Coterra Energy Inc.

CTRA

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

5,461

Cost of Revenue

3,770

Gross Profit

1,691

Gross Margin

31.0%

Operating Income

1,389

Operating Margin

25.4%

Net Income

1,121

Net Margin

20.5%

EPS (Basic)

$1.51

EPS (Diluted)

$1.51

EBITDA

3,296

EBITDA Margin

60.4%

2023

12/31/2023

Revenue

5,684

Cost of Revenue

3,481

Gross Profit

2,203

Gross Margin

38.8%

Operating Income

1,924

Operating Margin

33.8%

Net Income

1,625

Net Margin

28.6%

EPS (Basic)

$2.14

EPS (Diluted)

$2.13

EBITDA

3,842

EBITDA Margin

67.6%

2022

12/31/2022

Revenue

9,514

Cost of Revenue

3,445

Gross Profit

6,069

Gross Margin

63.8%

Operating Income

5,742

Operating Margin

60.4%

Net Income

4,065

Net Margin

42.7%

EPS (Basic)

$5.10

EPS (Diluted)

$5.08

EBITDA

6,874

EBITDA Margin

72.3%

2021

12/31/2021

Revenue

3,670

Cost of Revenue

1,613

Gross Profit

2,057

Gross Margin

56.0%

Operating Income

1,893

Operating Margin

51.6%

Net Income

1,158

Net Margin

31.6%

EPS (Basic)

$2.30

EPS (Diluted)

$2.29

EBITDA

2,257

EBITDA Margin

61.5%

2020

12/31/2020

Revenue

1,405

Cost of Revenue

1,065

Gross Profit

340

Gross Margin

24.2%

Operating Income

235

Operating Margin

16.7%

Net Income

201

Net Margin

14.3%

EPS (Basic)

$0.50

EPS (Diluted)

$0.50

EBITDA

690

EBITDA Margin

49.1%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	5,461	5,684	9,514	3,670	1,405
Cost of Revenue	3,770	3,481	3,445	1,613	1,065
Gross Profit	1,691	2,203	6,069	2,057	340
Gross Margin	31.0%	38.8%	63.8%	56.0%	24.2%
Operating Income	1,389	1,924	5,742	1,893	235
Operating Margin	25.4%	33.8%	60.4%	51.6%	16.7%
Net Income	1,121	1,625	4,065	1,158	201
Net Margin	20.5%	28.6%	42.7%	31.6%	14.3%
EPS (Basic)	$1.51	$2.14	$5.10	$2.30	$0.50
EPS (Diluted)	$1.51	$2.13	$5.08	$2.29	$0.50
EBITDA	3,296	3,842	6,874	2,257	690
EBITDA Margin	60.4%	67.6%	72.3%	61.5%	49.1%