![]() ![]() But with investors looking ahead to 2023, Coterra and Pioneer could both see their stock prices come under pressure over concerns about lower dividends on a sequential basis and higher capital expenditures in 2023 - as was the case with Club holding Devon Energy (DVN) last week. Bottom line Solid production and pricing, coupled with low costs, helped both companies deliver fourth-quarter results ahead of expectations. Note : Both companies are scheduled to host their earnings conference calls with analysts and investors Thursday at 10:00 a.m. Pioneer's adjusted diluted EPS grew 29% on an annual basis, to $5.91 a share, topping expectations for EPS of $5.77, Refinitiv data showed. Pioneer's total revenue increased 18% year-over-year, to $5.10 billion, beating analysts' forecasts of $3.53 billion, according to Refinitiv. Coterra's adjusted diluted earnings-per-share (EPS) grew 40% compared with the year prior, to $1.16 a share, narrowly beating expectations for EPS of $1.10, Refinitiv data showed. Coterra's total revenue increased 2.5% year-over-year, to $2.28 billion, beating analysts' forecasts of $2.11 billion, according to estimates compiled by Refinitiv. But we'll be watching for how the market responds to higher capital expenditure outlooks and lower quarterly dividends for both of these Texas-based oil-and-gas firms. Club holdings Coterra Energy (CTRA) and Pioneer Natural Resources (PXD) delivered fourth-quarter earnings beats Wednesday. ![]()
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