Coterra Energy, Inc. (NYSE:CTRA) Q3 2024 Earnings Conference Call November 1, 2024 9:00 AM ET
Company Participants
Tom Jorden - Chairman, Chief Executive Officer, President
Shane Young - Executive Vice President, Chief Financial Officer
Blake Sirgo - Senior Vice President of Operations
Dan Guffey - Vice President of Finance, Investor Relations, Treasury
Conference Call Participants
Doug Leggate - Wolfe Research
Arun Jayaram - JPMorgan
Nitin Kumar - Mizuho
Neal Dingmann - Truist Securities
Kalei Akamine - Bank of America
Scott Gruber - Citi
Matt Portillo - TPH
Leo Mariani - ROTH Capital Partners
Charles Meade - Johnson Rice
Paul Cheng - Scotiabank
Operator
Good morning. My name is Audra, and I will be your conference operator today. At this time, I would like to welcome everyone to the Coterra Energy Third Quarter 2024 Earnings Conference Call. Today’s conference is being recorded. All lines have been placed on mute to prevent any background noise. [Operator Instructions]
At this time, I would like to turn the conference over to Dan Guffey, Vice President of Finance, Investor Relations and Treasurer. Please go ahead.
Dan Guffey
Thank you, Operator Good morning and thank you for joining Coterra Energy's third quarter 2024 earnings conference call. Today's prepared remarks will include an overview from Tom Jorden, Chairman, CEO and President; Shane Young, Executive Vice President and CFO; and Blake Sirgo, Senior Vice President of Operations. Following our prepared remarks, we will take your questions during our Q&A session
As a reminder, on today's call, we will make forward-looking statements based on current expectations. Additionally, some of our comments will reference non-GAAP financial measures. Forward-looking statements and other disclaimers, as well as reconciliations to the most directly comparable GAAP financial measures, were provided in our earnings release and updated investor presentation, both of which can be found on our website.
With that, I'll turn the call over to Tom.
Tom Jorden
Thank you Dan and welcome to all of you who are joining our call this morning. As you saw from our release last night, Coterra had an excellent third quarter. Our volumes for oil, gas and barrel of oil equivalent came in above the high end of our guidance with capital coming in below the low end of our guidance range. Furthermore, we raised our production guidance and lowered our capital guidance for the full year. We expect 2024 to be our third consecutive year of delivering differentiated organic oil growth.