---
schema_version: "secwatch.filing_event.v1"
accession: "0000858470-23-000053"
form_type: "8-K"
ticker: "CTRA"
cik: "0000858470"
company_name: "Coterra Energy Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T18:29:32.033522+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Coterra Energy Q3 net income $323M ($0.43/sh); production beat, full-year guidance raised

## Summary
- Q3 production of 670 MBoepd exceeded high end of guidance (655 MBoepd); oil 91.9 MBopd, gas 2,903 MMcfpd.
- Net income $323M ($0.43/sh); adjusted net income $373M ($0.50/sh). Free cash flow $250M.
- Full-year 2023 production guidance raised +3% to 655-665 MBoepd; capex unchanged at $2.0-2.2B.
- Declared quarterly dividend $0.20/share, payable Nov 30 to holders of record Nov 16.
- Repurchased 2.2M shares for $60M in Q3; year-to-date shareholder return $839M (91% of free cash flow).

## SEC filing metadata
- accession: 0000858470-23-000053
- form_type: 8-K
- ticker: CTRA
- cik: 0000858470
- company_name: Coterra Energy Inc.
- filed_at: 2023-11-07T23:59:59+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/858470/000085847023000053/0000858470-23-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/858470/000085847023000053/ctra-20231106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000858470-23-000053
- JSON: https://secwatch.observer/filing/0000858470-23-000053.json
- Plain text: https://secwatch.observer/filing/0000858470-23-000053.txt

## Key facts
- Earnings Releases
  Coterra Energy Inc. updated its Fourth-quarter 2023 guidance (initiated).
  - Period: Fourth-quarter 2023
  - Guidance: initiated
  - Result: guidance update
  source text: Fourth-quarter 2023 production and capital guidance: • Total production of 645-680 MBoepd; mid-point -1% sequentially and +5% year-over-year • Oil production of 98-102 MBopd; mid-point +9% sequentially and +10% year-over-year • Natural gas production of 2,780-2,900 MMcfpd; mid-point -2% sequentially and +2% year-over-year • Expected accrued capital expenditures (non-GAAP) of $460 – $530 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/858470/000085847023000053/0000858470-23-000053-index.htm
- Earnings Releases
  Coterra Energy Inc. reported Third-Quarter 2023 results: net income 373, EPS 0.50.
  - Period: Third-Quarter 2023
  - Net income: 373
  - EPS: 0.50
  - Result: reported results
  source text: Net Income (GAAP) totaled $323 million, or $0.43 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/858470/000085847023000053/0000858470-23-000053-index.htm
- Earnings Releases
  Coterra Energy Inc. reported Third-Quarter 2023 results: net income 373, EPS 0.50.
  - Period: Third-Quarter 2023
  - Net income: 373
  - EPS: 0.50
  - Result: reported results
  source text: Adjusted Net Income (non-GAAP) was $373 million, or $0.50 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/858470/000085847023000053/0000858470-23-000053-index.htm

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