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. (symbol: CTRA) is a leading independent oil and gas company engaged in the development, exploration, and production of oil, natural gas, and natural gas liquids (NGLs). The company's operations are strategically concentrated in three core regions: the Permian Basin in West Texas and Southeast New Mexico, the Marcellus Shale in Northeast Pennsylvania, and the Anadarko Basin in the Mid-Continent region in Oklahoma. These regions are known for their abundant reserves and production potential.
Founded on a commitment to operational excellence and innovation, Coterra Energy boasts a robust technical team dedicated to maximizing the after-tax rate of return on invested capital for each well drilled. The company's approach involves meticulous pre- and post-drill economic evaluations, relying heavily on geoscientists to generate drilling prospects. This rigorous analysis includes estimates and assessments of potential reserve size, geologic characteristics, and risk-adjusted discounted cash flow.
Recent achievements of Coterra Energy include successful drilling operations in the Permian Basin and significant production milestones in the Marcellus Shale. The company continuously strives to enhance cash flow from producing properties, reinvesting profits into drill-bit driven growth opportunities. Moreover, decentralized exploration teams, experts in their respective regions, play a pivotal role in the company's strategic planning and operational execution.
Financially, Coterra Energy has maintained a strong balance sheet, supported by solid cash flows and prudent fiscal management. The company actively pursues partnerships and collaborative ventures to bolster its operational capabilities and expand its footprint in the energy sector.
Stay tuned to StockTitan for the latest updates and relevant information about Coterra Energy Inc., including financial performance, operational developments, and strategic initiatives. Learn more about how Coterra Energy continues to shape the future of the energy industry through innovation and commitment to excellence.
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.
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