Coterra Energy Inc Stock Price, News & Analysis

Coterra Energy (CTRA) reported strong Q3 2024 results, exceeding production guidance across all metrics while keeping capital expenditures below guidance. The company reported net income of $252 million ($0.34 per share) and declared a quarterly dividend of $0.21 per share. Production highlights include 669 MBoepd total output, 112.3 MBopd oil production, and 2,682 MMcfpd natural gas production. Coterra signed three new LNG agreements totaling 200 MMcfpd, starting in 2027-2028. The company lowered its 2024 capital expenditure guidance by $50 million to $1.75-1.85 billion while increasing production guidance across all categories.

Coterra Energy Inc. (NYSE: CTRA) has announced a conference call scheduled for Friday, November 1, 2024, at 8:00 AM CT (9:00 AM ET) to discuss its third-quarter 2024 financial and operating results. The company plans to release these results after the market closes on Thursday, October 31, 2024.

Interested parties can access the call using the following details:

• USA / International Toll: +1 (646) 307-1963
• USA Toll-Free: (800) 715-9871
• Canada - Toronto: (647) 932-3411
• Canada Toll-Free: (800) 715-9871
• Conference ID: 7309925

A live webcast will be available on the 'Events & Presentations' page under the 'Investors' section of Coterra's website. A replay will be archived and accessible at the same location after the event concludes.

Coterra Energy Inc. (NYSE: CTRA) has announced that its Chairman, CEO, and President, Thomas E. Jorden, will participate in a fireside chat at the Barclays Energy-Power Conference. The event is scheduled for Wednesday, September 4, 2024, at 1:15 PM ET.

A live webcast of the presentation will be available on the company's website under the 'Events & Presentations' page in the 'Investors' section. The webcast will remain archived and accessible for 180 days after the live event concludes.

This participation in a major industry conference suggests Coterra's commitment to investor relations and transparency in communicating its strategies and outlook to the financial community.

Texas Pacific Land (NYSE: TPL) has announced the closing of two acquisitions in the Permian Basin for $169 million in cash. The acquisitions include:

1. Mineral interests across 4,106 net royalty acres in Culberson County, Texas, overlapping existing TPL royalty acreage and surface acreage.

2. Surface asset spanning 4,120 acres in Martin County, Texas, generating revenue from water supply, produced water disposal, and other surface-related activities.

The combined asset purchase price implies a >13% 2025 free cash flow yield at current strip prices. TPL expects these high-quality assets to immediately contribute to free cash flow and provide substantial incremental value to their legacy asset base.

Coterra Energy (NYSE: CTRA) reported strong second-quarter 2024 results, exceeding production guidance across all categories. The company increased its full-year 2024 BOE production guidance by 1% and oil production guidance by 2.4%, while maintaining capital expenditure guidance. Coterra returned 120% of Free Cash Flow to shareholders in Q2, including a $0.21 per share quarterly dividend and $140 million in share repurchases. The company's simul-frac efficiencies are exceeding expectations, leading to faster cycle times and improved capital efficiency. Coterra remains committed to returning at least 50% of annual Free Cash Flow to shareholders and has returned 103% year-to-date.

Coterra Energy has scheduled a conference call to discuss its second-quarter 2024 financial and operating results. The call will take place on Friday, August 2, 2024, at 8:00 AM CT (9:00 AM ET). The company will release its second-quarter results after the market closes on Thursday, August 1, 2024. Participants can join the call through various toll-free and international numbers, or via a live webcast available on Coterra's website. The call replay will be archived and accessible on the company's site post-event.

Coterra Energy (NYSE: CTRA) announced that its Chairman, CEO, and President, Thomas E. Jorden, will participate in a fireside chat at the J.P. Morgan Energy, Power and Renewables Conference. The chat is scheduled for 8:00 AM ET on Tuesday, June 18, 2024.

A live webcast of the presentation will be available on the company's website under the 'Events & Presentations' section. The webcast will be archived for 30 days post-event.

Coterra Energy Inc. (NYSE: CTRA) reported strong first-quarter 2024 financial and operating results, with total barrels of oil equivalent (BOE) production exceeding guidance and capital expenditures below expectations. The company increased its full-year 2024 oil guidance and remains committed to returning 50% of its annual Free Cash Flow to shareholders. Coterra issued senior unsecured notes to fund debt repayment and maintain a strong financial position. The company continues to focus on sustainability and ESG leadership.