earnings
confidence high
sentiment positive
materiality 0.80
Coterra Energy Q4 net income $297M; raises dividend 5%; completes $3.2B Permian acquisitions
Coterra Energy Inc.
2024-FY EPS reported
$1.50
revenue$5,458,000,000
- Q4 adjusted EPS $0.49, Free Cash Flow $351M; production 682 MBoepd beat high-end guidance.
- Board approves 5% dividend increase to $0.22/share (annualized $0.88), payable Mar 27 to holders Mar 13.
- Completed Permian Basin acquisitions for ~$3.2B cash + 28.2M shares, creating 83,000 net acres in Northern Delaware.
- 2025 guidance: capex $2.1-2.4B, production 710-770 MBoepd (oil +47% YoY); reinvestment rate <50% at strip.
- FY 2024 total shareholder return $1,086M (89% of FCF); $1.1B remains on buyback authorization.