Coterra Energy delivered strong third quarter results, exceeding production expectations and integrating recent acquisitions effectively. Financial performance was robust, with significant cash flow and debt reduction achievements. However, increased operating costs and challenges with gas prices were noted. The public dispute with Kimmeridge introduces some external pressure on the company's strategic direction.

Company Guidance

During the Coterra Energy Third Quarter 2025 Earnings Call, guidance was provided that highlighted several key metrics and strategic directions. The company reported that oil, natural gas, and BOE production came in approximately 2.5% above the midpoint of guidance, with NGL production reaching an all-time high of around 136 MBoe per day. For the fourth quarter, oil production is expected to be 175 MBoe per day at the midpoint, while total production is anticipated to average between 770 and 810 MBoe per day. Natural gas production is projected between 2.78 and 2.93 Bcf per day. Coterra expects capital expenditures for the quarter to be around $530 million, reflecting a significant decrease from the third quarter. For the full year 2025, guidance was revised to an annual MBoe per day production of 777 at the midpoint, a 5% increase from earlier forecasts. The company plans to deliver a comprehensive updated 3-year outlook with its fourth quarter release in February and expects 2026 capital to be modestly down year-over-year while maintaining production parameters. Additionally, Coterra highlighted its commitment to growing revenue, cash flow, free cash flow, and profitability, with an emphasis on maintaining low breakevens and operational flexibility.

Strong Third Quarter Performance

Coterra's oil, natural gas, and BOE production each came in approximately 2.5% above the midpoint of guidance, with NGL production hitting an all-time high of 136 MBoe per day. Oil volumes increased by 7% over second quarter levels with a substantial uptick of 11,300 barrels per day.

Successful Integration of Acquired Assets

The integration of Franklin Mountain and Avant assets has led to a 10% reduction in total well costs and 5% reduction in lease operating expenses. Additional $20 million per year savings are expected from operational efficiency improvements.

Positive Financial Metrics

Pre-hedge oil and gas revenues reached $1.7 billion, with 57% from oil production. Discretionary cash flow was $1.15 billion, and free cash flow was $533 million. Coterra announced a $0.22 per share dividend and repaid $250 million of term loans.

Record-Setting Drilling Efficiency in Marcellus

A new 4-mile lateral was drilled in under 9 days, averaging 2,400 feet per day, reducing drilling costs by 24% year-over-year.

Coterra Energy (CTRA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CTRA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 19, 2026	2025 (Q4)	0.56 / -	0.49	―	―	―
Nov 03, 2025	2025 (Q3)	0.43 / 0.41	0.32	28.12% (+0.09)
Aug 04, 2025	2025 (Q2)	0.45 / 0.48	0.37	29.73% (+0.11)
May 05, 2025	2025 (Q1)	0.81 / 0.80	0.51	56.86% (+0.29)
Feb 24, 2025	2024 (Q4)	0.43 / 0.49	0.52	-5.77% (-0.03)
Oct 31, 2024	2024 (Q3)	0.33 / 0.32	0.5	-36.00% (-0.18)
Aug 01, 2024	2024 (Q2)	0.39 / 0.37	0.39	-5.13% (-0.02)
May 02, 2024	2024 (Q1)	0.42 / 0.51	0.87	-41.38% (-0.36)
Feb 22, 2024	2023 (Q4)	0.55 / 0.52	1.16	-55.17% (-0.64)
Nov 06, 2023	2023 (Q3)	0.44 / 0.50	1.42	-64.79% (-0.92)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CTRA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 03, 2025	$24.39	$25.85	+5.99%
Aug 04, 2025	$23.71	$24.10	+1.64%
May 05, 2025	$24.82	$22.52	-9.27%
Feb 24, 2025	$27.26	$26.68	-2.13%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Coterra Energy (CTRA) report earnings?

Coterra Energy (CTRA) is schdueled to report earning on Feb 19, 2026, Before Open (Confirmed).

What is Coterra Energy (CTRA) earnings time?

Coterra Energy (CTRA) earnings time is at Feb 19, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

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What is CTRA EPS forecast?

CTRA EPS forecast for the fiscal quarter 2025 (Q4) is 0.56.

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