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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.36B | 6.9% |
| Gross Profit | 1.12B | 7.3% |
| Cost of Revenue | 240M | 5.3% |
| Operating expense | 81M | 12.5% |
| Net Income | 252M | 14.5% |
| EBITDA | 818M | 6.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 20.1B | 3.1% |
| Total Liabilities | 7.08B | 8.3% |
| Total Equity | 13B | 0% |
| Shares Outstanding | 738M | 0.5% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 755M | 35.3% |
| Cash from investing | -139M | 71% |
| Cash from financing | -847M | 185.2% |
EPS
Financial Highlights for Coterra Energy in Q3 '24
Coterra Energy reported a revenue of 1.36B, which is a 6.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.12B, marking a 7.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 240M, a 5.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 81M, showing a 12.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 252M, showing a 14.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 818M, showing a 6.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Coterra Energy with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
