Coterra Energy Inc.CTRA
NYSE•Energy•Oil & Gas E&P
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.
Coterra Energy Inc. (CTRA) reported trailing twelve months revenue of $7.66B as of March 2026, a 26.7% increase year-over-year. Quarterly revenue reached $2.38B, reflecting continued top-line momentum.
Coterra Energy Inc. generated $1.67B in TTM net income, with quarterly EBITDA of $1.20B. The operating margin contracted from 34.8% to 27.1%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (27.1%) and net margin (19.6%) indicates moderate non-operating costs. Net margin has narrowed from 25.6% a year ago, reflecting increased costs or interest expense.
CTRA trades at a P/E of 16.4x (in line with broad market averages) and a P/S of 3.6x. The price-to-book ratio of 1.8x reflects a moderate premium to book value.
The company generated $991.00M in free cash flow over the trailing twelve months, a 47.5% increase year-over-year, indicating cash generation ability. The balance sheet shows $24.63B in total assets with $3.26B in long-term debt against $15.11B in stockholders equity for a debt-to-equity ratio of 0.2, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~29.0%, suggesting durable pricing power and cost discipline.
ROE is positive at ~10.2% on average, adequate but below the threshold typically associated with wide moats.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~31.7% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.2 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding rose 2.3% — mild dilution. Compare to earnings growth to assess net per-share impact.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation