secwatch.observer — SEC 8-K summary
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Issuer:     Coterra Energy Inc. (CTRA)
CIK:        0000858470
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0000858470-25-000069
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 $297M; raises dividend 5%; completes $3.2B Permian acquisitions
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858470/000085847025000069/0000858470-25-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858470/000085847025000069/cog-20250224.htm
  HTML page:      https://secwatch.observer/filing/0000858470-25-000069

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