Coterra Energy Inc. (CTRA) released a profit for its first quarter that increased from last year in line with the Street estimates.
The company's bottom line totaled $516 million, or $0.68 per share. This compares with $352 million, or $0.47 per share, last year.
Excluding items, Coterra Energy Inc. reported adjusted earnings of $608 million or $0.80 per share for the period.
Analysts on average had expected the company to earn $0.80 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 32.9% to $1.904 billion from $1.433 billion last year.
Coterra Energy Inc. earnings at a glance (GAAP) :
-Earnings: $516 Mln. vs. $352 Mln. last year.
-EPS: $0.68 vs. $0.47 last year.
-Revenue: $1.904 Bln vs. $1.433 Bln last year.
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