earnings
confidence high
sentiment positive
materiality 0.80
Coterra Q4 net income $939M ($1.16/sh); raises base dividend 20%, authorizes $1.25B buyback
Coterra Energy Inc.
2021-FY EPS reported
$2.29
revenue$3,449,000,000
- Q4 net income $939M ($1.16/sh); adjusted net income $670M ($0.83/sh).
- Q4 cash from ops $953M; free cash flow $758M; production 686 MBoepd.
- Base dividend raised 20% to $0.60 annual; plus $0.41 variable dividend payable Mar 17, 2022.
- Board authorized $1.25B share repurchase program (~7% of market cap).
- 2022 capex $1.4-1.5B; projects ~$3B free cash flow at recent strip prices.