Loading...
•
Sep 30
Coterra Q3 2025 Earnings Report
Coterra Energy reported strong third-quarter 2025 financial and operational results, with production volumes nearing the high end of guidance and a declared quarterly dividend.
Key Takeaways
Coterra Energy delivered robust third-quarter 2025 results, with total equivalent, natural gas, and oil production volumes all exceeding the mid-point of guidance. The company reported a net income of $322 million and adjusted net income of $312 million, while incurring capital expenditures of $658 million. Coterra also declared a quarterly dividend of $0.22 per share and continued its focus on debt reduction.
Total BOE, natural gas, and oil production volumes for Q3 2025 were near the high end of guidance ranges, beating mid-points by approximately 2.5%.
Net Income (GAAP) for Q3 2025 was $322 million, with Adjusted Net Income (non-GAAP) at $312 million.
Incurred capital expenditures (non-GAAP) totaled $658 million, within the guidance range of $625 million to $675 million.
Coterra declared a quarterly dividend of $0.22 per share and repaid $250 million of term loans, demonstrating a commitment to shareholder returns and debt reduction.
Coterra
Coterra
Coterra Revenue by Segment
Revenue by Segment
Oil Revenue
CapyFin.comNatural Gas Revenue
CapyFin.comNGL Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Coterra Energy is increasing its full-year 2025 total equivalent and natural gas production guidance, tightening oil production guidance, and maintaining capital expenditure expectations around $2.3 billion. For Q4 2025, the company anticipates total equivalent production of 770 to 810 MBoepd, oil production of 172 to 178 MBopd, natural gas production of 2,775 to 2,925 MMcfpd, and capital expenditures of approximately $530 million. Looking ahead to 2026, capital expenditures are expected to be modestly down from 2025, with 0-5% annual BOE growth and approximately 5% annual oil growth.
Positive Outlook
- Increased full-year 2025 total equivalent production guidance to 772-782 MBoepd.
- Increased full-year 2025 natural gas production guidance to 2,925-2,965 MMcfpd.
- Maintained 2025 capital expenditures (non-GAAP) around $2.3 billion, indicating efficient capital allocation.
- Anticipates 2026 capital expenditures to be modestly down from 2025, while maintaining production growth.
- Expects 0-5% annual BOE growth and approximately 5% annual oil growth in 2026.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text.
- The guidance for Q4 2025 capital expenditures is approximately $530 million, which is lower than Q3, potentially indicating a slowdown in activity.
- The reinvestment rate for 2025 is expected to be approximately 55%, which is still a significant portion of discretionary cash flow.
- While debt reduction is a priority, the company still has $400 million of term loan debt outstanding.
- The company's guidance is based on current expectations and strip prices, which are subject to commodity price volatility.