Coterra Energy reports Q1 adjusted EPS 51c, consensus 41c

Reports Q1 revenue $1.43B, consensus $1.39B. Tom Jorden, Chairman, CEO and President of Coterra, noted, “Coterra continues to deliver outstanding operational and financial results driven by the company’s high-quality asset portfolio and top-tier operating team. Coterra continues to fire on all cylinders, and shifting our near-term capital program to focus on oil and liquids-rich plays remains prudent. However, the Company maintains optionality to take advantage of a structural change in the natural gas macro as LNG exports grow and electricity demand increases. One of our core principles at Coterra is maintaining flexibility and our low-cost, diversified asset portfolio provides ample opportunity to generate consistent, profitable growth through the cycles.”