With a market cap of $19.8 billion, Coterra Energy Inc. (CTRA) is an independent oil and gas company that engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. Based in Houston, Texas, the company is expected to report its Q1 earnings on Monday, May 5.
Ahead of the event, analysts expect CTRA to report a profit of $0.72 per share, up 44% from a profit of $0.50 per share reported in the year-ago quarter. It has exceeded analysts' earnings estimates in two of the past four quarters, while missing on two other occasions. In the previous quarter, it reported an EPS of $0.47, which surpassed the consensus estimate by 14.6%, driven by excellent operational execution, increased productivity, and lower costs.
