CTRA

MKT CAP:$25B

Coterra Energy Inc.

Market Cap

$25B

Energy·Oil & Gas Exploration & Production·🇺🇸 United States·NYSE

Energy·Oil & Gas Exploration & Production·🇺🇸·NYSE

Stock Price

$30.89+$4.29 (+16.13%)

Apr 17, 2026

Company Details

Coterra Energy Inc., an independent oil and gas company, engages in the development, exploration and production of oil, natural gas, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximatel...

CEO

Thomas E. Jorden

IPO Date

Feb 8, 1990

Website

www.coterra.com

Key Metrics TTM

Revenue

$7.4B

+34.7% YoY

Net Income

$1.7B

EPS (Diluted)

$2.25

Free Cash Flow

$1.6B

Revenue / Share

$9.65

Gross Margin

36.2%

Operating Margin

29.4%

Net Margin

23.3%

FCF Margin

22.2%

P/S

3.5x

P/E

14.8x

Earnings Reports

Q1 2026

May 4, 2026

PENDING

FY 2025

Feb 27, 2026

$2.8B-49.6%EPS $2.25

Q4 2025

Feb 27, 2026

$1.8B+23.8%EPS $0.48

Q3 2025

Nov 4, 2025

$1.8B+40.3%EPS $0.42

Q2 2025

Aug 5, 2025

$1.7B+34.7%EPS $0.67

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$2.1B	$1.3B	$1.2B
Q2 22	$2.6B	$1.8B	$1.7B
Q3 22	$2.7B	$1.8B	$1.7B
Q4 22	$2.1B	$1.2B	$1.2B
Q1 23	$1.6B	$810M	$741M
Q2 23	$1.2B	$346M	$291M
Q3 23	$1.4B	$493M	$413M
Q4 23	$1.5B	$554M	$478M
Q1 24	$1.4B	$516M	$441M
Q2 24	$1.3B	$379M	$311M
Q3 24	$1.3B	$335M	$260M
Q4 24	$1.4B	$461M	$377M
Q1 25	$2.0B	$906M	$814M
Q2 25	$1.7B	$556M	$472M
Q3 25	$1.8B	$646M	$471M
Q4 25	$1.8B	$556M	$402M

Valuation

Quarter	P/S	P/E
Q1 22	4.3x	13.1x
Q2 22	2.9x	7.6x
Q3 22	2.2x	5.4x
Q4 22	2.0x	4.7x
Q1 23	2.1x	4.6x
Q2 23	2.5x	6.1x
Q3 23	3.1x	8.8x
Q4 23	3.4x	11.8x
Q1 24	3.8x	16.0x
Q2 24	3.5x	14.9x
Q3 24	3.2x	14.2x
Q4 24	3.4x	16.8x
Q1 25	3.6x	17.1x
Q2 25	3.0x	12.3x
Q3 25	2.6x	11.0x
Q4 25	2.7x	11.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$1.3B	$1.1B
Q2 22	$879M	$405M
Q3 22	$1.8B	$1.3B
Q4 22	$1.5B	$979M
Q1 23	$1.5B	$1.0B
Q2 23	$646M	$49M
Q3 23	$758M	$210M
Q4 23	$760M	$290M
Q1 24	$856M	$398M
Q2 24	$558M	$77M
Q3 24	$755M	$359M
Q4 24	$626M	$190M
Q1 25	$1.1B	$635M
Q2 25	$936M	$296M
Q3 25	$971M	$327M
Q4 25	$970M	$376M

Capital Expenditures

Quarter	CapEx
Q1 22	$271M
Q2 22	$474M
Q3 22	$460M
Q4 22	$505M
Q1 23	$484M
Q2 23	$597M
Q3 23	$548M
Q4 23	$470M
Q1 24	$458M
Q2 24	$481M
Q3 24	$396M
Q4 24	$436M
Q1 25	$509M
Q2 25	$640M
Q3 25	$644M
Q4 25	$594M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+401.0%	+189.9%
Q2 22	+457.8%	+232.7%
Q3 22	+317.0%	+190.4%
Q4 22	-0.7%	+1.7%
Q1 23	-20.8%	+5.5%
Q2 23	-54.6%	-4.2%
Q3 23	-49.4%	-6.1%
Q4 23	-29.8%	+4.4%
Q1 24	-12.6%	+10.5%
Q2 24	+7.5%	+7.7%
Q3 24	-4.3%	+10.1%
Q4 24	-3.3%	+5.1%
Q1 25	+40.7%	+21.2%
Q2 25	+34.7%	+29.2%
Q3 25	+40.3%	+30.0%
Q4 25	+23.8%	+29.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$20M	1.0%
Q2 22	$0	0.0%
Q3 22	$24M	0.9%
Q4 22	$11M	0.5%
Q1 23	$0	0.0%
Q2 23	$7M	0.6%
Q3 23	$0	0.0%
Q4 23	$14M	0.9%
Q1 24	$12M	0.8%
Q2 24	$13M	1.0%
Q3 24	$18M	1.4%
Q4 24	$18M	1.2%
Q1 25	$15M	0.7%
Q2 25	$15M	0.9%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 22	—	$76M
Q2 22	—	$73M
Q3 22	—	$94M
Q4 22	—	$84M
Q1 23	—	$69M
Q2 23	—	$55M
Q3 23	—	$80M
Q4 23	—	$76M
Q1 24	—	$75M
Q2 24	—	$68M
Q3 24	—	$75M
Q4 24	—	$84M
Q1 25	—	$92M
Q2 25	$84M	—
Q3 25	$83M	—
Q4 25	—	$64M

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.4B	$0	$1.4B
Q2 22	$1.1B	$0	$1.1B
Q3 22	$778M	$0	$778M
Q4 22	$673M	$0	$673M
Q1 23	$973M	$0	$973M
Q2 23	$841M	$0	$841M
Q3 23	$847M	$0	$847M
Q4 23	$956M	$0	$956M
Q1 24	$1.3B	$250M	$1.5B
Q2 24	$1.1B	$250M	$1.3B
Q3 24	$843M	$0	$843M
Q4 24	$2.0B	$0	$2.0B
Q1 25	$186M	$0	$186M
Q2 25	$192M	$0	$192M
Q3 25	$98M	$0	$98M
Q4 25	$119M	$0	$119M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	814M	+0.5%	+104.2%
Q2 22	803M	-1.4%	+99.8%
Q3 22	797M	-0.7%	+97.8%
Q4 22	782M	-1.9%	-3.5%
Q1 23	768M	-1.8%	-5.7%
Q2 23	760M	-1.0%	-5.4%
Q3 23	758M	-0.3%	-4.9%
Q4 23	754M	-0.5%	-3.5%
Q1 24	755M	+0.1%	-1.7%
Q2 24	748M	-0.9%	-1.6%
Q3 24	744M	-0.5%	-1.8%
Q4 24	736M	-1.1%	-2.4%
Q1 25	761M	+3.4%	+0.8%
Q2 25	759M	-0.3%	+1.5%
Q3 25	763M	+0.5%	+2.6%
Q4 25	762M	-0.1%	+3.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$2M	936
Q2 22	$3M	936
Q3 22	$3M	936
Q4 22	$2M	981
Q1 23	$2M	981
Q2 23	$1M	981
Q3 23	$1M	981
Q4 23	$8M	189
Q1 24	$8M	189
Q2 24	$7M	189
Q3 24	$7M	189
Q4 24	$2M	915
Q1 25	$2M	915
Q2 25	$2M	915
Q3 25	$2M	915
Q4 25	$2M	1K

Revenue / Employee