---
schema_version: "secwatch.filing_event.v1"
accession: "0000858470-23-000033"
form_type: "8-K"
ticker: "CTRA"
cik: "0000858470"
company_name: "Coterra Energy Inc."
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T05:20:45.561906+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000858470-23-000033
- form_type: 8-K
- ticker: CTRA
- cik: 0000858470
- company_name: Coterra Energy Inc.
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/858470/000085847023000033/0000858470-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/858470/000085847023000033/cog-20230807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000858470-23-000033
- JSON: https://secwatch.observer/filing/0000858470-23-000033.json
- Plain text: https://secwatch.observer/filing/0000858470-23-000033.txt

## Key facts
- Earnings Releases
  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
  source text: Net Income (GAAP) totaled $209 million, or $0.28 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/858470/000085847023000033/0000858470-23-000033-index.htm
- Earnings Releases
  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
  source text: Net Income (GAAP) totaled $886 million, or $1.16 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/858470/000085847023000033/0000858470-23-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.