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Dec 31, 2024
Coterra Q4 2024 Earnings Report
Coterra Energy exceeded production guidance for Q4 2024, reporting strong financial performance and continued operational efficiency.
Key Takeaways
Coterra Energy delivered solid financial results in Q4 2024, with total revenue reaching $1.4 billion. The company reported net income of $297 million and an adjusted EPS of $0.49. Production exceeded the high-end of guidance, with total equivalent daily production at 682 MBoepd, driven by strong well performance and operational efficiencies. The company also announced a 5% increase in its dividend and completed Permian Basin acquisitions worth $3.2 billion, strengthening its asset portfolio for future growth.
Total revenue reached $1.4 billion, with net income of $297 million.
Average daily production exceeded guidance, reaching 682 MBoepd.
Adjusted EPS came in at $0.49, reflecting strong operational execution.
Completed $3.2 billion in Permian Basin acquisitions to enhance future production.
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 expects total production to increase by approximately 9% in 2025, driven by a 47% increase in oil production. The company plans capital expenditures between $2.1 billion and $2.4 billion while maintaining a strong reinvestment rate below 50%.
Positive Outlook
- Projected 9% increase in total equivalent production in 2025.
- Expected oil production growth of 47% year-over-year.
- Strong free cash flow to support dividends and share repurchases.
- Planned capital expenditures of $2.1B - $2.4B focused on Permian Basin.
- Marcellus production restart expected to contribute incremental natural gas volumes.
Challenges Ahead
- Potential price volatility in natural gas markets impacting revenue.
- Higher capital expenditures due to acquisition integration.
- Increased operating costs in Marcellus Basin development.
- Regulatory uncertainties affecting long-term project approvals.
- Macroeconomic risks that could impact commodity demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income