Coterra Energy Inc. Q3 Profit Increases, But Misses Estimates

(RTTNews) - Coterra Energy Inc. (CTRA) announced a profit for its third quarter that Increased from last year but missed the Street estimates.

The company's earnings came in at $322 million, or $0.42 per share. This compares with $252 million, or $0.34 per share, last year.

Excluding items, Coterra Energy Inc. reported adjusted earnings of $312 million or $0.41 per share for the period.

Analysts on average had expected the company to earn $0.43 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 33.7% to $1.817 billion from $1.359 billion last year.

Coterra Energy Inc. earnings at a glance (GAAP) :

-Earnings: $322 Mln. vs. $252 Mln. last year. -EPS: $0.42 vs. $0.34 last year. -Revenue: $1.817 Bln vs. $1.359 Bln last year.