Coterra Energy (CTRA) Q1 Earnings and Revenues Beat Estimates
CTRACoterra(CTRA) Zacks Investment Research·2024-05-06 22:51

Coterra Energy Inc. (CTRA) reported first-quarter 2024 adjusted earnings per share of 51 cents, which beat the Zacks Consensus Estimate of 41 cents. The outperformance reflects strong production. However, the bottom line declined from the year-ago quarter’s level of 87 cents. The year-over-year underperformance was primarily due to weaker natural gas and natural gas liquids realizations. This oil and gas exploration and production firm’s operating revenues of $1.4 billion beat the Zacks Consensus Estimate b ...