secwatch.observer — SEC 8-K summary
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Issuer:     Coterra Energy Inc. (CTRA)
CIK:        0000858470
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0000858470-21-000057
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coterra Energy Q3 net income $62.7M; lifts base dividend 14%, initiates variable dividend
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- Net income $62.7M ($0.16/share); adjusted net income $207.0M ($0.52/share) for legacy Cabot.
- Board approved 14% base dividend increase to $0.50 annual; Q4 base+variable dividend $0.30/share payable Nov 24.
- Combined Cabot & Cimarex free cash flow of $387.3M in Q3, includes $100.1M merger costs.
- Legacy Cabot discretionary cash flow $308.8M; operating cash flow $245.2M.
- Special $0.50/share dividend declared Oct 4, paid Oct 22.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858470/000085847021000057/0000858470-21-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858470/000085847021000057/cog-20211103.htm
  HTML page:      https://secwatch.observer/filing/0000858470-21-000057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer