Welcome to our dedicated page for Coterra Energy news (Ticker: CTRA), a resource for investors and traders seeking the latest updates and insights on Coterra Energy stock.
Coterra Energy Inc (NYSE: CTRA) generates news flow centered on its oil and natural gas operations across the Permian Basin, Marcellus Shale, and Anadarko Basin. As one of the larger independent exploration and production companies in North America, Coterra's announcements carry significance for investors tracking the upstream energy sector and U.S. hydrocarbon production trends.
Quarterly earnings releases detail production volumes, realized commodity prices, and capital expenditure programs across the company's three operating basins. These reports reveal how Coterra allocates drilling capital between its oil-weighted Permian assets and natural gas-focused Marcellus operations based on prevailing market conditions. Dividend announcements and share repurchase updates reflect the company's ongoing capital return program.
Operational news covers drilling activity, well results, and infrastructure developments that affect production capacity. Acquisition announcements expand the company's acreage position, while divestitures reshape its portfolio focus. Technical achievements in drilling efficiency and completion optimization demonstrate operational improvements that affect per-unit costs and well productivity.
Coterra's position as a multi-basin operator with balanced oil and gas exposure makes its news relevant to energy investors monitoring commodity markets, basin-level activity trends, and E&P capital allocation strategies. Bookmark this page to follow developments from one of the premier independent producers in the U.S. unconventional resource sector.
Coterra Energy Inc. (NYSE: CTRA) has scheduled a conference call on May 5, 2023, at 10:00 AM ET to discuss its first-quarter 2023 financial and operational results. The results will be released after the market closes on May 4, 2023. Investors can access the live call by dialing (888) 550-5424 for U.S. and Canadian callers or (646) 960-0819 for international participants, using the conference ID 3813676. Additionally, a webcast of the conference call will be available on the Company's website, with a replay accessible afterward.
Coterra is a leading exploration and production company based in Houston, Texas, focusing on operations in the Permian Basin, Marcellus Shale, and Anadarko Basin. The Company aims to deliver sustainable returns through the responsible development of its diversified asset base.
Coterra Energy (CTRA) reported robust fourth-quarter and full-year 2022 results, highlighting a net income of $1,032 million for Q4, or $1.32 per share, and total 2022 net income of $4.1 billion, equating to $5.09 per share. The company generated substantial cash flow, with operating cash flow reaching $5.5 billion and free cash flow of $3.9 billion. Coterra announced a 33% increase in its annual base dividend to $0.80 per share and unveiled a new $2.0 billion share repurchase program. The company expects to allocate around 50% of cash flow to capital investments in 2023, while maintaining production levels largely flat year-over-year.
Coterra Energy Inc. (NYSE: CTRA) will hold a conference call on February 23, 2023, at 10:00 AM ET to discuss its fourth-quarter 2022 financial and operational results. The earnings report will be released after the market closes on February 22, 2023. Investors can join the call by dialing (888) 550-5424 or (646) 960-0819 for international callers, using the conference ID 3813676. A live webcast will be available on Coterra's website, with a replay accessible afterward.
Coterra Energy Inc. (NYSE: CTRA) announced that its CEO, Thomas E. Jorden, will engage in a fireside chat at the Bank of America Global Energy Conference on November 16, 2022, at 2:00 PM ET. The event will be accessible via a live webcast on the company's website.
Coterra, based in Houston, Texas, focuses on exploration and production operations in the Permian Basin, Marcellus Shale, and Anadarko Basin. Learn more about their sustainability efforts and strategic goals at www.coterra.com.
Coterra Energy reported strong third-quarter 2022 results with a net income of $1,196 million ($1.51/share) and adjusted net income of $1,126 million ($1.42/share). The company generated $1,771 million in cash flow from operations, with Free Cash Flow at $1,064 million. Coterra plans to return 74% of Free Cash Flow to shareholders, comprising a $0.68 per share dividend and $253 million in share buybacks. Year-to-date, net income reached $3,033 million, and total long-term debt sat at $2.2 billion, maintaining a strong financial position.
Coterra Energy Inc. (NYSE: CTRA) has appointed Thomas E. Jorden as Chairman of the Board effective January 1, 2023, succeeding Dan O. Dinges, who will remain as Chair of the Executive Committee. The announcement follows the merger with Cimarex Energy Co. Robert Boswell will take over as Lead Independent Director as of the same date. Dinges, who served as CEO and Chairman since 2002, expressed confidence in Jorden's leadership for the company’s future.
Coterra, headquartered in Houston, operates in key areas including the Permian Basin and Marcellus Shale.
Coterra Energy Inc. (NYSE: CTRA) will hold a conference call on November 4, 2022, at 9:00 AM CT to discuss its third-quarter 2022 financial and operating results. The results will be announced after market close on November 3, 2022. Interested parties can join the call by dialing (888) 550-5424 for U.S. and Canada, or (646) 960-0819 internationally, using conference ID 3813676. The live webcast will be available on the company's website, with an archived replay following the event.
Coterra Energy Inc. (NYSE: CTRA) announced the issuance of notices for the redemption of its 4.375% Senior Notes due 2024, totaling $705.5 million, and the Cimarex 2024 Notes amounting to $44.5 million. The Coterra Notes Redemption Date is set for September 29, 2022, while the Cimarex Notes Redemption Date is on October 19, 2022. The redemption price will be either 100% of the principal or a
Coterra Energy (NYSE: CTRA) announced significant executive changes, with three retirements effective September 30, 2022, including Steven W. Lindeman and Phillip L. Stalnaker. They have each contributed decades to the company, with Stalnaker notably leading the Marcellus Business Unit to peak production. Francis B. Barron will retire in early 2023 but will transition as Senior Counsel. Three internal promotions were also announced: Blake Sirgo as Senior VP of Operations, Gary Hlavinka as VP of the Marcellus Business Unit, and Adam Vela as VP and General Counsel, all taking effect on October 1, 2022.
Coterra Energy reported strong second-quarter 2022 financial results, with a net income of $1,229 million or $1.53 per share. The company generated cash flow from operations of $879 million and free cash flow of $1,019 million. A total quarterly dividend of $0.65 per share was approved, equating to 80% of free cash flow, and 11 million shares were repurchased for $303 million. The company projects a 2022 free cash flow of approximately $4.5 billion, underlining their commitment to capital efficiency and shareholder returns despite rising capital costs due to inflation.
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