Cabot: Fourth Quarter Financial Overview

Coterra Energy Reports Fourth-Quarter Financial Results

Coterra Energy Inc., headquartered in Houston, announced a net profit of $368 million for the fourth quarter.

The company recorded earnings of $0.51 per share, while adjusted earnings—excluding extraordinary items—were $0.39 per share.

These adjusted earnings were below analysts’ expectations, as the consensus from seven Zacks Investment Research analysts had anticipated $0.45 per share.

However, Coterra’s quarterly revenue reached $1.96 billion, surpassing the average forecast of $1.88 billion from six analysts polled by Zacks.

For the full year, Coterra reported a total profit of $1.72 billion, or $2.25 per share, with annual revenue totaling $7.65 billion.

This article was created by Automated Insights using information from Zacks Investment Research.