Q2 25 EPS
$0.48
BEAT +6.95%
Est. $0.45
Q2 25 Revenue
$1.97B
BEAT +16.53%
Est. $1.69B
vs S&P Since Q2 25
+36.3%
BEATING MARKET
CTRA +51.1% vs S&P +14.8%
Market Reaction
Did CTRA Beat Earnings? Q2 2025 Results
Coterra Energy posted a decisive beat across the board in the second quarter of 2025, with adjusted EPS of $0.48 clearing the $0.45 consensus estimate by 6.95% and revenue of $1.97 billion topping expectations of $1.69 billion by 16.53%, representing… Read more Coterra Energy posted a decisive beat across the board in the second quarter of 2025, with adjusted EPS of $0.48 clearing the $0.45 consensus estimate by 6.95% and revenue of $1.97 billion topping expectations of $1.69 billion by 16.53%, representing a 52.7% surge from the year-ago period. The headline driver was a production blowout, with total equivalent output of 783.9 MBoepd clearing the high end of Coterra's own 710-760 MBoepd guidance range, powered notably by natural gas volumes of 2,998.6 MMcfpd that materially exceeded the 2,700-2,850 MMcfpd target, even as the company spent $569 million in capital, below the low end of its $575-$650 million guidance range. Adjusted EBITDAX reached $1.10 billion and operating cash flow totaled $937 million for the quarter. Coterra parlayed the operational strength into raised full-year production guidance of 755-780 MBoepd, with free cash flow projected at $2.10 billion at current strip prices, while a new Permian power netback gas deal with a West Texas power plant, delivering 50 MMcf per day starting in 2028 at ERCOT-linked pricing, adds a premium marketing layer to its expanding natural gas portfolio.
Key Takeaways
- • Total BOE and natural gas production exceeded high-end of guidance ranges
- • Oil volumes beat midpoint by approximately 2%
- • Capital expenditures (non-GAAP) came in below the low end of guidance at $569 million vs. $575-$650 million range
- • Strong capital efficiency driven by lower than expected capital expenditures and higher than expected production
- • Natural gas realized price of $2.20/Mcf up from $1.26/Mcf in Q2 2024
- • Permian Basin daily equivalent production increased to 358.6 MBoepd from 258.4 MBoepd year-over-year
CTRA YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
CTRA Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are pleased to report an excellent quarter with strong capital efficiency driven by lower than expected capital expenditures and higher than expected production.”
— Tom Jorden, Q2 2025 Earnings Press Release
CTRA Earnings Trends
CTRA vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CTRA EPS Trend
Earnings per share: estimate vs actual
CTRA Revenue Trend
Quarterly revenue: estimate vs actual
CTRA Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | — | — | — | — |
| Q4 25 MISS FY | $0.52 | $0.39 | -24.39% | $1.96B | -2.04% |
| FY Full Year | $2.15 | $2.08 | -3.36% | $7.65B | +1.05% |
| Q3 25 MISS | $0.43 | $0.41 | -4.76% | $1.82B | +3.59% |
| Q2 25 BEAT | $0.45 | $0.48 | +6.95% | $1.97B | +16.53% |
| Q1 25 BEAT | $0.79 | $0.80 | +1.85% | $1.90B | -4.41% |