earnings
confidence high
sentiment positive
materiality 0.85
Coterra Q1 net income $608M ($0.75/share); adj EPS $1.01; declares $0.60 div, repurchases $184M in shares
Coterra Energy Inc.
2022-Q1 EPS reported
$0.74
revenue$1,679,000,000
- Net income $608M ($0.75 EPS); adjusted net income $818M ($1.01 adj EPS); cash from ops $1,322M; free cash flow $961M.
- Total Q1 production 630 MBoepd (high-end guidance); oil 83.1 MBopd (above guidance); natural gas 2,850 MMcfpd.
- Quarterly dividend $0.60/share ($0.15 base + $0.45 variable) payable May 25 to holders of record May 13.
- Repurchased 7.6M shares at avg $24.16 for $184M under $1.25B program; total shareholder return $0.83/share.
- Full-year capex guidance maintained $1.4-1.5B; 2022 FCF estimated ~$4.5B at recent strip.