Why These Energy Stocks Are Losing This Week

8. Coterra Energy Inc. (NYSE:CTRA)

Share Price Decline Between Apr. 30 – May. 7: 7.98%

Coterra Energy Inc. (NYSE:CTRA) is a premier, diversified energy company that engages in the exploration, development, and production of oil, natural gas, and NGLs in the United States.

Coterra Energy Inc. (NYSE:CTRA) reported a mixed performance for its Q1 2025 this week. The company’s adjusted EPS of $0.8 was in line with market expectations, with its net income rising by 46.6% YoY to $516 million. However, the company’s revenue of $1.9 billion fell below estimates by $123.54 million, despite being up by almost 33% YoY. Moreover, the company has stated that it would lower its annual capital expenditure budget due to macroeconomic uncertainty. The firm adjusted its 2025 capex budget to a range of $2 billion to $2.3 billion, down from its previous forecast of $2.1 billion to $2.4 billion.

Despite the recent downturn, Coterra Energy Inc. (NYSE:CTRA) is included among the Top 15 Energy Companies With the Highest Upside Potential.