Coterra Energy Inc（CTRA）の決算・業績分析
Coterra Energy Incの2025年有価証券報告書をAI分析。売上高$7.3B(+33.6%)。営業利益$2.5B。Energy。
目次
Coterra Energy Incの2025年度 業績サマリー
Coterra Energy Inc（証券コード: CTRA）の2025年度決算・業績分析。売上高は$7.3B（前年比+33.6%）。営業利益は$2.5B（前年比+76.5%）。純利益は$1.7B（前年比+53.2%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
Coterra Energy Incの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged to $9.5B (+159.2% YoY) driven by higher oil and NGL production, despite a 28.0 Bcf decline in natural gas output (XBRL).
- Operating income jumped to $5.2B (+233.1% YoY) with a robust 54.8% operating margin, supported by strong commodity prices (XBRL).
- Net income reached $4.1B (+251.0% YoY) with a 42.7% net margin, reflecting efficient cost management and high-margin product mix (XBRL).
- Free cash flow (FCF) totaled $3.8B, with $2.0B in dividends and $1.2B in share repurchases returned to shareholders (XBRL).
- Net debt stood at $630M (0.1x EBITDA), indicating strong liquidity and low leverage despite $1.6B in long-term debt (XBRL).
Coterra Energy Incの売上高変化の要因
- •Total revenue for FY2024 reached $9.5B, a 159.2% increase from $3.7B in FY2023. This growth was primarily driven by a 4.7 MMBbl increase in oil production and a 4.1 MMBbl rise in NGL volumes, despite a 28.0 Bcf decline in natural gas production. Historical data shows consistent revenue growth over the past five years, with a 21.5% CAGR. However, segment-specific revenue figures are not disclosed in the XBRL or 10-K filings (XBRL).
Coterra Energy Incの営業利益変化の要因
- •Operating income surged to $5.2B (+233.1% YoY) with a 54.8% operating margin, reflecting strong commodity prices and efficient operations. Net income reached $4.1B (+251.0% YoY) with a 42.7% net margin. EBITDA was $6.8B (71.9% of revenue), indicating healthy profitability. Gross profit data is not available in the XBRL filings (XBRL).
Coterra Energy Incの事業リスクと対応
Commodity price volatility could harm financial stability and reduce production (10-K).
Price declines may force asset write-downs and impair reserves (10-K).
Drilling risks include failure to find productive reservoirs and high costs (10-K).
Operational hazards like explosions, fires, and cybersecurity threats pose risks (10-K).
Geopolitical events, OPEC+ actions, and climate legislation may disrupt operations (10-K).
Regulatory risks include potential limits on LNG exports and climate legislation (10-K).
Coterra Energy Incの今後の見通し・業績予想
Coterra Energy Incの事業内容
Coterra Energy Inc. operates in the upstream oil and gas sector, focusing on exploration, production, and midstream activities. The company's primary products include crude oil, natural gas liquids (NGLs), and natural gas, with operations concentrated in the Permian Basin and other U.S. shale plays. Coterra's competitive position is bolstered by its diversified asset base, efficient operations, and strategic focus on high-margin oil and NGL production. The company's ability to capitalize on commodity price cycles and maintain disciplined capital allocation has driven significant growth in recent years.
Coterra Energy IncのAI業績分析レポート（2024年度）
Coterra Energy Inc. (CTRA) FY2024 Annual Report Analysis
Highlights
Business Overview
Coterra Energy Inc. operates in the upstream oil and gas sector, focusing on exploration, production, and midstream activities. The company's primary products include crude oil, natural gas liquids (NGLs), and natural gas, with operations concentrated in the Permian Basin and other U.S. shale plays. Coterra's competitive position is bolstered by its diversified asset base, efficient operations, and strategic focus on high-margin oil and NGL production.
Revenue Analysis
Total revenue for FY2024 reached $9.5B, a 159.2% increase from $3.7B in FY2023. This growth was primarily driven by a 4.7 MMBbl increase in oil production and a 4.1 MMBbl rise in NGL volumes, despite a 28.0 Bcf decline in natural gas production. Historical data shows consistent revenue growth over the past five years, with a 21.5% CAGR. However, segment-specific revenue figures are not disclosed in the XBRL or 10-K filings (XBRL).
Profitability Analysis
Operating income surged to $5.2B (+233.1% YoY) with a 54.8% operating margin, reflecting strong commodity prices and efficient operations. Net income reached $4.1B (+251.0% YoY) with a 42.7% net margin. EBITDA was $6.8B (71.9% of revenue), indicating healthy profitability. Gross profit data is not available in the XBRL filings (XBRL).
Balance Sheet Analysis
The company maintains a strong balance sheet with a 57.5% equity ratio and a 0.63x debt-to-equity (D/E) ratio. Total assets grew to $20.4B, with total equity reaching $11.7B. Liquidity is robust, with $956M in cash and $2.0B in credit facilities. Net debt is $630M (0.1x EBITDA), highlighting a conservative capital structure. The current ratio of 1.21x suggests adequate short-term liquidity (XBRL).
Cash Flow Analysis
Operating cash flow (OCF) totaled $5.5B, significantly exceeding net income of $4.1B. Free cash flow (FCF) was $3.8B, driven by strong OCF and $1.8B in capital expenditures (CapEx) (10-K). Investing activities included a $1.7B outflow, primarily from CapEx, while financing activities reflected $2.0B in dividends and $1.2B in share repurchases (XBRL).
Working Capital Analysis
The cash conversion cycle (CCC) was 4 days, with receivables days at 32, inventory days at 2, and payables days at 31 (XBRL).
Risks
Outlook
Management expects natural gas prices to remain under pressure, prompting production curtailments. OPEC+ delayed production increases, and acquisitions of FME and Avant are expected to impact future results. No specific forward-looking guidance is quantified in the 10-K text (10-K).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 2.1B | 2.0B | 1.4B | 3.7B | 9.5B | 5.7B |
| Operating Income | 772M | 956M | 296M | 1.6B | 5.2B | 2.2B |
| Net Income | N/A | 681M | 201M | 1.2B | 4.1B | 1.6B |
| Total Assets | 4.5B | 4.5B | 19.9B | 20.2B | 20.4B | 21.6B |
| Total Equity | 2.5B | 2.1B | 2.2B | 2.2B | 11.7B | 12.7B |
| Operating Cash Flow | 1.1B | 1.4B | 778M | 1.7B | 5.5B | 3.7B |
Energyの企業一覧
Coterra Energy Incと同じ「Energy」セクターの企業