secwatch.observer — SEC 8-K summary
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Issuer:     Coterra Energy Inc. (CTRA)
CIK:        0000858470
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000858470-24-000118
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coterra Q3 net income $252M; beats production guidance, raises full-year outlook, signs three LNG deals
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- Net income $252M ($0.34 EPS); adjusted net income $233M ($0.32 EPS).
- Q3 production beat high-end: 669 MBoepd vs 620-650 guidance; oil 112.3 MBopd vs 107-111.
- Full-year 2024 production guidance raised for BOE, oil, and natural gas; capex lowered $50M to $1.75-1.85B.
- Signed three LNG agreements for 200 MMcfpd, indexed to international prices, starting 2027/2028.
- Quarterly dividend $0.21/share (3.5% yield); $111M share repurchases in Q3; returned 100% of FCF YTD.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858470/000085847024000118/0000858470-24-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858470/000085847024000118/ctra-20241031.htm
  HTML page:      https://secwatch.observer/filing/0000858470-24-000118

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