Equity Profile

CTRA

Coterra Energy Inc.

EnergyOil & Gas Exploration & Production$24.7B

Mar18Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Coterra Energy Inc. (CTRA) operates in the energy sector, focusing on oil and gas exploration and production....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company 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.

CTRA Q2-2026 Earnings Preview

Context

Company Snapshot

Coterra Energy Inc. (CTRA) operates in the energy sector, focusing on oil and gas exploration and production. With a market cap of $25 billion, the company plays a significant role in the energy market, which is influenced by global oil prices and demand trends.

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, Coterra reported an EPS of $0.61, falling short of expectations by 28.65%. The stock reacted negatively, dropping 8.62% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Coterra's upcoming earnings are mixed, especially after recent performance misses. Investors will be closely watching for any signs of improvement.

Bull Case

If Coterra can exceed EPS expectations and show strong revenue growth, it could signal a recovery in operational efficiency and market demand, leading to a positive stock reaction.

Bear Case

Conversely, if the company continues to miss earnings expectations and reports weak production levels, it may lead to further declines in stock price and investor confidence.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to analyst expectations?

Given the recent history of earnings misses, the market will be keenly focused on whether Coterra can meet or exceed expectations this time.

What are the production levels for the quarter?

Production levels directly impact revenue and profitability, making this a crucial metric for assessing the company's operational health.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Coterra's ability to rebound from recent earnings misses, as the company has made operational adjustments that could lead to improved performance.

Supporting Evidence

The options market is pricing a 5% move, which is higher than the historical average of 2.2%, indicating potential for a significant reaction.

Coterra's recent production adjustments may not be fully reflected in analyst expectations, suggesting upside potential.

Key Risk

If production levels exceed expectations, 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 turn around its recent performance and meet market expectations.

Bull Confirmed If

An EPS of $0.85 or higher would confirm the bull case, indicating a strong recovery in profitability.

Bear Confirmed If

An EPS below $0.61 would confirm the bear case, suggesting ongoing operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±5%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a potential move of 5%, indicating that traders expect significant volatility around the earnings report.

Options are pricing ±5.0% while CTRA has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

30d HV

41.6%

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Energy

n=30

Fade rate: 18 of 30 (60%)

This setup has occurred 30 times across Energy in the last 2 years. 18 of 30 faded and 12 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 3.3%, with a raw directional average of +0.3% (modestly positive historical bias).

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 around 0.32% on the day, confirming a positive trend.

In-Line / Cautious

If results are in line but cautious, the stock may experience a muted reaction, reflecting ongoing investor uncertainty.

Miss

If the company misses expectations again, history suggests a potential decline of about 1.94%, which could further erode investor confidence.

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 levels and operational efficiency improvements.
2Management's commentary on market demand and pricing for oil and gas.
3Insights into cost management strategies and their impact on profitability.
4Any changes in guidance for the upcoming quarters.
5Responses to analyst questions regarding recent performance and future outlook.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Coterra Energy Inc. (CTRA) operates in the energy sector, focusing on oil and gas exploration and production....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company 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.

CTRA Q2-2026 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

In the last quarter, Coterra reported an EPS of $0.61, falling short of expectations by 28.65%. The stock reacted negatively, dropping 8.62% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Coterra's upcoming earnings are mixed, especially after recent performance misses. Investors will be closely watching for any signs of improvement.

Bull Case

If Coterra can exceed EPS expectations and show strong revenue growth, it could signal a recovery in operational efficiency and market demand, leading to a positive stock reaction.

Bear Case

Conversely, if the company continues to miss earnings expectations and reports weak production levels, it may lead to further declines in stock price and investor confidence.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to analyst expectations?

Given the recent history of earnings misses, the market will be keenly focused on whether Coterra can meet or exceed expectations this time.

What are the production levels for the quarter?

Production levels directly impact revenue and profitability, making this a crucial metric for assessing the company's operational health.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Coterra's ability to rebound from recent earnings misses, as the company has made operational adjustments that could lead to improved performance.

Supporting Evidence

The options market is pricing a 5% move, which is higher than the historical average of 2.2%, indicating potential for a significant reaction.

Coterra's recent production adjustments may not be fully reflected in analyst expectations, suggesting upside potential.

Key Risk

If production levels exceed expectations, 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 turn around its recent performance and meet market expectations.

Bull Confirmed If

An EPS of $0.85 or higher would confirm the bull case, indicating a strong recovery in profitability.

Bear Confirmed If

An EPS below $0.61 would confirm the bear case, suggesting ongoing operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±5%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a potential move of 5%, indicating that traders expect significant volatility around the earnings report.

Options are pricing ±5.0% while CTRA has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

30d HV

41.6%

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Energy

n=30

Fade rate: 18 of 30 (60%)

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 around 0.32% on the day, confirming a positive trend.

In-Line / Cautious

If results are in line but cautious, the stock may experience a muted reaction, reflecting ongoing investor uncertainty.

Miss

If the company misses expectations again, history suggests a potential decline of about 1.94%, which could further erode investor confidence.

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 levels and operational efficiency improvements.
2Management's commentary on market demand and pricing for oil and gas.
3Insights into cost management strategies and their impact on profitability.
4Any changes in guidance for the upcoming quarters.
5Responses to analyst questions regarding recent performance and future outlook.