Coterra Energy Inc (N:CTRA)
Business Focus: Oil & Gas Exploration and Production
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 840 Gessner Rd Ste 1400 HOUSTON TX 77024-4152 |
| Tel: | 1-281-5894875 |
| Website: | https://coterra.com |
| IR: | See website |
| Key People | ||
| Thomas E. Jorden Chairman of the Board, President, Chief Executive Officer | Gary Hlavinka Vice President - Marcellus Business Unit | Shannon E. Young Chief Financial Officer, Executive Vice President |
| Andrea M. Alexander Chief Human Resource Officer, Senior Vice President | Stephen P. Bell Executive Vice President - Business Development | Blake Sirgo Senior Vice President - Operations |
| Kevin W. Smith Chief Technology Officer, Vice President | Todd M. Roemer Chief Accounting Officer, Vice President | Adam Vela Vice President, General Counsel | Michael D. Deshazer Vice President - Business Units |
| Business Overview |
| Coterra Energy Inc. is an independent oil and gas company. The Company is engaged in the development, exploration and production of oil, natural gas and natural gas liquids (NGLs). Its operations are primarily concentrated in three core operating areas: 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. Its Permian Basin properties hold approximately 296,000 net acres in its core operating area in the Delaware Basin. Its Marcellus Shale properties hold approximately 186,000 net acres in the dry gas window of the Marcellus Shale. The Anadarko Basin properties hold approximately 182,000 net acres and its development activities are primarily focused on both the Woodford Shale and the Meramec formations. It sells oil, natural gas and NGLs to industrial customers, local distribution companies, oil and gas marketers, pipeline companies and power generation facilities. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Coterra Energy Inc revenues decreased 35% to $5.91B. Net income applicable to common stockholders decreased 60% to $1.62B. Revenues reflect Natural gas segment decrease of 58% to $2.29B. Net income also reflects Lease operating expense increase of 28% to $472M (expense). Dividend per share decreased from $2.49 to $1.17. |
| Employees: | 894 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $22,216M as of Dec 31, 2023 |
| Annual revenue (TTM): | $5,914M as of Dec 31, 2023 |
| EBITDA (TTM): | $3,784M as of Dec 31, 2023 |
| Net annual income (TTM): | $1,620M as of Dec 31, 2023 |
| Free cash flow (TTM): | $669.00M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,217M as of Dec 31, 2023 |
| Shares outstanding: | 751,289,673 as of Mar 7, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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