Coterra Energy (CTRA) Misses Q4 EPS by 19c

Coterra Energy (NYSE: CTRA) reported Q4 EPS of $0.83, $0.19 worse than the analyst estimate of $1.02. Revenue for the quarter came in at $1.27 billion versus the consensus estimate of $1.87 billion.

2022 Outlook:

• Total capital investment in 2022 expected to be between $1,400 and $1,500 million, with approximately 88 percent allocated towards drilling and completion operations.
• 2022 capital investment is less than 35 percent of projected cash flow from operating activities at recent strip prices.
• Projecting 2022 free cash flow (non-GAAP) of approximately $3 billion at recent strip prices.
• Guiding to combined company 4 and 10 percent annual oil volume growth and approximately 3 percent total equivalent production decline.

For earnings history and earnings-related data on Coterra Energy (CTRA) click here.

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