secwatch.observer — SEC 8-K summary
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Issuer:     Coterra Energy Inc. (CTRA)
CIK:        0000858470
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0000858470-23-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858470/000085847023000033/0000858470-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858470/000085847023000033/cog-20230807.htm
  HTML page:      https://secwatch.observer/filing/0000858470-23-000033

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