---
schema_version: "secwatch.filing_event.v1"
accession: "0000858470-25-000103"
form_type: "8-K"
ticker: "CTRA"
cik: "0000858470"
company_name: "Coterra Energy Inc."
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T20:01:21.673910+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 $516M ($0.68/sh); lowers 2025 capex to $2.0-2.3B, reduces Permian rigs

## Summary
- Q1 net income $516M ($0.68/sh), adjusted net income $608M ($0.80/sh).
- Total production 747 MBoepd, oil 141.2 MBopd, near high-end of guidance.
- Dividend $0.22/sh (3.4% yield) payable May 29; share repurchases $24M.
- 2025 capex guidance lowered to $2.0-2.3B; Permian rigs cut to 7 in H2 2025, Marcellus added.
- Repaid $250M term loans; net debt/EBITDAX 0.9x; $750M term loans remain.

## SEC filing metadata
- accession: 0000858470-25-000103
- form_type: 8-K
- ticker: CTRA
- cik: 0000858470
- company_name: Coterra Energy Inc.
- filed_at: 2025-05-05T23:59:59+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/858470/000085847025000103/0000858470-25-000103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/858470/000085847025000103/ctra-20250505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000858470-25-000103
- JSON: https://secwatch.observer/filing/0000858470-25-000103.json
- Plain text: https://secwatch.observer/filing/0000858470-25-000103.txt

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