secwatch.observer — SEC 8-K summary
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Issuer:     Coterra Energy Inc. (CTRA)
CIK:        0000858470
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0000858470-22-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coterra Q1 net income $608M ($0.75/share); adj EPS $1.01; declares $0.60 div, repurchases $184M in shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858470/000085847022000014/0000858470-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858470/000085847022000014/cog-20220502.htm
  HTML page:      https://secwatch.observer/filing/0000858470-22-000014

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