---
schema_version: "secwatch.filing_event.v1"
accession: "0000858470-24-000063"
form_type: "8-K"
ticker: "CTRA"
cik: "0000858470"
company_name: "Coterra Energy Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:19:36.283912+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Coterra Q1 net income $352M; raises 2024 oil guidance 2.5%; quarterly dividend $0.21

## Summary
- Q1 GAAP net income $352M ($0.47/sh); adjusted net income $383M ($0.51/sh).
- Total production 686 MBoepd near high end; oil 102.5 MBopd exceeded guidance; raised 2024 oil guidance 2.5%.
- Incurred capex $450M below $460-540M guidance; free cash flow $340M; shareholder returns ~90% of FCF.
- Declared $0.21/sh quarterly dividend, payable May 30; repurchased $150M shares during quarter.
- Issued $500M senior notes at 5.60% due 2034; proceeds to repay $575M notes due Sept 2024.

## SEC filing metadata
- accession: 0000858470-24-000063
- form_type: 8-K
- ticker: CTRA
- cik: 0000858470
- company_name: Coterra Energy Inc.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/858470/000085847024000063/0000858470-24-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/858470/000085847024000063/ctra-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000858470-24-000063
- JSON: https://secwatch.observer/filing/0000858470-24-000063.json
- Plain text: https://secwatch.observer/filing/0000858470-24-000063.txt

## Key facts
- Earnings Releases
  Coterra Energy Inc. reported first-quarter 2024 results: net income $352 million, or $0.47 per share. Guidance raised.
  - Period: first-quarter 2024
  - Net income: $352 million, or $0.47 per share
  - Guidance: raised
  - Result: reported results
  source text: Net Income (GAAP) totaled $352 million, or $0.47 per share. Adjusted Net Income (non-GAAP) was $383 million, or $0.51 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/858470/000085847024000063/0000858470-24-000063-index.htm

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