
Anker SOLIX flash sale takes 55% off power stations, Lectric XPedition 1.0 and XPeak 1.0 e-bikes with free gear at new $1,099 lows, more
More Videos
Published
2 months agoon
By
admin
Today’s Green Deals are headlined by Anker’s SOLIX weekend flash sale that is taking up to 55% off a selection of power station units through March 9, with the expandable and versatile F3800 Portable Power Station getting a notable drop to $2,599, among others. Next, we have Lectric’s latest closeout sales on the XPedition 1.0 Cargo and XPeak 1.0 Off-Road e-bikes that are coming with up to $455 in free gear and getting price cuts to new lows starting from $1,099. We also have some EGO Power+ tool discounts, led by the 56V two-tool combo kit that includes a 15-Inch Cordless POWERLOAD String Trimmer and a 615 CFM Leaf Blower at $230. Lastly, there’s Hoverfly’s X3 and X5 Electric Scooters that are hitting new low prices starting from $340. Plus, all the other hangover Green Deals are in the links at the bottom of the page, like yesterday’s Velotric Spring Sale savings, and more.
Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.
Anker SOLIX weekend flash sale drops expandable F3800 3,840Wh LiFePO4 power station to $2,599
Anker SOLIX has launched a limited weekend flash sale through March 9 that is taking up to 55% off a selection of power stations while also running alongside the early-bird benefits for its soon-to-be-released F3800 Plus Power Station, which you can learn about here. Due to this, we’re seeing the standard SOLIX F3800 Portable Power Station dropping much lower than we usually see it direct from Anker, currently down to $2,599 shipped. This unit would normally cost you $3,999 at full price, with sales usually only dropping costs down to around $2,999. Outside of the two times we secured exclusive $2,099 lows from Wellbots, we’ve only ever seen it drop lower to $2,399 back during Cyber Monday. You’re looking at the second-lowest price we have tracked from Anker, and the third-lowest overall, which saves you a solid $1,400 on a unit that can cover campsites, road/RV trips, and home backup.
This is currently Anker’s most versatile power station model that also sports the largest battery, which even expands upwards. The SOLIX F3800 provides you with a LiFePO4 capacity of 3,840Wh that can be upped to as much as 26.9kWh with the addition of expansion batteries. It delivers juice to your devices and appliances at up to 9,000W when surging (6,000W normally) through its 15+ output options – which include dedicated hook-ups for your RV, EV, and even your home’s circuit breaker (though this last option requires a Home Backup Kit for sectional support or the newer Home Power Panel for whole-home coverage, as well as connections with your roof panels). Alongside the typical AC input for charging, you can also connect up to a 2,400W solar input, which refills 80% of the battery in 1.5 hours.
Advertisement – scroll for more content
Anker SOLIX weekend flash sale F3800 bundles:
- F3800 with home backup kit: $3,099 (Reg. $4,598) | $400 more at Amazon
- F3800 with smart home power kit: $3,399 (Reg. $5,237) | No price cut at Amazon
- F3800 (7,680Wh) with expansion battery: $3,999 (Reg. $6,498) | $700 more at Amazon
- Two F3800s (7,680Wh) with smart home power kit: $5,599 (Reg. $9,335) | No price cut at Amazon
Other Anker SOLIX weekend flash sale deals:
Be sure to also check out all the ongoing power deals that are running alongside Anker’s SOLIX weekend flash sale, which you can browse in full on the landing page here. At Amazon, you can currently find Anker’s PowerCore Reserve 60,000mAh Power Bank Station back at $90 right now, or you can grab the upgraded SOLIX C200 60,000mAh Power Bank Station at its $100 low.

Lectric clears out XPedition 1.0 and XPeak 1.0 e-bikes with free gear and price cuts starting from new $1,099 lows
Lectric is offering two different closeout sales on its XPedition 1.0 and XPeak 1.0 e-bikes, complete with price cuts and bundle packages. The newest of these clearance savings are on the XPedition 1.0 Cargo e-bikes, with the single-battery model down at $1,099 shipped and coming with $336 in free gear, while the dual-battery model is down at $1,399 shipped and coming with $455 in free gear. Originally priced at $1,399 and $1,699, respectively, this is some significant savings which we haven’t seen before – especially with these models hitting new all-time low prices.
Lectric’s Xpedition 1.0 Cargo e-bikes may not be the new 2.0 models with their upgraded features and expanded capabilities, but they still offer solid cargo hauling support – especially with this price cut we’re seeing. They sport a 750W rear hub motor (peaking at 1,310W) that provides up to 20 MPH speeds when only using the throttle and up to 28 MPH top speeds when utilizing the five levels of PAS (as long as your state laws allow it). The standard single battery model boasts an impressive travel range up to 75 miles, or you can increase the range up to 150 miles by purchasing the dual-battery model.
Aside from the add-on gear you get from the bundled items, this e-bike comes pre-stocked with custom puncture-resistant tires, hydraulic mineral oil brakes paired with 180mm rotors, a headlamp, taillights, fenders over both wheels, and a backlit LCD display. Something to note here is that the e-bike is rated for a total 450-pound payload (with max rider weight being 330 pounds), meaning someone like me who’s 135 pounds can have another person (or multiple kids even) up to 315 pounds ride along too.

We’re also seeing a changeup on the XPeak 1.0 Off-Road Step-Thru e-bike, starting with a price cut to the new $1,099 low and coming with $227 in free gear. Though it’s no longer accompanied by the free extra battery that its earlier closeout deal offered, you’re still getting a solid ride that can carry you up to 55 miles on one charge thanks to the semi-integrated 14Ah battery. You’ll be cruising at the same speeds as the above models, with its top 28 MPH speeds available when using the five PAS levels (depending on your local laws).
Like the above cargo models, there are some reliable features here you wouldn’t expect for their original price, with 4-inch puncture-resistant fat tires, hydraulic mineral oil brakes, a 7-gear Shimano derailleur, removable pedals, a thru axle wheel attachment system for tool-free installations, kickstand, a hidden cable routing system, an IP65 water-and-dust-resistant LCD display, and several mounting points for any additional add-on accessories you may want to install down the line.
Now if you instead want the latest and greatest of these two models, you’ll find the 2.0 versions of these e-bikes getting some solid savings during Lectric’s Spring Sale, with the XPedition 2.0 26Ah Dual-Battery model getting a fully-loaded $762 bundle package at $1,799 – the biggest we’ve seen on it to date, among others.

Prep for spring with EGO’s 56V 15-inch cordless POWERLOAD string trimmer & 615 CFM blower combo at $230
Amazon is now offering the EGO Power+ 56V 15-Inch Cordless POWERLOAD String Trimmer & 615 CFM Blower Combo Kit for $229.99 shipped. This bundle normally goes for $329 at full price, with recent discounts since the summer only taking costs down to $249, though we did spy it dropping lower to $229 back in May and June (which hasn’t appeared again since). Today’s deal comes in with a 30% markdown, slashing $99 off the tag and landing it down at the second-lowest price we have tracked – only $1 above the all-time low from last summer.
With spring quickly approaching, this EGO bundle is a solid choice to prepare for your lawn’s upcoming trimming and debris-clearing needs, complete with a 2.5Ah ARC battery and charger to keep it all running should this be your first investment into this brand. The 15-inch string trimmer can provide up to 45 minutes of runtime with the battery and features POWERLOAD tech, giving you easier line feeding with the simple press of a button, as well as a telescopic shaft. The leaf blower, on the other hand, delivers 75 minutes of runtime, with a variable speed control dial for 200 to 480 CFM that boosts to 615 after activating the turbo mode.
Other notable EGO Power+ deals:
If you’re also looking to upgrade to a new mower, we spotted a few solid options from EGO that are going right now, like the 56V 21-inch Cordless Self-Propelled model that comes with two 6.0Ah batteries for a 100-minute runtime still sitting at its new $700 low. There’s also the 42-inch and 52-inch Z6 ZTR Electric Riding Mowers are currently $1,000 off and start from $4,999.

Get up to 18 or 25 miles of travel at 20 MPH top speeds on Hoverfly’s X3 and X5 e-scooters at new lows from $340
Amazon is now offering the Hoverfly X3 Electric Scooter for $339.60 shipped. This newer commuting model hit the market in November carrying a $450 price tag, which it’s coming down from thanks to the 25% markdown today. We saw it fall to $366 during Black Friday, dropping lower to $360 during Christmas sales before keeping above $400 at the start of the new year. We saw it fall previously to $340, which is getting etched out by $0.39 here at a new all-time low price. You’ll also find it matching in price direct from Hoverfly’s website.
A solid means to get through life’s commutes around town while keeping on a budget, Hoverfly’s X3 e-scooter houses a 7.8Ah battery that provides you with 18 miles of travel on one full charge. There are two speed modes here to utilize – the first of them letting you reach 15.5 MPH while the other bumps thing to the maximum 20 MPH top speed. The 500W motor, along with providing some substantial speeds over other budget models, also tackles up to 15% inclines – there’s even a walk assist mode for when you’re caught off guard by a dead battery or inclines get to be too steep. Your ride is also smoothed out thanks to the dual suspension and honeycomb solid tires, with it also featuring a headlight, a tailight, and a built-in digital code lock for when it’s not in use.
If you want to score a little more range, the upgraded X5 Electric Scooter is also hitting a new all-time low price of $386.99 shipped. Still boasting the same features and a 500W motor, the difference here is that this model comes with a larger 12Ah battery that provides an extended 25 miles of travel on one charge.
Best New Year EV deals!
- Lectric ONE Long-Range e-bike with $467 bundle: $2,399 (Reg. $2,507)
- Lectric XPedition 2.0 35Ah Cargo e-bike w/ $654 bundle: $1,999 (Reg. $2,741)
- Lectric XPedition 2.0 26Ah Cargo e-bike w/ $762 bundle: $1,799 (Reg. $2,561)
- Lectric XPeak 2.0 Long-Range Off-Road e-bike w/ $562 bundle: $1,699 (Reg. $2,261)
- Rad Power RadRunner 3 Plus Utility e-bike (new low): $1,699 (Reg. $2,199)
- Aventon Level 2 Step-Over Commuter e-bike: $1,599 (Reg. $1,899)
- Aventon Level 2 Step-Through Commuter e-bike: $1,599 (Reg. $1,899)
- Aventon Pace 500.3 Step-Over e-bike with free extra battery: $1,599 (Reg. $1,799)
- Aventon Pace 500.3 Step-Through e-bike with free extra battery: $1,599 (Reg. $1,799)
- Heybike ALPHA All-Terrain e-bike (new model): $1,599 (Reg. $1,699)
- Tenways CGO600 Pro belt-drive e-bike with $118 bundle: $1,499 (Reg. $1,899)
- Rad Power RadCity 5 Plus Commuter e-bike with free extra battery: $1,499 (Reg. $1,699)
- Rad Power RadTrike Electric Tricycle: $1,499 (Reg. $1,699)
- Rad Power RadWagon 4 Cargo e-bike: $1,499 (Reg. $1,799)
- Velotric 2024 Nomad 1 Plus All-Terrain e-bike with $134 bundle: $1,399 (Reg. $1,799)
- Lectric XPeak 2.0 Standard Off-Road e-bike with $316 bundle: $1,399 (Reg. $1,715)
- Lectric XPeak 1.0 Step-Thru e-bike with $727 bundle (extra battery): $1,399 (Reg. $2,126)
- Lectric XPedition 2.0 13Ah Cargo e-bike with $326 bundle: $1,399 (Reg. $1,813)
- Lectric XPedition 1.0 Dual Battery Cargo e-bike with $455 bundle (new low): $1,399 (Reg. $2,154)
- Tenways CGO600 Pro chain-drive e-bike with $118 bundle (new low): $1,299 (Reg. $1,899)
- Rad Power RadRunner Plus Utility e-bike (new low): $1,299 (Reg. $1,799)
- Rad Power RadExpand 5 Folding e-bike: $1,299 (Reg. $1,599)
- Velotric T1 ST Plus Lightweight e-bike with $120 bundle: $1,299 (Reg. $1,549)
- Velotric Discover 1 Plus Step-Thru Commuter e-bike with $120 bundle: $1,199 (Reg. $1,599)
- Lectric XP 3.0 Long-Range e-bikes with $514 bundle: $1,139 (Reg. $1,653)
- Heybike Hauler Cargo e-bike with large rear basket (new low): $1,199 (Reg. $1,499)
- Lectric XPeak 1.0 Off-Road e-bike with $227 bundle (new low): $1,099 (Reg. $1,626)
- Lectric XPedition 1.0 Single-Battery Cargo e-bike with $336 bundle (new low): $1,099 (Reg. $1,735)
- Rad Power RadRunner 2 Utility e-bike (new low): $999 (Reg. $1,499)
- Aventon Soltera.2 Urban Commuter e-bike: $999 (Reg. $1,199)
- Lectric XP 3.0 Standard e-bikes with $454 bundle: $999 (Reg. $1,453)

Best new Green Deals landing this week
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.
- EcoFlow’s Spring Sale drops DELTA 2 bundle with two 100W panels and alternator charger to new $854 low (Reg. $1,997), more
- Lectric’s Spring Forward sale offers fully-loaded $762 bundle with its XPedition 2.0 26Ah dual-battery cargo e-bike at $1,799
- Go anywhere on Velotric’s 2024 Nomad 1 Plus all-terrain fat tire e-bike with free gear at $1,399 (Reg. $1,799), more
- Jackery’s two-pound Explorer 100 Plus 99Wh LiFePO4 power station returns to its $89 low (Reg. $149), more from $169
- Anker’s PowerCore Reserve 60,000mAh power bank station only adds five pounds to your bag at $90 (Reg. $150)
- Autel’s 40A MaxiCharger AC Lite Home level 2 EV charger comes with a NEMA 14-50 plug and AI assistant for $399 low (Reg. $470)
- Greenworks’ 24V 8-inch cordless electric pole saw and 20-inch pole hedge trimmer combo falls to $161 (Reg. $210), more
- Gain autonomous lawncare with Segway’s Navimow H series robot mowers at $600 off from $1,299 low (Reg. $1,899+)
- Electrified Weekly – Rad Power RadRunner, RadCity, and RadTrike e-bikes from $999, Exclusive power station savings, more
FTC: We use income earning auto affiliate links. More.
You may like
Environment
BYD takes the spotlight in the heart of Europe after sales surge by +750% in April
Published
19 mins agoon
May 6, 2025By
admin

China’s EV leader is quickly making a name for itself in Europe. In April, BYD outsold Tesla in Germany and the UK as sales surged in the region. With new models on the way, this looks to be just the start of BYD’s global sales run.
BYD sales outpace Tesla in Germany and the UK in April
BYD is like a freight train right now. There’s no slowing its roll. The company sold over 380,000 new energy vehicles (NEVs) last month, up 21% from April 2024.
Like most Chinese automakers, BYD reports NEV sales, or electric (EV) and plug-in hybrid (PHEV) vehicles. Since it stopped making gas-powered cars in 2022, BYD has focused entirely on EVs and PHEVs. So far, it has paid off.
For the first time in over a year, BYD’s electric vehicles outsold its plug-in models. Last month, the company sold over 195,000 electric cars (+45% YOY) and nearly 176,000 (+0%) PHEVs.
Advertisement – scroll for more content
Although its EVs got most of the attention, BYD sold over 79,000 vehicles overseas last month, its fifth straight month of growth. Through April, the company has sold over 285,000 vehicles in overseas markets, more than doubling from last year.

According to the latest sales numbers released by the German federal road traffic agency, KBA, BYD even outsold Tesla in Germany, Europe’s largest auto market.
BYD sold 1,566 vehicles in Germany last month, an over eightfold (+756%) increase from April 2024. In comparison, Tesla’s sales fell 46% with just 855 cars sold in Germany last month.

Closing the gap in Europe
Through the first four months of 2025, BYD sold 2,791 vehicles (+385%) in Germany, while Tesla remains ahead at 5,820 (-60%).
And it’s not just in Germany. BYD outsold Tesla in the UK last month as well. Data from SMNT shows BYD sold 2,511 vehicles in April 2025. Tesla only sold 512 vehicles in the UK last month.

BYD is quickly closing in on Tesla in the UK. Through April, BYD sold 11,782 vehicles while Tesla’s sales reached 12,986 vehicles.
Will China’s EV leader overtake Tesla in Europe? With several new vehicles rolling out, BYD is poised to see even more demand later this year. After launching its luxury Denza brand last month, BYD’s cheapest EV, the Seagull, is set to arrive later this year.

BYD will launch the low-cost EV later this year in Europe under the name Dolphin Surf with prices starting under £20,000 ($26,000). In China, the Seagull starts at under $10,000 (69,800 yuan) and was BYD’s top seller last month with over 55,000 units sold.
According to forecasts from S&P Global Mobility, BYD’s sales are expected to double in Europe from 83,000 last year to 186,000 in 2025. By 2029, that number could reach upwards of 400,000.
As it looks to drive growth this year, BYD is aggressively expanding overseas. BYD’s fourth car transport ship, the “BYD Shenzhen,” officially set sail last week with enough room for 9,200 vehicles. It is now the world’s largest.
FTC: We use income earning auto affiliate links. More.
Environment
Game-changing Lectric XP4 next-gen electric bike launched, shocking industry once again
Published
35 mins agoon
May 6, 2025By
admin

In true Lectric style, North America’s largest e-bike company just unveiled the latest generation of its best-selling electric bike in a high-energy, adrenaline-fueled product launch this morning. The Lectric XP4 is the newest generation of the ultra-popular e-bike line, and once again brings a shocking level of upgrades at price points never before seen in the industry.
To put it simply, Lectric has done it again; they’ve absolutely crushed it and set a new high watermark for value in the US folding e-bike market.
The XP line is the best-selling electric bike in the US, so this was bound to be a hotly-anticipated launch. With roughly 1 out of every 10 electric bikes sold in the US being a Lectric XP (out of many hundreds of models available in the market), any new launch in the product line was set to grab eyeballs. And despite the extremely high expectations, Lectric appears to have risen to not only meet them but likely exceed what most could have expected at this price point.
The launch of the new XP4 actually includes a pair of launches, with the base 500W model offering the same $999 price tag we’ve come to know ever since the XP 2.0 days. A new long-range XP4, which swaps the 10.4Ah battery for a massive 17.5Ah battery and upgrades the motor to 750W, bares only a slightly higher $1,299 price tag.
Advertisement – scroll for more content
“Because this model is so important to us and our riding community, we were determined to hold the line on price,” said Lectric eBikes co-founder and CEO Levi Conlow. “While other e-bike companies continue to raise prices and launch new products at higher price points, we know riders are going to appreciate Lectric going against the grain and making huge improvements for the same entry price we set more than four years ago.”
Levi isn’t paying lip service there, either. Both models share a number of key upgrades covering everything from the hardware design to the included componentry, and even the riding feel.

Both models include a new in-house designed torque sensor, offering smoother and more responsive pedal assist across the full range of power levels. A new 56-tooth chainring is larger and provides a more comfortable pedal cadence at higher speeds, meaning those taking advantage of the Class 3-capable 28 mph (45 km/h) speed can do so without their feet needing to spin uncomfortably fast.
The handlebars now feature an upgraded TFT color display with a built in USB-C port for phone and device charging. Having personally tested the e-bike yesterday, I can attest to just how beautifully designed the TFT screen truly is, providing much more information to the rider yet in a neatly laid out way that keeps it clear and easy to read, even in bright sunlight.
My full first ride experience will be coming soon, but first let’s continue with what makes these models so new and innovative.
The frame has been redesigned with a novel rack setup, a larger main frame tube to accommodate the longer-range battery, and a new handlebar stem that provides a more comfortable reach in the cockpit. That rear rack adds to both the bike’s appearance and utility, providing a color and styling accent but also offering more compatibility for accessories mounted to its round tubes while still maintaining the boxier tubes consistent with the design legacy across the XP models’ successive frames.

New hydraulic disc brakes were developed specifically for Lectric and provide punchier stops than the previous version’s hydraulic disc brakes. The brakes’ model number of 602 even pays subtle homage to the area code in Phoenix, Lectric’s headquarters.
The transmission also received an upgrade, with the lower tier 7-speed Tourney derailleur getting replaced with a step up in Shimano’s hierarchy to an 8-speed Altus.
Other hardware improvements on the bike include the quick-release pedals, which have been redesigned, increasing the quality and making them easier to use. The new derailleur is matched with new trigger shifters on the right side of the handlebars paired with Lectric’s upgraded locking ergonomic bar ends. The new shifters and bar ends required a new throttle though, resulting in an updated left-side paddle-style thumb throttle.
The lighting on the XP4 has also been upgraded, now including rear turn signals.




The keyway for locking the battery has been relocated to the non-drive side of the main tube, making it easier to access, and is located next to a newly designed cover for the charging port and on/off button for the battery.
Like all of Lectric’s e-bikes, the XP4 is compliant with UL2849, and the two battery sizes are both compatible with a 5A fast charger that provides a full recharge in either 2 or 3.5 hours for the smaller or larger battery option.
New 20×3.0 tires include a mixed-terrain tread with a novel design that creates a smoother center patch for quieter riding on smooth surfaces like asphalt but retains enough knobbiness on the edges for better grip in off-road riding conditions. The tires’ quiet ride has been specifically designed to complement the ultra-quiet Stealth motor that Lectric has brought from its other models to the new XP4.
Unlike the XP 3.0 that had previously been available in just white or black, the new XP4 comes in multiple color options, a nod to customers who often asked the company for more variety in colorways. The XP4 now includes color options of Stratus White, Tempest Gray, Raindrop Blue, and Pine Green. The bike is also available in two frame styles of standard and step-over.
Pre-orders are now open for the XP4, priced at either $999 or $1,299 for the 500W and 750W versions, with shipping expected to begin next month.


Electrek’s Take
It’s hard to overstate how big of a deal the XP4’s launch is, especially considering that the starting price has remained the same affordable $999. At a time when tariffs are forcing other companies to increase prices, the XP4 stands head and shoulders above other folding e-bikes in the US market, not just on price but also on features.
If you take the $1,299 long-range version with the 750W motor and 840Wh battery, it’s easy to see how far ahead it is of the competition. If the only thing Lectric had done was put that big battery and torque sensor in it, the bike already would have surpassed any other leading brand’s folding e-bike on value. There just isn’t another torque sensor-based 840Wh folding e-bike out there at this price point. But then Lectric went so much further. All of the additions are like a mountain of cherries on top of an already alluring XP4 sundae. From the beautiful new TFT display to the super punchy new brakes, from the upgraded derailleur to the quieter tires and motor, from the easy-to-use quick-release pedals to the improved ergonomics of the handlebars – it’s just more heaped on top of more.
The one feature I wish they would have included would have been Apple FindMy integration to allow for easy tracking of a lost or stolen e-bike. Trust me, I tried to plant the bug in Lectric co-founder and Chief Innovation Officer Robby Deziel’s ear, but to no avail. Oh well, maybe but there’s still hope for including location tracking on the XP5.
There’s one thing for sure though: Everyone else is still competing for second place against Lectric. That’s nothing new, but now the gap between Lectric and others has continued to grow. There was already no better option when it comes to bang-for-your-buck in the folding e-bike space, and now Lectric has grown that value gap even further.

FTC: We use income earning auto affiliate links. More.
Environment
These are the 3 things driving Coterra’s sell-off — and how we’re viewing the stock now
Published
2 hours agoon
May 6, 2025By
admin
Coterra Energy is cutting back on its oil drilling in response to sagging crude prices and spending more on natural gas production — but that move, announced alongside first-quarter results, is being overshadowed by some operational concerns and leading to a stock sell-off Tuesday. Revenue in the first quarter increased 33% year over year to $1.9 billion, short of the $1.97 billion consensus estimate, according to LSEG. Adjusted earnings per share of 80 cents in the three months ended March 31 matched expectations, LSEG data showed. On an annual basis, adjusted EPS increased 56.9%. Free cash flow of $663 million topped estimates of $596 million, according to FactSet. Bottom line We have long coveted Coterra’s mix of oil and natural gas assets because it gives the company flexibility to respond to inherently volatile commodity prices. Our biggest takeaway from Coterra’s late Monday release and Tuesday morning conference call: That flexibility is being put to serious use in the current unfavorable oil market. But even if we support that move in principle, some operational issues in a certain part of the company’s Texas acreage are getting a lot of attention and are likely among the biggest drivers of the steep 8.5% stock decline. CTRA YTD mountain Coterra YTD While executives did a good job explaining their plan to fix the issue on Tuesday’s earnings call — and making it clear that they do not believe it is a structural problem with the quality of inventory — we’re not in a hurry to step in and take advantage of this sell-off. Coterra is still worth owning as our only oil-and-gas play, providing a solid dividend payout, acting as a geopolitical hedge and offering some exposure to long-term trends that could drive increased natural gas demand such as artificial intelligence computing and growing U.S. exports of liquified natural gas. But in the near term, the stock may struggle to gain traction. We’re reiterating our hold-equivalent 2 rating , but lowering our price target to $28. Commentary There are three main themes from Coterra’s earnings report — and none of them really have to do with the actual first-quarter results, which, as the chart above shows, were mixed. Not that bad, but also not exceptional. 1. Macro landscape The first area of discussion is around the macro landscape and Coterra’s decision to spend less on oil. Coterra and its American oil-producing brethren are confronting a difficult setup, thanks to a steep decline in crude prices over the past month that has brought West Texas Intermediate crude , the U.S. oil benchmark, to four-year lows below $58 a barrel . At the start of April, WTI traded above $71 a barrel. There are two main reasons for the pullback: President Donald Trump ‘s intensified trade war has fueled concerns about a global economic slowdown — a bad thing for oil demand if it comes to fruition. At the same time, the group of eight oil-producing nations known as OPEC+ has announced a series of surprisingly aggressive moves to bring more supply to the market in the coming months. The most recent of those decisions was announced over the weekend. While Saudi Arabia-led OPEC+ might typically be expected to curtail output in the face of potential demand destruction, the opposite is happening. A variety of factors could be motivating OPEC+’s counterinitiative actions, including internal politics within the oil cartel, analysts say. But for our purposes here, what matters most is that anything that materially weakens the outlook for crude prices — whether it’s trade-related recession fears, OPEC+ or both — makes Coterra’s job of profitably drilling for oil harder to do. Not impossible, but the company and its peers make a whole lot more money when WTI is $75 a barrel than they do at $55. And so, the new set of facts requires them to reconsider what the best use of money is and adjust accordingly if something else is better for their investors. Coterra’s new plan to reduce oil-focused spending is a sensible one in the near term, and it is made possible by its presence in both the oil-rich Permian Basin in western Texas and Southeastern New Mexico and the natural gas-heavy Marcellus Shale in Pennsylvania and other parts of the Appalachian region. Coterra also has wells in the Anadarko Basin that spans the Texas Panhandle and western Oklahoma, but its planned activity there this year is not changing. In the Permian, though, Coterra now plans to average just seven rigs in the second half of 2025, down from the 10-rig plan announced in late February. Rigs are the machinery used to drill a well. As such, its planned Permian capital investments this year are coming down by $150 million. Meanwhile, Coterra restarted activity in the Marcellus in April with two rigs, as previously projected. But the company said it now expects to keep both rigs running into the second half of the year, lifting its capital spending in the region by an additional $50 million. Another $50 million could be added to those plans if Coterra decides to keep its second rig running through year-end, though executives said that decision will be made in the third quarter. On Tuesday’s earnings call, CEO Tom Jorden said he’s hopeful that the tariff situation is resolved and the “threat of recession is lifted,” but he stressed that “we can’t run our program on hope.” “Right now, we’re relaxing slightly [on oil spending] because we’re concerned that oil prices could further weaken. I hope we’re wrong on that,” Jorden said. “But our experience tells us that when you see these events – and you see the possibility – be prepared for the worst-case scenario.” The net effect of these changes is Coterra’s total capital expenditure projections for 2025 came down by $100 million at the midpoint of its new guidance range — and yet the company’s total production guidance was actually nudged higher for the year, driven entirely by more natural gas output. Expecting more total production on less spending is a reflection of Coterra’s ability to be a capital-efficient operator. That is a positive in the short run. However, investors might be questioning what these changes mean to Coterra’s production levels in 2026 and 2027, analysts at Mizuho Securities wrote before Tuesday’s earnings call, considering last quarter the company provided three-year outlook that included annual average oil growth of at least 5%. Executives fielded a number of questions on the three-year plans, but they repeatedly said it remained intact. “We’re holding to our three-year plan as outlined with the changes that we’ve discussed in this call. We want to be really clear with everybody on that,” Jorden said. 2. Free cash flow Another big theme: Coterra’s free cash flow outlook for this year was cut by 22% to $2.1 billion — and while lower commodity price assumptions outside its control is a big driver of the revision, investors might be worried this will limit the amount of share repurchases this year, particularly if oil prices get even weaker. The company’s commitment has been to return at least half of its free cash flow to shareholders via dividend payouts and stock buybacks. But in 2025, in particular, executives have prioritized paying down debt — tied to its two Permian-focused acquisitions that closed earlier this year — over buybacks. “We still have the ability to do it all, so to speak, but to be really clear, in 2025, our priority is going to be debt repayment. We’re not going to compromise that,” CFO Shane Young said on the call. “That doesn’t mean that there’s not going to be repurchases. … But if you look at 2024, we returned 90% of cash flow to shareholders. [In 2023], we returned 76% of cash flow to shareholders. Why were we able to do that? Because we had low leverage. And we believe that having low leverage is an enabler, and we’re dead-set focused on protecting our long-term shareholder return objectives, and we think the best way to do that is to reduce debt.” 3. Operational issues The final major theme — and likely a major culprit for the stock reaction — is operational issues plaguing some of Coterra’s operations in Culberson County, Texas, which is part of the Permian. At the highest level, some of the wells in an area called Harkey were producing higher-than-normal water volumes, so the company paused development there to work through the issue. At this time, Jorden said Coterra is “pretty optimistic that this is a mechanical operation that is solvable with a combination of revised pipe design and cementing program,” rather than something strategically wrong with the land that threatens the quality of inventory. “As we currently see it, we think we’ll be back to completing and drilling these Harkey wells in months, not years,” Jorden said. 2025 guidance Here’s where Coterra’s full-year guidance stands after the numerous aforementioned revisions: Estimated discretionary cash flow of $4.3 billion based on WTI crude prices of $63 a barrel and natural gas prices of $3.70 per metric million British thermal unit, or mmbtu. That’s below Wall Street expectations of $4.62, according to FactSet, and previous guidance of $5 billion, which factored in higher prices for both commodities. Estimated free cash flow of $2.1 billion based on the commodity price assumptions used in the discretionary cash flow guide. That is down from $2.7 billion previously. Estimated capital expenditure budget of $2 billion to $2.3 billion, down by $100 million on both ends of the range. That results in a new midpoint of $2.15 billion compared with the prior guide of $2.25 billion. Seven rigs in operation in the Permian in the second half of the year, lower than the previous plan to operate 10 rigs. Expected 2025 total equivalent production of 720 to 770 Mboe/d. The 745 midpoint of the range — up from 740 in its previous guidance — is slightly below the FactSet consensus forecast of 757 Mboe/d, which stands for total oil equivalent of a thousand barrels per day. Expected oil production in the range of 155 to 165 Mbo/d, which stands for a thousand of barrels of oil per day. The midpoint of the range is unchanged at 160 Mbo/d, despite modestly lowering the top end of the range and slightly increasing the bottom end. The FactSet consensus is for 163.6 Mbo/d. Expected natural gas production in the range of 2,725 to 2,875 MMcf/d, resulting in a new midpoint of 2,800, up from 2,775. That is below the consensus of 2,837 MMcf/d, according to FactSet. (Jim Cramer’s Charitable Trust is long CTRA. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
An oil pumpjack is shown near the Callon Petroleum vicinity on March 27, 2024 in Monahans, Texas.
Brandon Bell | Getty Images News | Getty Images
Coterra Energy is cutting back on its oil drilling in response to sagging crude prices and spending more on natural gas production — but that move, announced alongside first-quarter results, is being overshadowed by some operational concerns and leading to a stock sell-off Tuesday.
Trending
-
Sports3 years ago
‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports1 year ago
Story injured on diving stop, exits Red Sox game
-
Sports2 years ago
Game 1 of WS least-watched in recorded history
-
Sports2 years ago
MLB Rank 2023: Ranking baseball’s top 100 players
-
Sports4 years ago
Team Europe easily wins 4th straight Laver Cup
-
Environment2 years ago
Japan and South Korea have a lot at stake in a free and open South China Sea
-
Environment2 years ago
Game-changing Lectric XPedition launched as affordable electric cargo bike
-
Business3 years ago
Bank of England’s extraordinary response to government policy is almost unthinkable | Ed Conway