Coterra’s 4Q earnings report to come out in February


With the Anadarko Basin as one of its three primary targets in oil and gas exploration, Houston’s Coterra Energy plans to release its fourth quater earnings report on Thursday, Feb. 22.

The release will come after the close of the markets and it will be followed with a conference call the next day, Friday, Feb. 23 at 9 a.m. Central Time.

Coterra is a premier exploration and production company based in Houston, Texas with focused operations in the Permian Basin, Marcellus Shale and Anadarko Basin.

In November of last year, Coterra Energy released its third quarter earnings and decclared a quarterly dividend of 20 cents a share. It reported increased production, beating the quarterly and full-year 2023 production guidance because of strong well productivity. The total equivalent production was 670 MBpoepd which exceeded the company’s high end of guidance. Oil production averaged 91.9 thousand barrels a day and that also exceeded the high end of guidance which had been set at 91 thouand barrels a day.

Net income was $323 million or 43 cent a share and cash flow from opeerating ativities was $758 million.