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Coterra Energy beats second-quarter profit estimates on higher gas prices, strong output
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Coterra Energy beats second-quarter profit estimates on higher gas prices, strong output
Aug 4, 2025 1:39 PM

Aug 4 (Reuters) - Coterra Energy ( CTRA ) beat Wall

Street estimates for second-quarter profit on Monday, as higher

production volumes and a rebound in U.S. natural gas prices

offset weaker oil prices.

The Houston,Texas-based shale producer benefited increased

output across the Permian and Anadarko basins. Total production

rose to 783,900 barrels of oil equivalent per day (boepd) during

the second quarter, from 669,200 boepd.

While gains from production helped lift results, they

were partially offset by weaker crude prices, with the average

benchmark Brent crude price falling over 20% from a year earlier

amid U.S. tariffs, weak global demand and increased supply from

OPEC+ producers.

Coterra's quarterly results were also cushioned by a

rise in U.S. natural gas prices, which have rebounded

from multi-year lows reached last year, buoyed by record flows

to liquefied natural gas export facilities and rising

electricity consumption.

The company said its average realized price for oil - the

price it received for each barrel produced - was $62.80 per

barrel while average realized price for natural gas was $2.20

per thousand cubic feet (Mcf)

Coterra posted an adjusted profit of 48 cents per share for

the three months ended June 30, compared with analysts'

estimates of 45 cents per share, according to data compiled by

LSEG.

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