Short answer
Coterra (CTRA) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $1.8B (up 35.5% year over year) with net income of $322M.
Q3 2025 key financials · XBRL
- Revenue
- $1.8B
- +35.5% YoY · +1.3% QoQ
- Net income
- $322M
- +27.8% YoY · −37.0% QoQ
- Operating margin
- 26.8%
- EPS (diluted)
- $0.41
- +20.6% YoY · −38.8% QoQ
Source: XBRL data from the Coterra (CTRA) Q3 2025 10-Q on SEC EDGAR. USD.
Coterra Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $1.817B, up 34% YoY from $1.359B, driven by oil (+$219M, 29%), natural gas (+$199M, 62%), and NGL (+$27M, 15%)
- Operating expenses $1.347B, up 30% YoY; direct operations cost per BOE 3.80 vs 2.69, gathering cost per BOE 3.75 vs 3.97; higher depletion rate increased DD&A to $619M (8.58/BOE) from $475M (7.73/BOE)
- Best segment: natural gas revenue +$199M (62%) from higher prices and volumes; worst: oil prices declined 13% ($64.10 vs $74.04/Bbl), offset partially by 49% higher volume
- Interest expense rose $26M to $50M due to new debt for FME and Avant acquisitions with additional $1.0B term loans and senior notes; stock-based compensation steady at $13M
- Management flagged risks including commodity price volatility, inflation, tariffs, geopolitical disruptions; no updated guidance but emphasized macro uncertainty and impact on reserves valuation
Risk Factors
- No material changes in risk factors since last 10-K
- Risk of unintended disclosure of material information via website communications
- Potential regulatory scrutiny on material information dissemination practices impacting compliance
- Continued risk from fluctuating commodity prices affecting near-term oil and gas operations
- Exposure to liquidity constraints if cash flow from operations declines due to market conditions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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