secwatch.observer — SEC 8-K summary
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Issuer:     Coterra Energy Inc. (CTRA)
CIK:        0000858470
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0000858470-24-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858470/000085847024000006/0000858470-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858470/000085847024000006/cog-20240222.htm
  HTML page:      https://secwatch.observer/filing/0000858470-24-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer