HighGravityDataCoterra Energy — Oct 31, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000858470-24-000118
Showing in the filing
Quarterly base dividend
“$0.21 per share”
Period
Q4 FY2024
Measure
Declared action
Source
Prose
All guidance in this release · 39
Quarterly base dividend for Q4 FY2024
“$0.21 per share”
LNG natural gas sales for FY2027
“200 MMcfpd”
Shareholder return commitment (% of annual F… for FY2024
“50% or greater”
Windham Row wells expected online by end of … for Q4 FY2024
“10 additional wells”
Net wells turned in line - Marcellus Shale -… for Q4 FY2024
“11”
Annual Free Cash Flow returned to shareholders for FY2024
“50% or greater”
Annual dividend for FY2024
“$0.84 per share”
Capital expenditures for FY2024
“$1.75 to $1.85 billion”
Capital expenditures (non-GAAP) for FY2024
“$1.75 to $1.85 billion”
Oil production for FY2024
“107 to 108 MBopd”
Natural gas production for FY2024
“2,735 to 2,775 MMcfpd”
BOE production for FY2024
“660 to 675 MBoepd”
Total equivalent production for FY2024
“630 to 660 MBoepd”
Total equivalent production for Q4 FY2024
“630 to 660 MBoepd”
Oil production for FY2024
“106 to 110 MBopd”
Oil production for Q4 FY2024
“106 to 110 MBopd”
Natural gas production for FY2024
“2,530 to 2,660 MMcfpd”
Natural gas production for Q4 FY2024
“2,530 to 2,660 MMcfpd”
Capital expenditures (non-GAAP) for Q4 FY2024
“$410 to $500 million”
Discretionary Cash Flow (non-GAAP) for FY2024
“approximately $2.9 billion”
Commodity price assumption - Henry Hub ($ pe… for FY2024
“$2.22”
Total Equivalent Production (MBoed) - Full Y… for FY2024
“660 — 668 — 675”
Gas (Mmcf/day) - Full Year for FY2024
“2,735 — 2,755 — 2,775”
Oil (MBbl/day) - Full Year for FY2024
“107 — 107.5 — 108”
Net wells turned in line - Marcellus Shale -… for FY2024
“40”
Capital expenditures - Total Company - Full … for FY2024
“$1,750 — $1,800 — $1,850”
Drilling and completion - Marcellus Shale for FY2024
“$300 midpoint”
Drilling and completion - Permian Basin for FY2024
“$1,050 midpoint”
Drilling and completion - Anadarko Basin for FY2024
“$300 midpoint”
Midstream, saltwater disposal and infrastruc… for FY2024
“$150 midpoint”
Commodity price assumption - WTI ($ per bbl) for FY2024
“$76”
Capital Expenditures ($ in billions) for FY2024
“$1.75 — $1.80 — $1.85”
Free Cash Flow (DCF - cash capex) ($ in bill… for FY2024
“$1.1”
Total Equivalent Production (MBoed) - Fourth… for Q4 FY2024
“630 — 645 — 660”
Gas (Mmcf/day) - Fourth Quarter 2024 for Q4 FY2024
“2,530 — 2,595 — 2,660”
Oil (MBbl/day) - Fourth Quarter 2024 for Q4 FY2024
“106.0 — 108.0 — 110.0”
Net wells turned in line - Permian Basin - F… for Q4 FY2024
“13 — 18 — 23”
Net wells turned in line - Anadarko Basin - … for Q4 FY2024
“1 — 4 — 7”
Capital expenditures - Total Company - Fourt… for Q4 FY2024
“$410 — $455 — $500”
Exhibit 99.1 · the passage around this item
… earlier in the release
d Provides Guidance Update HOUSTON, October 31, 2024 - 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. Tom Jorden, Chairman, CEO and President of Coterra, noted, "Coterra continues to exceed its 2024 plan and has strong momentum with significant optionality heading into 2025. Our teams continue to deliver strong and improving capital efficiency through operational execution, all of which is guided by our relentless focus on economic returns. The Company's strong positioning is underpinned by its advantaged balance sheet, operational aptitude, diversified commodity mix and its durable, high-quality inventory. We are also pleased to announce our three new LNG agreements. The U.S. has an abundant, low-cost natural gas resource that can help support energy reliability and energy affordability around the world. America's role as a major energy exporter strengthens our nation's standing on the global stage. As part of Coterra’s ongoing strategy, these agreements further diversify our natural gas marketing portfolio with the addition of international LNG pricing exposure to European and Asian markets." Key Takeaways & Updates • For the third quarter of 2024, total barrel
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.