Coterra Energy Inc.


SKU: CTRA Category:


This is our first report on oil and gas behemoth, Coterra Energy. The company delivered a mixed set of results in its most recent results, with revenues falling short of Wall Street expectations but above-par earnings. The average daily production volumes in the second quarter amounted to 665 thousand barrels of oil equivalent. The amount of natural gas had a notable increase, reaching 2.9 billion cubic feet per day. In contrast, the average daily oil production reached a significant high of 95.8 thousand barrels daily, marking a significant milestone for Coterra. All three commodities surpassed the upper limits of their projected volumes, primarily owing to exceptional good productivity in the Marcellus, Anadarko, and Permian regions. This success resulted from several factors, including optimizing completion design, spacing, landing zone selection, and the remarkable performance of a project featuring 3-mile laterals. Coterra anticipates that future good productivity will closely align with current trends. As the company looks ahead to 2024, it emphasizes the importance of flexible planning, adaptable capital allocation, and the durability of its assets. While the company is confident in delivering its updated 3-year outlook, it remains focused on results and its ability to meet the challenges and opportunities in the dynamic energy industry.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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