earnings
confidence high
sentiment positive
materiality 0.75
Coterra Q4 net income $1.03B, adj EPS $1.16; 2023 outlook flat production, ~$1.9B FCF
Coterra Energy Inc.
2022-FY EPS reported
$5.08
revenue$9,051,000,000
- Q4 net income $1,032M ($1.32/sh); adjusted net income $905M ($1.16/sh).
- Q4 production 632 MBoepd; oil 90.7 MBbls/d and gas 2,780 Mmcf/d, both above guidance high-end.
- 2023 capital $2.0-2.2B (~50% of cash flow); production 610-650 MBoe/d (flat YoY).
- 2023 free cash flow estimate ~$1.9B at recent strip prices.
- Updated shareholder return strategy; details in full release.