Recent News
On July 8, 2025 the company scheduled its second-quarter 2025 results conference call for August 5, 2025 to discuss quarterly results and guidance. On August 28, 2025 Coterra announced management will participate in a Barclays CEO Energy-Power Conference fireside chat on September 4, 2025. On August 4, 2025 Coterra disclosed a multi-year supply agreement to deliver 50 million cubic feet per day to the proposed CPV Basin Ranch Energy Center beginning in 2028.
Technical Analysis
ADX at 9.83 indicates no prevailing trend in price strength; directional measures show near parity between positive and negative directional indicators, with DI+ increasing and DI- showing a peak & reversal, which together suggest a nascent shift toward buying pressure but without trend conviction.
MACD reads -0.08 with a dip & reversal and its signal line at -0.06; the MACD pattern shows bullish momentum emerging from a negative position, though the MACD remains below the signal line and therefore lacks a confirmed crossover signal.
MRO at -17.62 with a dip & reversal indicates the price sits below WMDST’s target and carries bullish potential as the oscillator moves upward from negative territory; the magnitude implies moderate mean-reversion potential toward fair value.
RSI at 48.48 with an increasing trend points to neutral momentum shifting slightly higher, consistent with a consolidation that could resolve higher if buying volume persists.
Price versus averages: the close at $23.96 sits above the 20-day and 50-day averages (~$23.85–$23.87) yet below the 200-day average ($25.28), implying short-term optimism inside a longer-term range-bound context; the 12-day EMA shows a dip & reversal consistent with recent price stabilization.
Bollinger bands compress (upper ~ $24.33, lower ~ $23.38), and elevated volume relative to 10- and 50-day averages supports the recent pickup in activity; 42-day beta at 0.05 and 52-week beta at 0.72 indicate muted market sensitivity versus the broader market.
Fundamental Analysis
Coterra reported EPS of $0.48 versus an estimate of $0.45, producing an EPS surprise of 6.67%. Operating income of $704,000,000 and EBITDA of $1,291,000,000 support operating leverage while net income from continuing operations reached $511,000,000. WMDST values the stock as fair-valued based on the provided metrics.
Margins show strength: operating margin at 35.83% and EBIT margin at 36.44%, with YoY improvement of 44.73% on the EBIT margin and operating margin YoY growth of 42.30%. The company’s gross margin at 44.94% improved YoY by 34.39%, supporting cash-flow generation (operating cash flow $936,000,000; free cash flow $296,000,000) and a free cash flow yield of 1.59% with YoY expansion in free cash flow yield of 301.51%.
Capital structure and liquidity: total debt $4,389,000,000 with net debt $3,983,000,000, debt/EBITDA about 3.40x and interest coverage roughly 12.34x, reflecting manageable interest burden. Current ratio at 1.13 and quick ratio at 1.08 improved QoQ, while cash and short-term investments total $192,000,000.
Valuation multiples present a mixed picture: trailing P/E at 52.02 and forward P/E at 44.07 sit above the industry peer mean P/E but the P/B ratio at 1.28 falls slightly below the industry peer mean of 1.55. Enterprise multiple stands near 17.63 with WMDST labeling valuation fair-valued. Growth metrics show revenue growth of 3.20% YoY but revenue growth YoY metric in the file indicates a large negative figure; earnings growth displays a YoY improvement of 45.71% while QoQ dynamics in revenue and free cash flow remain contractionary, requiring monitoring.
Dividend coverage appears acceptable with a dividend payout ratio of 32.88% and dividend coverage of 3.04, supporting the declared quarterly dividend of $0.22 per share within current cash-flow metrics. When industry peer mean and median values exist for a metric, Coterra’s EBIT margin sits above the industry peer mean and median, while the P/B ratio sits below the industry peer mean. Do not infer performance beyond those comparisons.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-04 |
| NEXT REPORT DATE: | 2025-11-03 |
| CASH FLOW | Begin Period Cash Flow | $ 221.0 M |
| Operating Cash Flow | $ 936.0 M | |
| Capital Expenditures | $ -640.00 M | |
| Change In Working Capital | $ -12.00 M | |
| Dividends Paid | $ -168.00 M | |
| Cash Flow Delta | $ -5.00 M | |
| End Period Cash Flow | $ 216.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.0 B | |
| Forward Revenue | $ 427.4 M | |
| COSTS | ||
| Cost Of Revenue | $ 1.1 B | |
| Depreciation | $ 39.0 M | |
| Depreciation and Amortization | $ 39.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 1.3 B | |
| PROFITABILITY | ||
| Gross Profit | $ 883.0 M | |
| EBITDA | $ 1.3 B | |
| EBIT | $ 716.0 M | |
| Operating Income | $ 704.0 M | |
| Interest Income | $ 8.0 M | |
| Interest Expense | $ 58.0 M | |
| Net Interest Income | $ -51.00 M | |
| Income Before Tax | $ 658.0 M | |
| Tax Provision | $ 147.0 M | |
| Tax Rate | 22.3 % | |
| Net Income | $ 511.0 M | |
| Net Income From Continuing Operations | $ 511.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.45 | |
| EPS Actual | $ 0.48 | |
| EPS Difference | $ 0.03 | |
| EPS Surprise | 6.667 % | |
| Forward EPS | $ 0.58 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 24.0 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 14.6 B | |
| Total Current Assets | $ 1.5 B | |
| Cash and Short-Term Investments | $ 192.0 M | |
| Cash | $ 192.0 M | |
| Net Receivables | $ 860.0 M | |
| Inventory | $ 57.0 M | |
| Long-Term Investments | $ 122.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 132.0 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 1.4 B | |
| Net Debt | $ 4.0 B | |
| Total Debt | $ 4.4 B | |
| Total Liabilities | $ 9.4 B | |
| EQUITY | ||
| Total Equity | $ 14.6 B | |
| Retained Earnings | $ 6.5 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 19.07 | |
| Shares Outstanding | 763.261 M | |
| Revenue Per-Share | $ 2.57 | |
| VALUATION | Market Capitalization | $ 18.6 B |
| Enterprise Value | $ 22.8 B | |
| Enterprise Multiple | 17.633 | |
| Enterprise Multiple QoQ | -12.555 % | |
| Enterprise Multiple YoY | -27.683 % | |
| Enterprise Multiple IPRWA | high: 75.659 mean: 30.43 median: 28.835 CTRA: 17.633 low: -7.608 |
|
| EV/R | 11.585 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.648 | |
| Asset To Liability | 2.544 | |
| Debt To Capital | 0.232 | |
| Debt To Assets | 0.183 | |
| Debt To Assets QoQ | -3.067 % | |
| Debt To Assets YoY | 560.925 % | |
| Debt To Assets IPRWA | high: 0.609 mean: 0.236 median: 0.212 CTRA: 0.183 low: 0.002 |
|
| Debt To Equity | 0.302 | |
| Debt To Equity QoQ | -5.152 % | |
| Debt To Equity YoY | 583.277 % | |
| Debt To Equity IPRWA | high: 1.807 mean: 0.728 median: 0.477 CTRA: 0.302 low: 0.002 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.276 | |
| Price To Book QoQ | -10.109 % | |
| Price To Book YoY | -14.215 % | |
| Price To Book IPRWA | high: 3.756 median: 1.768 mean: 1.554 CTRA: 1.276 low: 0.005 |
|
| Price To Earnings (P/E) | 52.018 | |
| Price To Earnings QoQ | 57.534 % | |
| Price To Earnings YoY | -26.485 % | |
| Price To Earnings IPRWA | high: 185.623 CTRA: 52.018 mean: 51.995 median: 48.382 low: -96.671 |
|
| PE/G Ratio | -1.3 | |
| Price To Sales (P/S) | 9.449 | |
| Price To Sales QoQ | -10.867 % | |
| Price To Sales YoY | -38.01 % | |
| Price To Sales IPRWA | high: 30.921 CTRA: 9.449 mean: 6.038 median: 5.84 low: 0.012 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 44.068 | |
| Forward PE/G | -1.102 | |
| Forward P/S | 43.442 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 0.131 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.082 | |
| Asset Turnover Ratio QoQ | -1.867 % | |
| Asset Turnover Ratio YoY | 34.564 % | |
| Asset Turnover Ratio IPRWA | high: 0.422 median: 0.165 mean: 0.154 CTRA: 0.082 low: 0.002 |
|
| Receivables Turnover | 2.183 | |
| Receivables Turnover Ratio QoQ | 0.91 % | |
| Receivables Turnover Ratio YoY | 14.921 % | |
| Receivables Turnover Ratio IPRWA | high: 6.047 CTRA: 2.183 mean: 1.938 median: 1.804 low: 0.322 |
|
| Inventory Turnover | 18.982 | |
| Inventory Turnover Ratio QoQ | -2.338 % | |
| Inventory Turnover Ratio YoY | 8.824 % | |
| Inventory Turnover Ratio IPRWA | high: 20.578 CTRA: 18.982 mean: 3.165 median: 2.469 low: 0.051 |
|
| Days Sales Outstanding (DSO) | 41.794 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 34.41 | |
| Cash Conversion Cycle Days QoQ | -7.249 % | |
| Cash Conversion Cycle Days YoY | -24.401 % | |
| Cash Conversion Cycle Days IPRWA | high: 82.233 CTRA: 34.41 median: 6.538 mean: 2.125 low: -110.2 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 11.559 | |
| CapEx To Revenue | -0.326 | |
| CapEx To Depreciation | -16.41 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 18.7 B | |
| Net Invested Capital | $ 18.7 B | |
| Invested Capital | $ 18.7 B | |
| Net Tangible Assets | $ 14.6 B | |
| Net Working Capital | $ 170.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.142 | |
| Current Ratio | 1.126 | |
| Current Ratio QoQ | 25.187 % | |
| Current Ratio YoY | -19.796 % | |
| Current Ratio IPRWA | high: 5.453 median: 1.249 mean: 1.198 CTRA: 1.126 low: 0.329 |
|
| Quick Ratio | 1.084 | |
| Quick Ratio QoQ | 25.442 % | |
| Quick Ratio YoY | -21.285 % | |
| Quick Ratio IPRWA | high: 3.791 CTRA: 1.084 mean: 0.937 median: 0.919 low: 0.247 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 3.4 | |
| Cost Of Debt | 1.011 % | |
| Interest Coverage Ratio | 12.345 | |
| Interest Coverage Ratio QoQ | -3.042 % | |
| Interest Coverage Ratio YoY | 50.453 % | |
| Interest Coverage Ratio IPRWA | high: 22.447 CTRA: 12.345 mean: 6.924 median: 6.558 low: -20.714 |
|
| Operating Cash Flow Ratio | 0.457 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 12.58 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.042 | |
| Dividend Payout Ratio | 0.329 | |
| Dividend Rate | $ 0.22 | |
| Dividend Yield | 0.009 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.129 % | |
| Revenue Growth | 3.204 % | |
| Revenue Growth QoQ | -91.219 % | |
| Revenue Growth YoY | -128.341 % | |
| Revenue Growth IPRWA | high: 43.755 % CTRA: 3.204 % median: -3.774 % mean: -5.063 % low: -35.032 % |
|
| Earnings Growth | -40.0 % | |
| Earnings Growth QoQ | -163.226 % | |
| Earnings Growth YoY | 45.714 % | |
| Earnings Growth IPRWA | high: 122.222 % median: -21.739 % mean: -23.562 % CTRA: -40.0 % low: -180.0 % |
|
| MARGINS | ||
| Gross Margin | 44.936 % | |
| Gross Margin QoQ | -5.25 % | |
| Gross Margin YoY | 34.386 % | |
| Gross Margin IPRWA | high: 82.166 % CTRA: 44.936 % mean: 24.771 % median: 22.581 % low: -39.892 % |
|
| EBIT Margin | 36.438 % | |
| EBIT Margin QoQ | -2.694 % | |
| EBIT Margin YoY | 44.727 % | |
| EBIT Margin IPRWA | high: 95.08 % CTRA: 36.438 % mean: 17.097 % median: 13.652 % low: -39.515 % |
|
| Return On Sales (ROS) | 35.827 % | |
| Return On Sales QoQ | -4.326 % | |
| Return On Sales YoY | 42.301 % | |
| Return On Sales IPRWA | high: 90.781 % CTRA: 35.827 % mean: 13.798 % median: 10.832 % low: -39.515 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 296.0 M | |
| Free Cash Flow Yield | 1.594 % | |
| Free Cash Flow Yield QoQ | -49.332 % | |
| Free Cash Flow Yield YoY | 301.511 % | |
| Free Cash Flow Yield IPRWA | high: 8.634 % CTRA: 1.594 % median: 1.276 % mean: 1.26 % low: -11.931 % |
|
| Free Cash Growth | -53.386 % | |
| Free Cash Growth QoQ | -122.794 % | |
| Free Cash Growth YoY | -33.808 % | |
| Free Cash Growth IPRWA | high: 300.833 % mean: -16.045 % median: -24.008 % CTRA: -53.386 % low: -616.098 % |
|
| Free Cash To Net Income | 0.579 | |
| Cash Flow Margin | 31.45 % | |
| Cash Flow To Earnings | 1.209 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.132 % | |
| Return On Assets QoQ | -5.83 % | |
| Return On Assets YoY | 102.085 % | |
| Return On Assets IPRWA | high: 4.797 % CTRA: 2.132 % mean: 1.191 % median: 0.982 % low: -3.385 % |
|
| Return On Capital Employed (ROCE) | 3.164 % | |
| Return On Equity (ROE) | 0.035 | |
| Return On Equity QoQ | -3.225 % | |
| Return On Equity YoY | 107.874 % | |
| Return On Equity IPRWA | high: 0.111 CTRA: 0.035 mean: 0.029 median: 0.027 low: -0.087 |
|
| DuPont ROE | 3.551 % | |
| Return On Invested Capital (ROIC) | 2.969 % | |
| Return On Invested Capital QoQ | -1.884 % | |
| Return On Invested Capital YoY | -108.817 % | |
| Return On Invested Capital IPRWA | high: 6.932 % CTRA: 2.969 % mean: 2.632 % median: 2.373 % low: -4.078 % |
|