earnings
confidence high
sentiment positive
materiality 0.85
Coterra Q3 net income $1.2B ($1.51 EPS); free cash flow $1.06B; dividend $0.68/share
Coterra Energy Inc.
2022-Q3 EPS reported
$3.77
revenue$6,771,000,000
- Net income $1,196M ($1.51 EPS); adjusted net income $1,126M ($1.42 EPS).
- Total equivalent production 641 MBoepd, exceeding high-end guidance; natural gas 2,807 MMcfpd, oil 87.9 MBopd.
- Free Cash Flow $1,064M; returning 74% to shareholders via dividends and buybacks.
- Quarterly dividend raised 5% to $0.68/share ($0.15 base + $0.53 variable); paid Nov 30, record Nov 16.
- Repurchased 9.3M shares for $253M ($27.03 avg); retired $830M of notes during Q3.