Coterra Energy reports Q2 adjusted EPS 37c, consensus 39c

Reports Q2 revenue $1.27B, consensus $1.33B. Tom Jorden, Chairman, CEO and President of Coterra, noted, “Coterra’s second quarter results continue the trend of delivering outstanding performance. The ingenuity and hard work of our operating team are driving results that exceed expectations across our portfolio of high-quality assets. As we move into the second half of 2024, we remain focused on executing our plan while maintaining significant investment optionality between oil and gas in 2025. Coterra’s investment thesis remains strong. Operational excellence, efficient development of our diversified, low-cost, long-life assets, our fortress balance sheet, and an unwavering commitment to shareholder returns underpin our value proposition.”