Coterra Energy Q1 net income $677M; production beats guidance, dividend $0.20/share

Coterra Energy Inc.

2023-Q1 EPS reported $0.88 revenue$1,777,000,000

Net income $677M ($0.88/share); adjusted $661M ($0.87). Production 635 MBoepd exceeded high-end guidance.
Free cash flow $556M; returning 76% ($420M) via $0.20 quarterly dividend and $268M share buybacks.
2023 oil production guidance raised 1.0 MBopd to 87-93 MBopd; capital budget unchanged at $2.0-2.2B.
Dividend payable June 9, record May 26; $1.732B remains on $2.0B buyback authorization.
Adjusted EPS $0.87; discretionary cash flow $1,039M. Realized oil $74.03/bbl, natural gas $3.31/Mcf.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Coterra Energy Inc. reported first-quarter 2023 results: net income $677 million, EPS $0.88 per share. Guidance raised.

Period: first-quarter 2023
Net income: $677 million
EPS: $0.88 per share
Guidance: raised
Result: reported results

Exact text from the filing

Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported first-quarter 2023 financial and operating results.

View on SEC.gov

12 earnings releases filed in the last 30 days. Browse all earnings releases →

Coterra Energy Inc. filing history →

Source: SEC EDGAR

accession 0000858470-23-000022

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.