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Coterra Energy Q2 Adjusted Earnings Decline, Revenue Increases
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Coterra Energy Q2 Adjusted Earnings Decline, Revenue Increases
Aug 1, 2024 2:46 PM

05:15 PM EDT, 08/01/2024 (MT Newswires) -- Coterra Energy ( CTRA ) reported Q2 adjusted earnings late Thursday of $0.37 per share, down from $0.39 a year earlier.

Analysts polled by Capital IQ expected $0.39.

Operating revenue for the quarter that ended June 30 was $1.27 billion, up from $1.19 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.31 billion.

The company said its board kept its quarterly base dividend at $0.21 per share, payable on Aug. 29 to shareholders of record on Aug. 15.

Shares of Coterra Energy ( CTRA ) traded nearly 2% lower in after-hours activity.

Price: 24.92, Change: -0.48, Percent Change: -1.89

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