Coterra Energy Q4 net income $416M, beats production guidance; dividend up 5% to $0.21

Coterra Energy Inc.

2023-FY EPS reported $2.13 revenue$5,914,000,000

Q4 net income $416M ($0.55/share); adjusted net income $387M ($0.52/share).
Q4 production 697 MBoepd (oil 104.7 MBopd) exceeded high-end guidance; full-year also beat.
Full-year 2023 free cash flow $1.332B; returned 77% ($1.026B) to shareholders via dividends & buybacks.
Board declared $0.21/share quarterly dividend (5% YoY increase), payable March 28 to holders of record March 14.
2024 capex guided $1.75-1.95B (down 12% YoY); total production down ~2%, oil up ~6% at mid-point.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

Coterra Energy Inc. reported financial results for the fourth quarter and full year 2023.

Period: the fourth quarter and full year 2023
Result: reported results

Exact text from the filing

On February 22, 2024, we issued a press release with respect to our fourth quarter and full year 2023 financial results. The press release is furnished as Exhibit 99.1 to this Current Report.

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 0000858470-24-000006

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.