Coterra Energy Inc. - CTRA STOCK NEWS

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.

Coterra Energy Inc. (CTRA) will host a conference call on August 3, 2022, at 9:00 AM CT to discuss its second-quarter 2022 financial and operational results. The results will be announced after market close on August 2, 2022. Interested participants can join via phone or access the live webcast on the company's website. Coterra, based in Houston, Texas, focuses on operations in the Permian Basin, Marcellus Shale, and Anadarko Basin. They aim to be a leading producer while prioritizing sustainability.

Coterra Energy reported strong first-quarter 2022 results with a net income of $608 million, translating to $0.75 per share. The company's cash flow from operating activities totaled $1,322 million, with a free cash flow of $961 million. Shareholders benefited from a quarterly dividend of $0.60 per share and share repurchases amounting to $184 million. Coterra aims to return over 50% of free cash flow to shareholders through dividends and buybacks. Production targets for 2022 remain in line, with guidance for capital expenditure set between $1.4 billion and $1.5 billion.

Coterra Energy Inc. (NYSE: CTRA) will host a conference call on May 3, 2022, at 10:00 AM ET to discuss its first-quarter 2022 financial and operating results. The results will be announced after market close on May 2, 2022. Interested parties can join the call by dialing (888) 550-5424 for U.S. and Canadian callers or (646) 960-0819 for international callers, using Conference ID 3813676. The live webcast will be available on the Company’s website, with a replay archived post-event.

Coterra Energy Inc. (NYSE: CTRA) will have its CEO, Thomas E. Jorden, participate in a fireside chat at the 50th Annual Scotia Howard Weil Energy Conference on March 23, 2022, at 10:45 AM CT. Investors can access a live webcast of the presentation on the company's website, which will also be archived for later viewing. Coterra, an exploration and production company based in Houston, Texas, focuses on sustainable operations in the Permian Basin, Marcellus Shale, and Anadarko Basin.

Coterra Energy Inc. (NYSE: CTRA) reported robust financial results for Q4 and full-year 2021. Q4 net income reached $939 million, or $1.16 per share, while total cash flow from operations was $953 million. The company increased its annual base dividend by 20% to $0.60 per share and declared a supplemental variable dividend of $0.41 per share. Coterra's long-term debt stood at $3.1 billion, with a cash balance of $1 billion. The company plans to invest $1.4 to $1.5 billion in 2022, anticipating free cash flow of $3 billion and an overall production guidance decrease of 3% from 2021 levels.

Coterra Energy Inc. (NYSE: CTRA) announced a conference call for February 24, 2022, at 10:00 AM ET to discuss its fourth-quarter and full-year 2021 financial results. The company will release these results after the market closes on February 23, 2022. Interested parties can join the call by dialing (888) 550-5424 for U.S. callers or (646) 960-0819 for international callers, using the conference ID 3813676. The call will also be available via a live webcast on Coterra's investor relations website.

Coterra Energy (NYSE: CTRA) announced that CEO Thomas E. Jorden will present at the 2022 Goldman Sachs Global Energy and Clean Technology Conference on January 6, 2022, starting at 8:00 AM CT. A live webcast will be accessible on the company's website, with an archive available post-event. Coterra, based in Houston, Texas, focuses on operations in the Permian Basin, Marcellus Shale, and Anadarko Basin, emphasizing sustainability and shareholder returns.