04:54 PM EDT, 05/02/2024 (MT Newswires) -- Coterra Energy ( CTRA ) reported Q1 adjusted net income late Thursday of $0.51 a share, down from $0.87 a year earlier.

Analysts polled by Capital IQ expected $0.41.

Revenue in the quarter ended March 31 fell to $1.43 billion from $1.78 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.4 billion.

The company's shares climbed 2.2% in after-hours activity.

Price: 27.75, Change: +0.59, Percent Change: +2.17