Equity Profile

CTRA

Coterra Energy Inc.

EnergyOil & Gas Exploration & Production$24.7B

May6Wed

Post-Earnings Recap

ReportedQ1-2026After Close5:08 PM EDT

Coterra Energy Inc. Misses on EPS, Stock Down 8.62%

Metric	Actual	Expected	Surprise
EPS	$0.61	N/A	-28.65%
Revenue	N/A	N/A	N/A

management commentary, guidance changes, and full analysis available with Pro.

Coterra Energy Inc. Misses on EPS, Stock Down 8.62%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.61	N/A	-28.65%
Revenue	N/A	N/A	N/A

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Coterra Energy's earnings report shows a significant miss on EPS, which likely contributed to the stock's decline of 8.62% following the announcement. Investors may be concerned about the company's performance given the lack of revenue data and guidance updates. The negative surprise in EPS suggests challenges in meeting market expectations.

Company Snapshot

Coterra Energy Inc. (CTRA) is an energy company focused on oil and gas exploration and production....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help gauge how well Coterra is managing its costs and revenues.

N/A

Revenue

Revenue figures will provide insight into the company's sales performance and market demand for its products.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Coterra Energy Inc. (CTRA) is an energy company focused on oil and gas exploration and production. With a market cap of $27 billion, it plays a significant role in the energy sector, particularly as demand for fossil fuels continues amidst global energy transitions.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-4.52%

Avg Stock Reaction

-1.09%

Last Quarter Recap

In the last quarter (Q4-2025), Coterra reported an EPS of $0.39, which was below the expected $0.43, resulting in a slight stock increase of 0.37% the following day. The company has shown mixed performance in recent quarters, with some earnings beats and misses.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Coterra's upcoming earnings are uncertain, with no analyst estimates available. Investors will be closely watching for any signs of improved performance after a series of mixed results.

Bull Case

If Coterra can report better-than-expected EPS and revenue, it could signal a turnaround in operational efficiency and market demand, potentially boosting investor confidence.

Bear Case

Conversely, if the company misses expectations again, it may raise concerns about its ability to manage costs and adapt to market conditions, leading to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS and how does it compare to previous quarters?

Given the mixed results in the past, a strong EPS could indicate improved operational performance and market confidence.

What is the production volume for this quarter?

Production volume is critical for understanding Coterra's ability to meet market demand and drive revenue growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Coterra's ability to recover from past performance issues, especially if production volumes exceed expectations.

Supporting Evidence

Recent trends in energy prices suggest a potential uptick in demand that could benefit Coterra.

The company has historically shown resilience in production despite market fluctuations.

Options pricing indicates a higher expected move, suggesting that traders are anticipating significant news.

Key Risk

If production volume exceeds 100,000 barrels per day, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Coterra can stabilize its earnings and production levels in a fluctuating market.

Bull Confirmed If

An EPS of $0.45 or higher would confirm a bullish outlook, suggesting improved profitability.

Bear Confirmed If

An EPS below $0.35 would support a bearish view, indicating ongoing challenges in cost management.

Pre-Earnings Positioning

Options Market

Implied Move

±4.1%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant move of about 4.1%, indicating that traders expect volatility around the earnings report.

Options are pricing ±5.4% while CTRA has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

41.6%

Calls (132K)P/C Ratio: 0.03Puts (15K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Coterra beats expectations, history suggests the stock could rise by about 0.47%, confirming a positive trend in operational performance.

In-Line / Cautious

If results are in line but cautious, the stock may experience muted movement as investors digest the commentary.

Miss

Should the company miss expectations, history indicates an average decline of about 0.27%, reflecting investor disappointment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·1 sell

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on production volume and operational efficiency improvements.
2Management's outlook on energy market trends and pricing.
3Details on cost management strategies and their effectiveness.
4Insights into any new projects or investments that could drive future growth.
5Responses to analysts' questions regarding previous earnings misses and future expectations.

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Company Snapshot

Coterra Energy Inc. (CTRA) is an energy company focused on oil and gas exploration and production....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help gauge how well Coterra is managing its costs and revenues.

N/A

Revenue

Revenue figures will provide insight into the company's sales performance and market demand for its products.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-4.52%

Avg Stock Reaction

-1.09%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Coterra can report better-than-expected EPS and revenue, it could signal a turnaround in operational efficiency and market demand, potentially boosting investor confidence.

Bear Case

Conversely, if the company misses expectations again, it may raise concerns about its ability to manage costs and adapt to market conditions, leading to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS and how does it compare to previous quarters?

Given the mixed results in the past, a strong EPS could indicate improved operational performance and market confidence.

What is the production volume for this quarter?

Production volume is critical for understanding Coterra's ability to meet market demand and drive revenue growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Coterra's ability to recover from past performance issues, especially if production volumes exceed expectations.

Supporting Evidence

Recent trends in energy prices suggest a potential uptick in demand that could benefit Coterra.

The company has historically shown resilience in production despite market fluctuations.

Options pricing indicates a higher expected move, suggesting that traders are anticipating significant news.

Key Risk

If production volume exceeds 100,000 barrels per day, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Coterra can stabilize its earnings and production levels in a fluctuating market.

Bull Confirmed If

An EPS of $0.45 or higher would confirm a bullish outlook, suggesting improved profitability.

Bear Confirmed If

An EPS below $0.35 would support a bearish view, indicating ongoing challenges in cost management.

Pre-Earnings Positioning

Options Market

Implied Move

±4.1%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant move of about 4.1%, indicating that traders expect volatility around the earnings report.

Options are pricing ±5.4% while CTRA has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

41.6%

Calls (132K)P/C Ratio: 0.03Puts (15K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Coterra beats expectations, history suggests the stock could rise by about 0.47%, confirming a positive trend in operational performance.

In-Line / Cautious

If results are in line but cautious, the stock may experience muted movement as investors digest the commentary.

Miss

Should the company miss expectations, history indicates an average decline of about 0.27%, reflecting investor disappointment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·1 sell

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on production volume and operational efficiency improvements.
2Management's outlook on energy market trends and pricing.
3Details on cost management strategies and their effectiveness.
4Insights into any new projects or investments that could drive future growth.
5Responses to analysts' questions regarding previous earnings misses and future expectations.