secwatch.observer — SEC 8-K summary
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Issuer:     Coterra Energy Inc. (CTRA)
CIK:        0000858470
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000858470-24-000102
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coterra Q2 net income $220M; production beats guidance; raises FY2024 oil guidance 2.4%
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- Net income $220M ($0.30/sh); adjusted net income $272M ($0.37/sh); FCF $246M.
- Total production 669 MBoepd, oil 107.2 MBopd, gas 2,780 MMcfpd — all above guidance high-end.
- Increased FY2024 oil prod guidance 2.4% to 105.5-108.5 MBopd; BOE prod guidance +1% to 645-675 MBoepd.
- Declared $0.21/sh dividend; repurchased 5.0M shares for $140M; returned 120% of FCF to shareholders.
- Balance sheet: $1.07B cash, $575M debt due Sep 2024 to be retired; net debt/EBITDAX 0.4x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858470/000085847024000102/0000858470-24-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858470/000085847024000102/ctra-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000858470-24-000102

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