Coterra Energy Reports First-Quarter 2024 Results, Announces Quarterly Dividend, and Updates 2024 Outlook
Coterra Energy Inc. (CTRA)
Last coterra energy inc. earnings: 3/18 07:30 am
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US:NASDAQ Investor Relations:
conturaenergy.com/financials
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported first-quarter 2024 financial and operating results and declared a quarterly dividend of $0.21 per share. Additionally, the Company provided second-quarter production and capital guidance and updated full-year 2024 guidance.Key Takeaways & UpdatesFor the first quarter of 2024, total barrels of oil equivalent (BOE) production beat the mid-point and oil production beat the high-end of guidance, and incurred capital expenditures (non-GAAP) came in below the low-end of guidance.Increasing full-year 2024 oil guidance 2.5% from initial guidance, driven by strong well performance and faster cycle times. Maintaining full-year 2024 BOE and incurred capital expenditure (non-GAAP) guidance.For the first quarter of 2024, shareholder returns totaled approximately 90% of Free Cash Flow (non-GAAP), inclusive of our quarterly base dividend and $150 million of share repurchases during the quarter
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News
- Coterra Energy Inc. (NYSE: CTRA) was upgraded by analysts at Truist Financial Co. from a "hold" rating to a "buy" rating. They now have a $35.00 price target on the stock, up previously from $27.00.MarketBeat
- Coterra Energy Inc. (NYSE: CTRA) had its price target raised by analysts at Piper Sandler from $37.00 to $39.00. They now have an "overweight" rating on the stock.MarketBeat
- Coterra Energy Inc. (NYSE: CTRA) had its price target raised by analysts at Mizuho from $37.00 to $41.00. They now have a "buy" rating on the stock.MarketBeat
- Just Four Days Till Coterra Energy Inc. (NYSE:CTRA) Will Be Trading Ex-Dividend [Yahoo! Finance]Yahoo! Finance
- Coterra Energy Inc. (NYSE: CTRA) had its price target raised by analysts at Susquehanna from $32.00 to $33.00. They now have a "positive" rating on the stock.MarketBeat
CTRA
Earnings
- 5/2/24 - Beat
CTRA
Sec Filings
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- CTRA's page on the SEC website