secwatch.observer — SEC 8-K summary
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Issuer:     Coterra Energy Inc. (CTRA)
CIK:        0000858470
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0000858470-22-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coterra Energy Q2 2022 net income $1,229M ($1.53/share); raises capex and production guidance
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- Net income $1,229M or $1.53/share; adjusted net income $1,083M or $1.35/share.
- Total equivalent production 632 MBoepd exceeded high-end of guidance.
- Approved quarterly dividend of $0.65/share ($0.15 base, $0.50 variable) payable Aug 25.
- Repurchased 11.0M shares for $303M in Q2; $763M remaining on $1.25B authorization.
- 2022 capex guidance raised to $1.6-1.7B; full-year production guidance increased 1% at midpoint.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858470/000085847022000027/0000858470-22-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858470/000085847022000027/cog-20220802.htm
  HTML page:      https://secwatch.observer/filing/0000858470-22-000027

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