Coterra Energy slips after Q2 profit drops with natural gas prices (NYSE:CTRA)

Fracking Drill Rig at Sunset


Fracking Drill Rig at Sunset

sasacvetkovic33/E+ via Getty Images

Coterra Energy (NYSE:CTRA) -1.6% post-market Monday after reporting better than expected Q2 adjusted earnings that fell sharply alongside natural gas prices from the year-earlier quarter.

Q2 net income fell to $209M, or $0.28/share, from $1.23B, or $1.53/share, in the prior-year period, while operating revenues sank 53% Y/Y to $1.185B and free cash flow

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