Coterra Energy's second quarter showed strong production and financial results, exceeding guidance in several areas and maintaining robust cash flow and balance sheet strength. However, challenges with certain wells and softening commodity prices present ongoing concerns.

Company Guidance -

Q3 2025

During the Coterra Energy Second Quarter 2025 Earnings Call, the company provided several key metrics and guidance for the remainder of the year. Coterra exceeded its guidance range for natural gas and total barrel of oil equivalent production, with oil volumes above the midpoint. The company reported pre-hedge oil and gas revenues of $1.7 billion, with oil contributing 52% to the revenue, marking a 7% increase quarter-over-quarter. Cash operating costs were $9.34 per BOE, down 6% from the previous quarter. Net income was $511 million, or $0.67 per share, with adjusted net income at $367 million, or $0.48 per share. Capital expenditures were $44 million below the midpoint of the guidance range. Looking forward, Coterra expects third-quarter production to average between 740 and 790 MBoe per day, with oil production between 158 and 168 MBoe per day, and natural gas between 2.75 and 2.9 Bcf per day. The company increased its full-year 2025 production guidance midpoint by 4% to 768 MBoe per day and its natural gas volume guidance midpoint by 5% to 2.9 Bcf per day. Capital expenditures for the year are projected to be about $2.3 billion, equating to a reinvestment rate of approximately 50% of cash flow. Coterra also announced a $0.22 per share dividend, with a focus on maintaining a strong balance sheet by repaying $650 million of term loans during 2025. The company ended the quarter with $2.2 billion in total liquidity.

Exceeding Production Guidance

Coterra's second quarter oil production was 2% above the midpoint of guidance, while natural gas was above the high end of the guidance range. Overall BOEs were also above the high end of the guidance range.

Strong Financial Performance

Pre-hedge oil and gas revenues were $1.7 billion, with a 7% increase in oil contribution quarter-over-quarter. Net income for the quarter was $511 million, and adjusted net income was $367 million.

Successful New Harkey Wells

Six new Harkey wells in Culberson County came online, meeting or exceeding expectations, indicating the localized nature of previous issues.

Robust Cash Flow and Balance Sheet

Discretionary cash flow for the quarter was $949 million, and free cash flow was $329 million. Coterra ended the quarter with an undrawn $2 billion credit facility and total liquidity of $2.2 billion.

Dividend and Shareholder Returns

Coterra announced a $0.22 per share dividend, one of the highest yielding base dividends in the industry, and returned $191 million to shareholders through dividends and share repurchases.

Successful Cost Reduction

In the Permian, all-in costs are projected at $940 per foot, down 2% from the start of the year and down 12% year-over-year.

Positive Marcellus and Anadarko Results

Significant outperformance in Marcellus production with peak 30-day rate of 450 million cubic feet per day across 11 wells. Strong Anadarko program with a 9-well project achieving a 30-day equivalent IP of 173 million cubic feet per day.

Innovative Gas Marketing Strategy

Coterra announced a new power netback deal in the Permian, providing a differentiated gas sales strategy and additional power netback exposure.

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

Daily Earnings Calendar >

CTRA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.55 / -	0.32	―	―	―
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)
Aug 07, 2023	2023 (Q2)	0.34 / 0.39	1.35	-71.11% (-0.96)

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
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%
Oct 31, 2024	$23.11	$21.94	-5.06%

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 Oct 30, 2025, Before Open (Confirmed).

What is Coterra Energy (CTRA) earnings time?

Coterra Energy (CTRA) earnings time is at Oct 30, 2025, 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.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CTRA EPS forecast?

CTRA EPS forecast for the fiscal quarter 2025 (Q3) is 0.55.

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