Reports Q3 revenue $1.36B, consensus $1.3B. Tom Jorden, Chairman, CEO and President of Coterra, noted, “Coterra continues to exceed its 2024 plan and has strong momentum with significant optionality heading into 2025. Our teams continue to deliver strong and improving capital efficiency through operational execution, all of which is guided by our relentless focus on economic returns. The Company’s strong positioning is underpinned by its advantaged balance sheet, operational aptitude, diversified commodity mix and its durable, high-quality inventory. We are also pleased to announce our three new LNG agreements. The U.S. has an abundant, low-cost natural gas resource that can help support energy reliability and energy affordability around the world. America’s role as a major energy exporter strengthens our nation’s standing on the global stage. As part of Coterra’s ongoing strategy, these agreements further diversify our natural gas marketing portfolio with the addition of international LNG pricing exposure to European and Asian markets.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CTRA:
- Coterra Energy options imply 2.1% move in share price post-earnings
- Is CTRA a Buy, Before Earnings?
- 3 Best Stocks to Buy Now, 10/16/2024, According to Top Analysts
- Coterra Energy price target raised to $34 from $32 at Siebert Williams
- Coterra Energy price target lowered to $32 from $35 at Scotiabank
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
