Coterra Energy Inc. (CTRA) Q4 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.575 Today's prepared remarks will include an overview from Tom Jordan, Chairman, CEO, and 00:00:04.575 -- 00:00:10.060 President, Shane Young, Executive Vice President and CFO, and Blake Sergo, 00:00:10.060 -- 00:00:15.025 Senior Vice President of Operations. Michael DeShazer, Senior Vice President of Business 00:00:15.025 -- 00:00:17.847 Units, is also in the room to answer questions. 00:00:17.847 -- 00:00:22.391 Following our prepared remarks, we will take your questions during our Q&A session. 00:00:22.391 -- 00:00:26.255 As a reminder, on today's call, we will make forward-looking statements based on our 00:00:26.255 -- 00:00:31.203 current expectations. Additionally, some of our comments will reference non-GAAP financial 00:00:31.203 -- 00:00:35.947 measures. Forward-looking statements and other disclaimers, as well as reconciliations 00:00:35.947 -- 00:00:40.391 to the most directly comparable GAAP financial measures, were provided in our earnings 00:00:40.391 -- 00:00:44.535 release and updated investor presentation, both of which can be found on our website. 00:00:44.535 -- 00:00:47.778 With that, I'll turn the call over to Tom. 00:00:47.778 -- 00:00:51.541 Thank you, Dan, and welcome to everyone joining us this morning. 00:00:51.541 -- 00:00:56.393 We're pleased to discuss our fourth quarter and full year 2024 results. 00:00:56.393 -- 00:01:01.462 our plans for 2025, and our updated three-year outlook. 00:01:01.462 -- 00:01:04.748 First, Cotera had an excellent fourth quarter. 00:01:04.748 -- 00:01:09.536 We achieved production levels above the high end of our guidance range for oil and natural 00:01:09.536 -- 00:01:14.505 gas, with capital expenditures coming in near the low end of our guidance. 00:01:14.505 -- 00:01:19.674 W...