Articles from Coterra Energy Inc.

Coterra Energy Announces Pricing of $1.5 Billion of Senior Unsecured Notes
Coterra Energy Inc. ("Coterra") (NYSE: CTRA) announced today that it has priced an offering of $750 million aggregate principal amount of senior unsecured notes due 2035, which will carry an interest rate of 5.40% (the "2035 notes"), and $750 million aggregate principal amount of senior unsecured notes due 2055, which will carry an interest rate of 5.90% (the "2055 notes" and, together with the 2035 notes, the "notes"). The offering is expected to close on December 17, 2024, subject to the satisfaction of customary closing conditions.
By Coterra Energy Inc. · Via Business Wire · December 3, 2024
Coterra Announces Accretive Permian Basin Acquisitions
Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today announced it has entered into two separate definitive agreements to acquire certain assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of $3.95 billion, consisting of $2.95 billion of cash and $1.0 billion of Coterra common stock, issued to one of the sellers, subject to certain purchase price adjustments. The cash portion of the consideration is expected to be funded through a combination of cash on hand and borrowings. The transactions are each subject to satisfaction of customary terms and conditions and are expected to close during the first quarter of 2025, with effective dates as of October 1, 2024. Neither acquisition is conditioned on the closing of the other acquisition.
By Coterra Energy Inc. · Via Business Wire · November 13, 2024
Coterra Energy to Participate at Upcoming Conference
Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today announced that Blake Sirgo, Senior Vice President of Operations, will participate in a fireside chat at the Bank of America Securities-Global Energy Conference. The fireside chat will begin at 2:20 PM ET on Tuesday, November 12, 2024.
By Coterra Energy Inc. · Via Business Wire · November 11, 2024
Coterra Energy Reports Third-Quarter 2024 Results, Announces Quarterly Dividend, and Provides Guidance Update
Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported third-quarter 2024 financial and operating results and declared a quarterly dividend of $0.21 per share. Additionally, the Company provided fourth-quarter production and capital guidance and updated full-year 2024 guidance.
By Coterra Energy Inc. · Via Business Wire · October 31, 2024
Coterra Energy Schedules Third-Quarter 2024 Results Conference Call for Friday, November 1, 2024
Coterra Energy Inc. (“Coterra” or the “Company”) (NYSE: CTRA) today announced it will host a conference call on Friday, November 1, 2024, at 8:00 AM CT (9:00 AM ET) to discuss third-quarter 2024 financial and operating results. The Company plans to announce third-quarter 2024 results after the market closes on Thursday, October 31, 2024.
By Coterra Energy Inc. · Via Business Wire · October 3, 2024
Coterra Energy to Participate at Upcoming Conference
Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today announced that Thomas E. Jorden, Chairman, Chief Executive Officer and President, will participate in a fireside chat at the Barclays Energy-Power Conference. The fireside chat will begin at 1:15 PM ET on Wednesday, September 4, 2024.
By Coterra Energy Inc. · Via Business Wire · August 28, 2024
Coterra Energy Reports Second-Quarter 2024 Results, Announces Quarterly Dividend, and Provides Third-Quarter 2024 Guidance and Full-Year 2024 Updates
Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported second-quarter 2024 financial and operating results and declared a quarterly dividend of $0.21 per share. Additionally, the Company provided third-quarter production and capital guidance and updated full-year 2024 guidance.
By Coterra Energy Inc. · Via Business Wire · August 1, 2024
Coterra Energy Schedules Second-Quarter 2024 Results Conference Call for Friday, August 2, 2024
Coterra Energy Inc. (“Coterra” or the “Company”) (NYSE: CTRA) today announced it will host a conference call on Friday, August 2, 2024, at 8:00 AM CT (9:00 AM ET) to discuss second-quarter 2024 financial and operating results. The Company plans to announce second-quarter 2024 results after the market closes on Thursday, August 1, 2024.
By Coterra Energy Inc. · Via Business Wire · July 2, 2024
Coterra Energy to Participate at Upcoming Conference
Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today announced that Thomas E. Jorden, Chairman, Chief Executive Officer and President, will participate in a fireside chat at the J.P. Morgan Energy, Power and Renewables Conference. The fireside chat will begin at 8:00 AM ET on Tuesday, June 18, 2024.
By Coterra Energy Inc. · Via Business Wire · June 13, 2024
Coterra Energy Reports First-Quarter 2024 Results, Announces Quarterly Dividend, and Updates 2024 Outlook
Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported first-quarter 2024 financial and operating results and declared a quarterly dividend of $0.21 per share. Additionally, the Company provided second-quarter production and capital guidance and updated full-year 2024 guidance.
By Coterra Energy Inc. · Via Business Wire · May 2, 2024
Coterra Energy Schedules First-Quarter 2024 Results Conference Call for Friday, May 3, 2024
Coterra Energy Inc. (“Coterra” or the “Company”) (NYSE: CTRA) today announced it will host a conference call on Friday, May 3, 2024, at 8:00 AM CT (9:00 AM ET) to discuss first-quarter 2024 financial and operating results. The Company plans to announce first-quarter 2024 results after the market closes on Thursday, May 2, 2024.
By Coterra Energy Inc. · Via Business Wire · April 9, 2024
Coterra Energy Announces Pricing of Senior Unsecured Notes
Coterra Energy Inc. (“Coterra”) (NYSE: CTRA) announced today that it has priced an offering of $500 million aggregate principal amount of senior unsecured notes due 2034, which will carry an interest rate of 5.60%. The offering is expected to close on March 13, 2024, subject to the satisfaction of customary closing conditions. This is Coterra’s first debt offering since transactions completed in connection with the merger of Cabot Oil & Gas Corporation and Cimarex Energy Co.
By Coterra Energy Inc. · Via Business Wire · February 28, 2024
Coterra Energy Reports Fourth-Quarter and Full-Year 2023 Results, Provides 2024 Outlook, and Announces Dividend Increase
Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported fourth-quarter and full-year 2023 results, provided first-quarter and full-year 2024 guidance and released a new three-year outlook for 2024 through 2026. The Company also declared a quarterly dividend of $0.21 per share, a 5% increase year-over-year.
By Coterra Energy Inc. · Via Business Wire · February 22, 2024
Coterra Energy Schedules Fourth-Quarter and Full Year 2023 Results Conference Call for Friday, February 23, 2024
Coterra Energy Inc. (“Coterra” or the “Company”) (NYSE: CTRA) today announced it will host a conference call on Friday, February 23, 2024, at 9:00 AM CT (10:00 AM ET) to discuss fourth-quarter and full year 2023 financial and operating results. The Company plans to announce fourth-quarter and full year 2023 results after the market closes on Thursday, February 22, 2024.
By Coterra Energy Inc. · Via Business Wire · January 30, 2024
Coterra Energy Reports Third-Quarter 2023 Results, Announces Quarterly Dividend
Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported third-quarter 2023 financial and operating results. Additionally, the Company declared a quarterly dividend of $0.20 per share, provided fourth-quarter production and capital guidance, and updated full-year 2023 guidance.
By Coterra Energy Inc. · Via Business Wire · November 6, 2023
Coterra Energy Schedules Third-Quarter 2023 Results Conference Call for Tuesday, November 7, 2023
Coterra Energy Inc. (“Coterra” or the “Company”) (NYSE: CTRA) today announced it will host a conference call on Tuesday, November 7, 2023, at 9:00 AM CT (10:00 AM ET) to discuss third-quarter 2023 financial and operating results. The Company plans to announce third-quarter 2023 results after the market closes on Monday, November 6, 2023.
By Coterra Energy Inc. · Via Business Wire · October 5, 2023
Coterra Energy to Participate at Upcoming Conference
Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today announced that Thomas E. Jorden, Chairman, Chief Executive Officer and President, will participate in a fireside chat at the Barclays CEO Energy-Power Conference. The fireside chat will begin at 12:40 PM ET on Wednesday, September 6, 2023.
By Coterra Energy Inc. · Via Business Wire · August 30, 2023
Coterra Energy Reports Second-Quarter 2023 Results, Announces Quarterly Dividend
Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported second-quarter 2023 financial and operating results. Thomas E. Jorden, Chairman, Chief Executive Officer and President, commented, “Coterra continues to demonstrate outstanding operational execution, with a notable production beat this quarter driven primarily by strong well performance. As such we are increasing our 2023 BOE and natural gas production guidance by 2% and our oil guidance by 3%, at the mid-point. Coterra remains committed to maximizing shareholder value through consistent, profitable growth.”
By Coterra Energy Inc. · Via Business Wire · August 7, 2023
Coterra Energy Recommends Stockholders Reject "Mini-Tender" Offer by TRC Capital Investment Corporation
Coterra Energy Inc. (NYSE: CTRA) (“Coterra”) today announced that it has received notice of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation ("TRC Capital") to purchase up to 4,000,000 shares of Coterra’s common stock, or approximately 0.5% of Coterra’s outstanding shares, at an offer price of $25.50 per share. TRC Capital's offer price of $25.50 per share is approximately 4.5% lower than the $26.71 closing price of Coterra’s common stock on the NYSE on July 21, 2023.
By Coterra Energy Inc. · Via Business Wire · July 26, 2023
Coterra Energy Schedules Second-Quarter 2023 Results Conference Call for Tuesday, August 8, 2023
Coterra Energy Inc. (“Coterra” or the “Company”) (NYSE: CTRA) today announced it will host a conference call on Tuesday, August 8, 2023, at 9:00 AM CT (10:00 AM ET) to discuss second-quarter 2023 financial and operating results. The Company plans to announce second-quarter 2023 results after the market closes on Monday, August 7, 2023.
By Coterra Energy Inc. · Via Business Wire · July 12, 2023
Coterra Energy Announces Executive Changes
Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today announced the retirement of two Executive Officers of the Company, effective September 30, 2023. Scott C. Schroeder, Executive Vice President and Chief Financial Officer (CFO), will be retiring after a nearly 28-year career at Cabot Oil & Gas Corporation and Coterra Energy Inc. Christopher H. Clason, Senior Vice President and Chief Human Resources Officer (CHRO), will also be retiring after nearly five years with the organization and a career that has spanned over 25 years in executive leadership. Their roles have been filled with external candidates who are detailed later in this release.
By Coterra Energy Inc. · Via Business Wire · June 15, 2023
Coterra Energy Reports First-Quarter 2023 Results, Announces Quarterly Dividend and Provides Update on Share Repurchase Program
Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported first-quarter 2023 financial and operating results. Thomas E. Jorden, Chairman, Chief Executive Officer and President, commented, “Coterra delivered strong first quarter results, driven by solid execution, and is well positioned to meet or exceed 2023 guidance. Our operating teams continue to generate competitive returns across each of our three regions. Coterra’s portfolio, with its equal weighting to both liquids and natural gas, provides numerous benefits to our Company and shareholders by delivering a more consistent cash flow profile through commodity price cycles. As we look ahead, Coterra will remain disciplined and focused on value creation through consistent, profitable growth.”
By Coterra Energy Inc. · Via Business Wire · May 4, 2023
Coterra Energy Schedules First-Quarter 2023 Results Conference Call for Friday, May 5, 2023
Coterra Energy Inc. (“Coterra” or the “Company”) (NYSE: CTRA) today announced it will host a conference call on Friday, May 5, 2023, at 9:00 AM CT (10:00 AM ET) to discuss first-quarter 2023 financial and operating results. The Company plans to announce first-quarter 2023 results after the market closes on Thursday, May 4, 2023.
By Coterra Energy Inc. · Via Business Wire · April 18, 2023
Coterra Energy Reports Fourth-Quarter and Full-Year 2022 Results, Provides 2023 Outlook and Updates Shareholder Return Strategy
Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported fourth-quarter and full-year 2022 financial and operating results. On October 1, 2021, Coterra announced that the merger involving the Company, which was formerly named Cabot Oil & Gas Corporation (“Cabot”), and Cimarex Energy Co. (“Cimarex”) was completed (the "Merger"). Fourth-quarter 2021 results discussed within this release represent Coterra. Full-year 2021 results include nine months of legacy Cabot results from January 1 to September 30, plus three months of Coterra beginning October 1, unless noted otherwise.
By Coterra Energy Inc. · Via Business Wire · February 22, 2023