Coterra Energy Inc. ( (CTRA) ) has released its Q4 earnings. Here is a breakdown of the information Coterra Energy Inc. presented to its investors.
Coterra Energy Inc., a Houston-based exploration and production company, operates primarily in the Permian Basin, Marcellus Shale, and Anadarko Basin, focusing on sustainable and efficient energy production. The company recently reported its fourth-quarter and full-year 2024 financial results, highlighted by a significant increase in oil production and a strategic acquisition in the Delaware Basin. Coterra exceeded its production guidance for 2024, with total barrels of oil equivalent, oil, and natural gas production surpassing expectations while maintaining capital expenditures near the low end of guidance. The company also announced a 5% dividend increase and completed a $3.2 billion acquisition in the Permian Basin. Looking ahead, Coterra expects a 9% increase in total production for 2025, with oil volumes projected to rise by 47%. The company plans to invest between $2.1 and $2.4 billion in capital expenditures, focusing on its recent acquisitions and maintaining a reinvestment rate below 50%. Coterra’s management remains optimistic about future growth, emphasizing operational excellence and shareholder value through disciplined capital allocation and strategic investments.