Coterra Energy Inc. (CTRA) 10-Year Financial Performance & Capital Metrics

CTRA • • Industrial / General

EnergyOil & Gas E&PUnconventional Shale E&PMulti-Basin Diversified Operators

AboutCoterra Energy Inc., an independent oil and gas company, engages in the development, exploration and production of oil, natural gas, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 177,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania. The company also holds Permian Basin properties with approximately 306,000 net acres; and Anadarko Basin properties located in Oklahoma with approximately 182,000 net acres. In addition, it operates natural gas and saltwater disposal gathering systems in Texas. The company sells its natural gas to industrial customers, local distribution companies, oil and gas marketers, major energy companies, pipeline companies, and power generation facilities. As of December 31, 2021, it had proved reserves of approximately 2,892,582 thousand barrels of oil equivalent, which include 189,429 thousand barrels of oil and other liquid hydrocarbons, 14,895 billion cubic feet of natural gas, and 220,615 thousand barrels of natural gas liquids. The company was incorporated in 1989 and is headquartered in Houston, Texas.Show more

Revenue $5.46B -3.9%
EBITDA $3.23B -9.3%
Net Income $1.12B -31.0%
EPS (Diluted) 1.51 -29.1%
Gross Margin 30.96% -20.1%
EBITDA Margin 59.22% -5.6%
Operating Margin 25.43% -24.9%
Net Margin 20.53% -28.2%
ROE 8.57% -32.2%
ROIC 7.06% -28.5%
Debt/Equity 0.29 +49.6%
Interest Coverage 13.10 -50.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 18.8% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 22.4%
✓Good 3Y average ROE of 18.2%
✓Healthy dividend yield of 3.3%
✓Healthy 5Y average net margin of 27.5%

✗Weaknesses

✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.04%

5Y22.43%

3Y14.17%

TTM27.26%

Profit (Net Income) CAGR

10Y26.78%

5Y10.48%

3Y-1.08%

TTM32.74%

EPS CAGR

10Y19.7%

5Y-1.52%

3Y-12.96%

TTM31.52%

ROCE

10Y Avg11.52%

5Y Avg14.01%

3Y Avg15.93%

Latest7.08%

Peer Comparison

Multi-Basin Diversified Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CTRACoterra Energy Inc.	19.59B	25.73	17.04	-3.92%	23.47%	11.18%	5.23%	0.29
AMPYAmplify Energy Corp.	194.28M	4.80	15.48	-4.2%	-10.1%	-7.09%		0.32
CNQCanadian Natural Resources Limited	71.03B	34.10	11.96	-12.68%	15.49%	16.45%	11.4%	0.51
BTEBaytex Energy Corp.	2.6B	3.38	11.27	24.43%	5.6%	5.12%	22.87%	0.55
OVVOvintiv Inc.	10.12B	39.95	9.49	-15.91%	2.65%	2.31%	14.02%	0.61
DVNDevon Energy Corporation	22.78B	36.32	7.95	2.82%	16.11%	17.71%		0.63
CRGYCrescent Energy Company	2.76B	8.39	-9.53	23.01%	0.66%	0.53%		0.72

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.3B	1.19B	1.75B	2.14B	1.99B	1.41B	3.67B	9.51B	5.68B	5.46B
Revenue Growth %	-0.38%	-0.08%	0.46%	0.23%	-0.07%	-0.29%	1.61%	1.59%	-0.4%	-0.04%
Cost of Goods Sold+	1.27B	1.2B	1.22B	1.3B	1.09B	1.07B	1.61B	3.44B	3.48B	3.77B
COGS % of Revenue	0.98%	1%	0.7%	0.61%	0.55%	0.76%	0.44%	0.36%	0.61%	0.69%
Gross Profit+	26.99M	-409K	524.46M	839.2M	890.78M	340.01M	2.06B	6.07B	2.2B	1.69B
Gross Margin %	0.02%	-0%	0.3%	0.39%	0.45%	0.24%	0.56%	0.64%	0.39%	0.31%
Gross Profit Growth %	-0.97%	-1.02%	1283.3%	0.6%	0.06%	-0.62%	5.05%	1.95%	-0.64%	-0.23%
Operating Expenses+	69.44M	87.24M	97.79M	96.64M	94.87M	105.39M	164M	327M	279M	302M
OpEx % of Revenue	0.05%	0.07%	0.06%	0.05%	0.05%	0.07%	0.04%	0.03%	0.05%	0.06%
Selling, General & Admin	69.44M	87.24M	97.79M	96.64M	94.87M	105.39M	164M	327M	279M	302M
SG&A % of Revenue	0.05%	0.07%	0.06%	0.05%	0.05%	0.07%	0.04%	0.03%	0.05%	0.06%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-42.45M	-87.65M	426.68M	742.56M	795.91M	234.62M	1.89B	5.74B	1.92B	1.39B
Operating Margin %	-0.03%	-0.07%	0.24%	0.35%	0.4%	0.17%	0.52%	0.6%	0.34%	0.25%
Operating Income Growth %	-1.05%	-1.06%	5.87%	0.74%	0.07%	-0.71%	7.07%	2.03%	-0.66%	-0.28%
EBITDA+	583.21M	512.6M	999.31M	1.26B	1.2B	629.16M	2.59B	7.38B	3.56B	3.23B
EBITDA Margin %	0.45%	0.43%	0.57%	0.59%	0.61%	0.45%	0.7%	0.78%	0.63%	0.59%
EBITDA Growth %	-0.59%	-0.12%	0.95%	0.26%	-0.04%	-0.48%	3.11%	1.85%	-0.52%	-0.09%
D&A (Non-Cash Add-back)	625.66M	600.25M	572.64M	515.22M	407.97M	394.54M	693M	1.64B	1.64B	1.84B
EBIT	-90.36M	-571.26M	-146.31M	771.34M	955.18M	295.25M	1.56B	5.24B	2.2B	1.45B
Net Interest Income+	-96.91M	-88.34M	-82.13M	-73.2M	-54.95M	-54.12M	-62M	-70M	-26M	-44M
Interest Income	0	0	0	0	0	0	0	0	47M	62M
Interest Expense	96.91M	88.34M	82.13M	73.2M	54.95M	54.12M	62M	70M	73M	106M
Other Income/Expense	-144.82M	-571.95M	-655.11M	-44.42M	104.32M	6.5M	-391M	-573M	204M	-44M
Pretax Income+	-187.27M	-659.6M	-228.44M	698.14M	900.22M	241.12M	1.5B	5.17B	2.13B	1.34B
Pretax Margin %	-0.14%	-0.55%	-0.13%	0.33%	0.45%	0.17%	0.41%	0.54%	0.37%	0.25%
Income Tax+	-73.38M	-242.47M	-328.83M	141.09M	219.15M	40.59M	344M	1.1B	503M	224M
Effective Tax Rate %	0.61%	0.63%	-0.44%	0.8%	0.76%	0.83%	0.77%	0.79%	0.76%	0.83%
Net Income+	-113.89M	-417.12M	100.39M	557.04M	681.07M	200.53M	1.16B	4.07B	1.63B	1.12B
Net Margin %	-0.09%	-0.35%	0.06%	0.26%	0.34%	0.14%	0.32%	0.43%	0.29%	0.21%
Net Income Growth %	-2.09%	-2.66%	1.24%	4.55%	0.22%	-0.71%	4.77%	2.51%	-0.6%	-0.31%
Net Income (Continuing)	-113.89M	-417.12M	100.39M	557.04M	681.07M	200.53M	1.16B	4.07B	1.63B	1.12B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.28	-0.91	0.22	1.25	1.63	0.50	2.29	5.08	2.13	1.51
EPS Growth %	-2.12%	-2.25%	1.24%	4.68%	0.3%	-0.69%	3.58%	1.22%	-0.58%	-0.29%
EPS (Basic)	-0.28	-0.91	0.22	1.25	1.64	0.50	2.30	5.10	2.14	1.51
Diluted Shares Outstanding	413.7M	456.85M	463.74M	445.54M	417.45M	401M	504M	799M	760M	745M
Basic Shares Outstanding	406.75M	456.85M	463.74M	445.54M	415.51M	398.52M	503M	796M	756M	742M
Dividend Payout Ratio	-	-	0.79%	0.2%	0.21%	0.79%	0.67%	0.49%	0.55%	0.56%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	144.79M	715.88M	764.96M	544.54M	568.25M	416M	2.14B	2.21B	2.02B	3.32B
Cash & Short-Term Investments	514K	498.54M	480.05M	2.29M	200.23M	140M	1.04B	673M	956M	2.04B
Cash Only	514K	498.54M	480.05M	2.29M	200.23M	140M	1.04B	673M	956M	2.04B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	115.66M	184.35M	214.22M	361.74M	208.02M	215M	920M	1.06B	721M	818M
Days Sales Outstanding	32.46	56.33	44.75	61.59	38.24	55.85	91.5	40.86	46.3	54.67
Inventory	17.05M	13.3M	8.01M	11.08M	13.93M	15M	39M	63M	59M	46M
Days Inventory Outstanding	4.89	4.06	2.39	3.1	4.65	5.14	8.83	6.67	6.19	4.45
Other Current Assets	11.56M	19.68M	62.68M	169.45M	146.07M	46M	141M	410M	268M	405M
Total Non-Current Assets+	5.12B	4.41B	3.96B	3.65B	3.92B	4.11B	17.76B	17.94B	18.4B	18.3B
Property, Plant & Equipment	4.98B	4.25B	3.07B	3.46B	3.89B	4.08B	17.69B	17.86B	18.27B	18.14B
Fixed Asset Turnover	0.26x	0.28x	0.57x	0.62x	0.51x	0.34x	0.21x	0.53x	0.31x	0.30x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	103.52M	129.52M	86.08M	163.18M	0	0	0	0	0	0
Other Non-Current Assets	27.86M	27.04M	804.11M	27.5M	27.38M	29M	72M	82M	130M	163M
Total Assets+	5.26B	5.12B	4.73B	4.2B	4.49B	4.52B	19.9B	20.15B	20.41B	21.63B
Asset Turnover	0.25x	0.23x	0.37x	0.51x	0.44x	0.31x	0.18x	0.47x	0.28x	0.25x
Asset Growth %	-0.03%	-0.03%	-0.08%	-0.11%	0.07%	0.01%	3.4%	0.01%	0.01%	0.06%
Total Current Liabilities+	235.55M	257.81M	630.05M	287.26M	328.03M	390M	1.22B	1.19B	1.66B	1.14B
Accounts Payable	30.04M	27.36M	7.82M	30.03M	21.66M	11M	94M	27M	60M	59M
Days Payables Outstanding	8.61	8.36	2.33	8.4	7.22	3.77	21.27	2.86	6.29	5.71
Short-Term Debt	20M	0	304M	0	87M	188M	0	0	575M	0
Deferred Revenue (Current)	0	0	1000K	0	0	0	0	0	0	0
Other Current Liabilities	15.87M	56.41M	58.59M	21.76M	22.73M	14M	240M	74M	70M	93M
Current Ratio	0.61x	2.78x	1.21x	1.90x	1.73x	1.07x	1.75x	1.85x	1.21x	2.92x
Quick Ratio	0.54x	2.73x	1.20x	1.86x	1.69x	1.03x	1.72x	1.80x	1.18x	2.88x
Cash Conversion Cycle	28.74	52.03	44.81	56.29	35.66	57.22	79.05	44.67	46.19	53.41
Total Non-Current Liabilities+	3.01B	2.3B	1.57B	1.82B	2.01B	1.92B	6.94B	6.3B	5.72B	7.37B
Long-Term Debt	2B	1.52B	1.22B	1.23B	1.13B	946M	3.13B	2.18B	1.59B	3.54B
Capital Lease Obligations	0	0	0	0	32.68M	30M	255M	298M	243M	145M
Deferred Tax Liabilities	807.24M	579.45M	227.03M	458.6M	702.1M	774M	3.1B	3.34B	3.41B	3.27B
Other Non-Current Liabilities	204.92M	197.11M	128.47M	138.71M	139.92M	168M	461M	484M	474M	413M
Total Liabilities	3.24B	2.55B	2.2B	2.11B	2.34B	2.31B	8.16B	7.5B	7.38B	8.5B
Total Debt+	2.02B	1.52B	1.52B	1.23B	1.26B	1.17B	3.46B	2.6B	2.53B	3.8B
Net Debt	2.02B	1.02B	1.04B	1.22B	1.06B	1.03B	2.43B	1.93B	1.57B	1.76B
Debt / Equity	1.00x	0.59x	0.60x	0.59x	0.58x	0.53x	0.30x	0.21x	0.19x	0.29x
Debt / EBITDA	3.46x	2.97x	1.52x	0.97x	1.04x	1.86x	1.34x	0.35x	0.71x	1.18x
Net Debt / EBITDA	3.46x	1.99x	1.04x	0.97x	0.88x	1.63x	0.94x	0.26x	0.44x	0.55x
Interest Coverage	-0.44x	-0.99x	5.20x	10.14x	14.48x	4.33x	30.53x	82.03x	26.36x	13.10x
Total Equity+	2.01B	2.57B	2.52B	2.09B	2.15B	2.22B	11.74B	12.66B	13.04B	13.12B
Equity Growth %	-0.06%	0.28%	-0.02%	-0.17%	0.03%	0.03%	4.3%	0.08%	0.03%	0.01%
Book Value per Share	4.86	5.62	5.44	4.69	5.15	5.53	23.29	15.84	17.16	17.61
Total Shareholders' Equity	2.01B	2.57B	2.52B	2.09B	2.15B	2.22B	11.74B	12.66B	13.04B	13.12B
Common Stock	42.38M	47.5M	47.55M	47.61M	47.69M	47.78M	89M	77M	75M	74M
Retained Earnings	1.55B	1.1B	1.16B	1.61B	2.14B	2.18B	2.56B	4.64B	5.37B	5.86B
Treasury Stock	-306.83M	-306.83M	-430.58M	-1.33B	-1.82B	-1.82B	-1.83B	0	0	0
Accumulated OCI	-365K	985K	2.08M	4.44M	1.36M	2.42M	1M	13M	11M	12M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	740.74M	392.38M	898.16M	1.1B	1.45B	778M	1.67B	5.46B	3.66B	2.79B
Operating CF Margin %	0.57%	0.33%	0.51%	0.52%	0.73%	0.55%	0.45%	0.57%	0.64%	0.51%
Operating CF Growth %	-0.4%	-0.47%	1.29%	0.23%	0.31%	-0.46%	1.14%	2.27%	-0.33%	-0.24%
Net Income	-113.89M	-417.12M	100.39M	557.04M	681M	201M	1.16B	4.07B	1.63B	1.12B
Depreciation & Amortization	622.21M	590.13M	568.82M	417.48M	406M	391M	693M	1.64B	1.64B	1.84B
Stock-Based Compensation	13.64M	25.98M	33.42M	31.44M	30M	40M	52M	73M	57M	61M
Deferred Taxes	-72.97M	-230.71M	-321.11M	229.6M	244M	72M	126M	235M	74M	-145M
Other Non-Cash Items	250.1M	492.42M	594.59M	32.8M	0	-19M	-218M	-366M	24M	91M
Working Capital Changes	41.64M	-68.33M	-77.94M	-163.46M	84M	93M	-144M	-186M	237M	-173M
Change in Receivables	112.41M	-71.06M	-25.04M	-146.92M	153M	-6M	-229M	-184M	378M	-108M
Change in Inventory	-3.02M	3.04M	1.33M	-3.93M	-3M	-2M	5M	-24M	4M	13M
Change in Payables	-64.53M	5.79M	-2.55M	30.47M	-30M	-30M	47M	96M	-180M	15M
Cash from Investing+	-993.33M	-353.22M	-706.15M	-293.38M	-543M	-584M	313M	-1.67B	-2.06B	-1.76B
Capital Expenditures	-955.6M	-375.15M	-764.56M	-894.47M	-788M	-576M	-728M	-1.71B	-2.1B	-1.77B
CapEx % of Revenue	0.73%	0.31%	0.44%	0.42%	0.4%	0.41%	0.2%	0.18%	0.37%	0.32%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	7.65M	50.42M	115.44M	678.35M	5M	1M	8M	36M	40M	9M
Cash from Financing+	232.16M	453.81M	-210.5M	-1.29B	-690M	-256M	-1.09B	-4.14B	-1.32B	279M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-33.09M	-36.19M	-78.84M	-111.37M	-146M	-159M	-780M	-1.99B	-890M	-625M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-7.75M	-8.29M	-7.92M	-8.15M	-17M	-10M	-116M	-19M	-21M	-56M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-214.87M	17.22M	133.6M	210.43M	657M	202M	939M	3.75B	1.56B	1.02B
FCF Margin %	-0.17%	0.01%	0.08%	0.1%	0.33%	0.14%	0.26%	0.39%	0.27%	0.19%
FCF Growth %	0.12%	1.08%	6.76%	0.58%	2.12%	-0.69%	3.65%	2.99%	-0.58%	-0.34%
FCF per Share	-0.52	0.04	0.29	0.47	1.57	0.50	1.86	4.69	2.05	1.37
FCF Conversion (FCF/Net Income)	-6.50x	-0.94x	8.95x	1.98x	2.12x	3.88x	1.44x	1.34x	2.25x	2.49x
Interest Paid	92.75M	86.72M	79.85M	80.07M	57.48M	57.04M	0	119M	84M	99M
Taxes Paid	7.55M	688K	40.63M	4.63M	7.81M	10.96M	0	983M	388M	341M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-5.49%	-18.23%	3.94%	24.16%	32.13%	9.18%	16.6%	33.32%	12.65%	8.57%
Return on Invested Capital (ROIC)	-0.81%	-1.73%	8.94%	16.19%	18.31%	5.46%	16.31%	29.96%	9.89%	7.06%
Gross Margin	2.08%	-0.03%	30.02%	39.15%	44.86%	24.2%	56.05%	63.79%	38.76%	30.96%
Net Margin	-8.76%	-34.92%	5.75%	25.98%	34.3%	14.27%	31.55%	42.73%	28.59%	20.53%
Debt / Equity	1.00x	0.59x	0.60x	0.59x	0.58x	0.53x	0.30x	0.21x	0.19x	0.29x
Interest Coverage	-0.44x	-0.99x	5.20x	10.14x	14.48x	4.33x	30.53x	82.03x	26.36x	13.10x
FCF Conversion	-6.50x	-0.94x	8.95x	1.98x	2.12x	3.88x	1.44x	1.34x	2.25x	2.49x
Revenue Growth	-38.01%	-8.14%	46.26%	22.69%	-7.38%	-29.22%	161.17%	159.24%	-40.26%	-3.92%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Oil and Condensate	48.72M	-	-	616M	3.02B	2.67B	2.95B
Oil and Condensate Growth	-	-	-	-	389.61%	-11.57%	10.72%
Natural Gas Liquids	-	-	-	243M	964M	644M	-
Natural Gas Liquids Growth	-	-	-	-	296.71%	-33.20%	-
Oil And Gas, Other	4.31M	229K	231K	-	-	-	-
Oil And Gas, Other Growth	-	-94.69%	0.87%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Coterra Energy Inc. (CTRA) has a price-to-earnings (P/E) ratio of 17.0x. This is roughly in line with market averages.

Growth & Financials

Coterra Energy Inc. (CTRA) reported $7.01B in revenue for fiscal year 2024. This represents a 684% increase from $894.5M in 2011.

Coterra Energy Inc. (CTRA) saw revenue decline by 3.9% over the past year.

Yes, Coterra Energy Inc. (CTRA) is profitable, generating $1.65B in net income for fiscal year 2024 (20.5% net margin).

Dividend & Returns

Yes, Coterra Energy Inc. (CTRA) pays a dividend with a yield of 3.26%. This makes it attractive for income-focused investors.

Coterra Energy Inc. (CTRA) has a return on equity (ROE) of 8.6%. This is below average, suggesting room for improvement.

Coterra Energy Inc. (CTRA) generated $1.45B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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