Coterra (CTRA) Q3 2025 10-Q Quarterly Report
Coterra (CTRA) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 4, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Coterra Q3 2025 10-Q Analysis
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
Coterra Q3 2025 Quarterly FinancialsXBRL
Revenue
$1.8B
▲ +35.5% YoY▲ +1.3% QoQ
Net Income
$322M
▲ +27.8% YoY▼ -37.0% QoQ
Operating Margin
26.8%
▲ +159bp YoY▼ -1402bp QoQ
Net Margin
18.3%
▼ -111bp YoY▼ -1114bp QoQ
ROE
2.2%
Total Assets
$24.0B
EPS (Diluted)
$0.41
▲ +20.6% YoY▼ -38.8% QoQ
Operating Cash Flow
$971M
▲ +28.6% YoY▲ +3.7% QoQ
Source: XBRL data from Coterra Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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