secwatch.observer — SEC 8-K summary
======================================

Issuer:     Coterra Energy Inc. (CTRA)
CIK:        0000858470
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0000858470-25-000103
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coterra Q1 net income $516M ($0.68/sh); lowers 2025 capex to $2.0-2.3B, reduces Permian rigs
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858470/000085847025000103/0000858470-25-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858470/000085847025000103/ctra-20250505.htm
  HTML page:      https://secwatch.observer/filing/0000858470-25-000103

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