secwatch.observer — SEC 8-K summary
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Issuer:     Coterra Energy Inc. (CTRA)
CIK:        0000858470
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0000858470-23-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858470/000085847023000053/0000858470-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858470/000085847023000053/ctra-20231106.htm
  HTML page:      https://secwatch.observer/filing/0000858470-23-000053

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