2023-05-04 16:16:01 ET
- Coterra Energy press release ( NYSE: CTRA ): Q1 Non-GAAP EPS of $0.87 beats by $0.17 .
- Revenue of $1.78B (+6.0% Y/Y) beats by $210M .
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2023 cash flow guidance updates include:
- Estimate full-year 2023 Discretionary Cash Flow of approximately $3.6 billion, at recent strip prices
- 2023 capital budget remains unchanged at $2.0-2.2 billion (accrued); see potential for 2H23 deflation
- Estimate 2023 Free Cash Flow of approximately $1.6 billion at recent strip prices
- 2023 oil production range increasing by 1.0 MBopd, to 87.0-93.0 MBopd
For further details see:
Coterra Energy Non-GAAP EPS of $0.87 beats by $0.17, revenue of $1.78B beats by $210M