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Coterra Energy Inc., an independent oil and gas company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company's properties include the Permian Basin, which covers approximately 345,000 net acres in the Delaware Basin in west Texas and southeast New Mexico, and an additional approximate of 49,000 net acres in the Delaware Basin in Lea County, New Mexico; Marcellus Shale properties, which covers approximately 186,000 net acres located in Susquehanna County, northeast Pennsylvania; and Anadarko Basin, which covers approximately 208,000 net acres located in the mid-continent region in Oklahoma. It also operates natural gas and saltwater gathering, and disposal systems in Texas. The company sells its natural gas to industrial customers, local distribution companies, oil and gas marketers, energy companies, pipeline companies, and power generation facilities. The company was formerly known as Cabot Oil & Gas Corporation and changed its name to Coterra Energy Inc. in October 2021. Coterra Energy Inc. was incorporated in 1989 and is headquartered in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $7.6B | $4.9B | $1.7B | $1.6B | 11.6% | 40.1% | 53.2% |
| 2024 | $5.5B | $3.3B | $1.1B | $1.0B | 8.5% | -7.7% | -31.0% |
| 2023 | $5.9B | $3.8B | $1.6B | $1.6B | 12.5% | -34.7% | -60.0% |
| 2022 | $9.1B | $6.9B | $4.1B | $3.7B | 32.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 9,051 | 5,914 | 5,458 | 7,645 |
| Cost Of Revenue | - | 3,050 | 3,178 | 3,463 | 4,469 |
| Gross Profit | - | 6,001 | 2,736 | 1,995 | 3,176 |
| Operating Expense | - | 791 | 594 | 609 | 729 |
| Operating Income | - | 5,210 | 2,142 | 1,386 | 2,447 |
| EBITDA | - | 6,884 | 3,842 | 3,308 | 4,853 |
| EBIT | - | 5,249 | 2,201 | 1,463 | 2,483 |
| Pretax Income | - | 5,169 | 2,128 | 1,345 | 2,263 |
| Tax Provision | - | 1,104 | 503 | 224 | 546 |
| Net Income | - | 4,065 | 1,625 | 1,121 | 1,717 |
| Net Income Common Stockholders | - | 4,057 | 1,620 | 1,120 | 1,716 |
| Total Expenses | - | 3,841 | 3,772 | 4,072 | 5,198 |
| Interest Expense | - | 80 | 73 | 118 | 220 |
| Interest Income | - | 10 | 47 | 83 | 35 |
| Selling General And Administration | - | 396 | 291 | 302 | 323 |
| Normalized EBITDA | - | 6,857 | 3,830 | 3,305 | 4,848 |
| Normalized Income | - | 4,043.76 | 1,615.84 | 1,118.50 | 1,713.21 |
| Market Cap | 25,461.09 | 25,461.09 | 25,461.09 | 25,461.09 | 25,461.09 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Coterra Energy Inc.this co. | CTRA | $25.6B | 14.83↓ discount | 1.72 | 11.6% | 6.05 |
| Diamondback Energy, Inc. | FANG | $56.6B | 32.93 | 1.48 | 4.5% | 9.69 |
| ONEOK, Inc. | OKE | $54.7B | 16.25 | 2.45 | 15.1% | 11.28 |
| Targa Resources Corp. | TRGP | $53.7B | 26.90 | 16.86 | 62.7% | 14.23 |
| EQT Corporation | EQT | $36.1B | 18.07 |
| - |
| - |
| - |
| - |
| - |
| 1.55 |
| 8.6% |
| 7.41 |
| Halliburton Company | HAL | $34.5B | 26.27 | 3.22 | 12.3% | 12.16 |
| Texas Pacific Land Corporation | TPL | $30.3B | 62.86 | 20.74 | 33.0% | 44.73 |
| Devon Energy Corporation | DVN | $30.3B | 11.28 | 1.92 | 17.0% | 4.89 |
| Expand Energy Corporation | EXE | $22.9B | 12.75 | 1.25 | 9.8% | 5.03 |
| Peer Median | - | 22.17 | 2.19 | 13.7% | 10.49 | |