Coterra
0.0 %
14.33 %
Yet to be announced
Company Overview
Coterra Energy engages in the development, exploration and production of oil, natural gas, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 177,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania. As of December 31, 2021, it had proved reserves of approximately 2,892,582 thousand barrels of oil equivalent.
Revenue Sources
Based on review of Coterra's SEC filings and financial statements, the company's revenue is primarily derived from the exploration, production, and sale of oil, natural gas, and natural gas liquids. These activities are permissible from an Islamic finance perspective as they involve the exchange of real assets and commodities. The company does not derive significant revenue from prohibited activities such as gambling, alcohol, or other haram sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $1.36b | $1.06b | - | $24.0m | 0.00% | 2.27% |
| June 30, 2024 | $1.27b | $1.01b | - | $34.0m | 0.00% | 3.37% |
| March 31, 2024 | $1.43b | $1.01b | - | $19.0m | 0.00% | 1.88% |
| Dec. 31, 2023 | $1.6b | $1.04b | - | $23.0m | 0.00% | 2.21% |
Analysis of the last four quarters shows interest expenses of $24M, $34M, $19M, and $23M against total expenses of $1,056M, $1,009M, $1,012M, and $1,042M respectively. The interest expense to total expense ratios remain consistently below 5% across all quarters, indicating interest plays a minor role in the company's operations.
Operational Ethics
Based on review of public information, SEC filings, and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily focused in the United States, with no significant presence or partnerships in regions of concern.
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