Description

Coterra Energy’s Permian Breakthrough — Oil Production Jumps Over 7%!

Coterra Energy reported a strong third quarter in 2025, delivering production and financial results that exceeded guidance across its oil, natural gas, and barrels of oil equivalent (BOE) metrics. Production volumes were approximately 2.5% above the midpoint of guidance, with natural gas liquids (NGL) volumes hitting a company record. The company demonstrated operational efficiencies with capital expenditures near the midpoint of expectations at $658 million and improved capital efficiency leading to robust free cash flow of $533 million. Notably, oil production increased sequentially by over 7%, driven largely by strong results in the Permian Basin, where the company is executing a consistent drilling program supported by a deep inventory of low breakeven assets. Financially, Coterra increased its full-year 2025 production guidance for BOE and natural gas, reflecting higher than expected performance from acquired assets, while maintaining oil guidance with a narrowed range.