季度净收入5.16亿美元，2024年同期为3.52亿美元[27] - 2025年第一季度调整后净收入6.08亿美元，2024年同期为3.83亿美元[39] 债务相关 - 截至2025年3月31日，公司总债务为42.5亿美元，净债务与调整后EBITDAX比率为0.9倍[10] - 截至2025年3月31日和2024年12月31日，总债务与总资本比率分别为23.1%和21.2%，净债务与调整后资本比率分别为22.3%和10.2%[54] - 截至2025年3月31日和2024年12月31日，总债务与净收入比率分别为3.3倍和3.2倍，净债务与调整后EBITDAX比率分别为1.1倍和0.4倍[57] - 截至2025年3月31日和2024年12月31日，净债务与调整后预计EBITDAX比率分别为0.9倍和0.4倍[60] 股息相关 - 2025年5月5日，董事会批准每股0.22美元的季度股息，年化收益率为3.4%[11] 销售价格相关 - 2025年第一季度公司天然气平均销售价格（不含套期保值）为3.28美元/Mcf，较2024年的2.00美元/Mcf增长约64%；石油为69.73美元/Bbl，较2024年的75.16美元/Bbl下降约7.22%；NGL为23.23美元/Bbl，较2024年的21.09美元/Bbl增长约9.67%[20] - 2025年第一季度公司天然气平均销售价格（含套期保值）为3.21美元/Mcf，较2024年的2.10美元/Mcf增长约52.86%；石油为69.30美元/Bbl，较2024年的75.00美元/Bbl下降约7.6%；NGL为23.23美元/Bbl，较2024年的21.09美元/Bbl增长约9.67%[21] 钻井与投产相关 - 2025年第一季度公司共钻总井75口，较2024年的70口增长约7.14%；净井50.7口，较2024年的42.9口增长约18.18%[21] - 2025年第一季度公司投产总井70口，较2024年的58口增长约20.69%；净井37.3口，较2024年的33.0口增长约13.03%[21] 运营钻机数量相关 - 2025年第一季度公司平均运营钻机数量：Marcellus Shale为0台，较2024年的2台下降100%；Permian Basin为11.7台，较2024年的8台增长约46.25%；Anadarko Basin为1.8台，较2024年的2台下降约10%[21] 单位成本相关 - 2025年第一季度公司平均单位成本为18.55美元/Boe，较2024年的15.94美元/Boe增长约16.49%[22] 期权交易相关 - 截至2025年3月31日，公司2025年二季度WTI石油领口期权交易量为5096 MBbl，加权平均底价为61.79美元/Bbl，加权平均顶价为79.36美元/Bbl[25] - 截至2025年3月31日，公司2025年二季度NYMEX天然气领口期权交易量为72800000 MMBtu，加权平均底价为3.01美元/MMBtu，加权平均顶价为4.82美元/MMBtu[26] - 2025年4月，公司签订2025年二季度NYMEX天然气领口期权交易量为9150000 MMBtu，加权平均底价为3.50美元/MMBtu，加权平均顶价为5.21美元/MMBtu[26] 现金流量相关 - 2025年第一季度经营活动产生的净现金为11.44亿美元，2024年同期为8.56亿美元[31] - 2025年第一季度投资活动使用的净现金为37.28亿美元，2024年同期为7.08亿美元[31] - 2025年第一季度融资活动提供的净现金为5.28亿美元，2024年同期为1.85亿美元[31] EBITDAX相关 - 2025年第一季度调整后EBITDAX为13.37亿美元，2024年同期为9.17亿美元[48] - 截至2025年3月31日的过去十二个月调整后EBITDAX为38.34亿美元，2024年同期为34.14亿美元[48] - 截至2025年3月31日和2024年12月31日的过去十二个月，调整后预计EBITDAX分别为46.63亿美元和42.61亿美元[51] 资产相关 - 截至2025年3月31日资产总计239.51亿美元，2024年12月31日为216.25亿美元[29]

Coterra Energy Inc. (CTRA) is set to release first-quarter 2025 results on May 5. The Zacks Consensus Estimate for the to-be-reported quarter is a profit of 76 cents per share on revenues of $1.9 billion.Let’s delve into the factors that might have influenced the oil and gas exploration and production firm’s performance in the March quarter. But it’s worth taking a look at CTRA’s previous-quarter performance first.Highlights of CTRA's Q4 Earnings & Surprise HistoryIn the last reported quarter, the Houston, ...

Wall Street analysts expect Coterra Energy (CTRA) to post quarterly earnings of $0.76 per share in its upcoming report, which indicates a year-over-year increase of 49%. Revenues are expected to be $1.92 billion, up 34.1% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 8.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's ea ...

The market expects Coterra Energy (CTRA) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be releas ...

The latest trading session saw Coterra Energy (CTRA) ending at $25.08, denoting a +1.09% adjustment from its last day's close. The stock lagged the S&P 500's daily gain of 2.51%. Meanwhile, the Dow experienced a rise of 2.66%, and the technology-dominated Nasdaq saw an increase of 2.71%.Shares of the independent oil and gas company witnessed a loss of 15.5% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 12.78% and the S&P 500's loss of 8.86%.Market participants ...