secwatch.observer — SEC 8-K summary
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Issuer:     Coterra Energy Inc. (CTRA)
CIK:        0000858470
Form:       8-K
Filed at:   2022-02-24T23:59:59+00:00
Accession:  0000858470-22-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coterra Q4 net income $939M ($1.16/sh); raises base dividend 20%, authorizes $1.25B buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858470/000085847022000005/0000858470-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858470/000085847022000005/cog-20220223.htm
  HTML page:      https://secwatch.observer/filing/0000858470-22-000005

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