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Coterra posts surge in second-quarter profit

08/02/2022

Less than a minute

2022.08.02 23:26

Coterra posts surge in second-quarter profit
FILE PHOTO: Coterra Energy’s logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) – U.S. shale producer Coterra Energy (NYSE:CTRA) Inc on Tuesday reported a surge in second-quarter profit, helped by higher crude prices.

Net profit came in at $1.23 billion, or $1.53 a share, in the quarter ended June 30, compared with $30 million, or 8 cents per share, a year ago.

08/02/2022

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