Coterra Q2 net income $209M, production beats guidance, raises FY2023 outlook

Coterra Energy Inc.

2023-Q2 EPS reported $1.16 revenue$2,962,000,000

Net income $209M ($0.28/sh); adjusted net income $291M ($0.39/sh).
Total production 665 MBoepd exceeded high-end guidance of 650 MBoepd; oil 95.8 MBopd beat 91.5 MBopd.
FY2023 production guidance raised 2% for BOE and nat gas, 3% for oil; capex unchanged at $2.0-2.2B.
Quarterly dividend $0.20/share declared, payable Aug 31 to holders of record Aug 17.
Repurchased 2.4M shares for $57M; total shareholder return of $208M represented 184% of Free Cash Flow.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Coterra Energy Inc. reported second-quarter 2023 results: net income $209 million, EPS $0.28 per share.

Period: second-quarter 2023
Net income: $209 million
EPS: $0.28 per share
Result: reported results

Exact text from the filing

Net Income (GAAP) totaled $209 million, or $0.28 per share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Coterra Energy Inc. reported year-to-date 2023 results: net income $886 million, EPS $1.16 per share.

Period: year-to-date 2023
Net income: $886 million
EPS: $1.16 per share
Result: preliminary results

Exact text from the filing

Net Income (GAAP) totaled $886 million, or $1.16 per share.

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 0000858470-23-000033

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