Tue, May 6, 9:27 PM (9 days ago)
**Coterra Energy Inc. (CTRA) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $1.9 billion (up 33% YoY), driven by increased oil, natural gas, and NGL revenues. - **Net Income:** $516 million (up 46% YoY), with EPS of $0.68. - **Operating Cash Flow:** $1.1 billion (up 34% YoY). - **Capital Expenditures:** $552 million, focused on drilling, completion, and fixed asset additions. - **Acquisitions:** Completed two acquisitions in January 2025, totaling $3.2 billion in cash and stock. - **Dividends:** Increased quarterly dividend to $0.22 per share. - **Share Repurchases:** Repurchased 1 million shares for $24 million. **Profit Margins:** - **Operating Margin:** Approximately 37% (Operating Income of $702 million / Revenue of $1.9 billion). - **Net Margin:** Approximately 27% (Net Income of $516 million / Revenue of $1.9 billion). **Cash Flow:** - **Operating Cash Flow:** $1.1 billion, driven by higher revenues and efficient cost management. - **Investing Cash Flow:** -$3.7 billion, primarily due to acquisitions and capital expenditures. - **Financing Cash Flow:** $528 million, including debt issuance and share repurchases. **Earnings Changes:** - **YoY Earnings Growth:** 46% increase in net income. - **QoQ Earnings Growth:** Not provided, but Q1 2025 net income was $516 million. **Quarterly Performance Discussion:** - **Revenue Growth:** Driven by higher production volumes and improved commodity prices. - **Cost Management:** Efficient management of operating expenses and capital expenditures. - **Acquisitions:** Strategic acquisitions to enhance production and reserve base. - **Dividends and Share Repurchases:** Continued commitment to shareholder returns. **Trends and Uncertainties:** - **Commodity Prices:** Volatility in oil and natural gas prices due to market supply and demand, geopolitical factors, and economic policies. - **Operational Risks:** Dependence on successful drilling and completion activities, and exposure to environmental and regulatory risks. - **Future Operations Impact:** Continued focus on capital discipline, operational efficiency, and strategic acquisitions to drive growth. **Future Outlook:** - **2025 Capital Program:** Expected to be in the range of $2.0 billion to $2.3 billion, funded by operating cash flow. - **Production Guidance:** Expects to turn-in-line 175 to 205 total net wells in 2025. - **Capital Allocation:** Approximately 67% of capital expenditures in the Permian Basin, with the remainder allocated to other basins and infrastructure. **Ticker:** CTRA