Coterra (CTRA)
NYSEEnergyOil & Gas E&pSnapshot 2026-07-07
$32.56-8.62%
Close 2026-05-06 · 1-day change
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Track CTRA free→Coterra aims for $2.35 billion free cash flow in 2026. It plans to spend $2.25 billion on capital projects. The merger with Devon Energy should create $1 billion in synergies. Production guidance supports steady growth.
Earnings missed last quarter by 24%. The merger caused leadership changes. Capital spending discipline is uncertain. Market pullback pressures the stock.
The market is correcting the stock after recent earnings miss. It prices in some merger benefits but also risks from integration and capital spending.
Breaks if: Capital expenditure deviates more than 10% from $2.25 billion in 2026
Adhere to the capital expenditure guidance of $2.25 billion for 2026.
Stated in 3 of last 3 quarters. The company has maintained its capital expenditure guidance at $2.25 billion for 2026. This reflects a consistent focus on disciplined capital investment. The trajectory is delivering as the guidance remains unchanged.
Breaks if: Free cash flow falls below $2 billion in 2026
Aim to achieve a free cash flow target of $2.35 billion for 2026.
Stated in 2 of last 2 quarters. The company expects to achieve a free cash flow of $2.35 billion for 2026. This target aligns with the company's focus on financial strength and shareholder returns. The trajectory is consistent with prior guidance.
Breaks if: Synergies fall short of $1 billion by end of 2026
Focus on completing the merger with Devon Energy to create a leading shale operator.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Guidance: 'Full-year 2026 capital expenditures of $2.25 billion...'”
“Guidance: 'Capital expenditures expected to be around $2.3 billion.'”
“Guidance: 'Capital expenditures guidance maintained at $2.3 billion.'”
“Guidance: 'Expect Free Cash Flow (non-GAAP) of $2.35 billion.'”
“Guidance: 'Free Cash Flow target set at $2.35 billion.'”