HighGravityDataCoterra Energy — Aug 4, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000858470-25-000162
Showing in the filing
Free Cash Flow (non-GAAP)
“$2.1 billion”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 39
Quarterly Dividend for Q3 FY2025
“$0.22 per share”
Free Cash Flow (non-GAAP) for FY2025
“$2.1 billion”
Share Repurchase Authorization Remaining
“$1.1 billion”
Shareholder Return Target (Dividends + Buyba… for the long term
“50% or greater of annual Free Cash Flow (non-GAAP)”
Shareholder returns
“50% or greater of annual Free Cash Flow (non-GAAP)”
Term Loan Repayment Target for FY2025
“$650 million”
Capital expenditures (non-GAAP) for FY2025
“approximately $2.3 billion”
Total equivalent production for FY2025
“740 to 790 MBoepd”
Total Equivalent Production for Q3 FY2025
“740 to 790 MBoepd”
Oil production for FY2025
“158 to 168 MBopd”
Oil Production for Q3 FY2025
“158 to 168 MBopd”
Natural gas production for FY2025
“2,750 to 2,900 MMcfpd”
Natural Gas Production for Q3 FY2025
“2,750 to 2,900 MMcfpd”
Capital expenditures (non-GAAP) for FY2025
“$625 to $675 million”
Capital Expenditures (non-GAAP) for Q3 FY2025
“$625 to $675 million”
Effective tax rate for FY2025
“22%”
Current tax (% of effective tax rate) for FY2025
“40% to 60%”
Current Tax Percentage for FY2025
“40% to 60%”
New Permian Power Netback Gas Sale Volume for FY2028
“50 MMcf per day for a seven-year term”
Net wells turned in line Marcellus Shale for Q3 FY2025
“4”
Net wells turned in line Anadarko Basin for Q3 FY2025
“6”
Commodity price assumption - WTI ($ per bbl) for FY2025
“$66”
Total Equivalent Production (MBoed) for FY2025
“755 — 768 — 780”
Gas (Mmcf/day) for FY2025
“2,875 — 2,913 — 2,950”
Oil (MBbl/day) for FY2025
“157 — 160 — 163”
Capital expenditures Total Company ($ in mil… for FY2025
“$2,100 — $2,200 — $2,300”
Drilling and completion - Marcellus Shale (m… for FY2025
“$350”
Drilling and completion - Permian Basin (mid… for FY2025
“$1,520”
Drilling and completion - Anadarko Basin (mi… for FY2025
“$230”
Midstream, saltwater disposal and infrastruc… for FY2025
“$200”
Commodity price assumption - Henry Hub ($ pe… for FY2025
“$3.67”
Discretionary Cash Flow ($ in billions) for FY2025
“$4.4”
Capital Expenditures ($ in billions) for FY2025
“$2.1 — $2.2 — $2.3”
Free Cash Flow (DCF - incurred capex) ($ in … for FY2025
“$2.1”
Total Equivalent Production (MBoed) for Q3 FY2025
“740 — 765 — 790”
Gas (Mmcf/day) for Q3 FY2025
“2,750 — 2,825 — 2,900”
Oil (MBbl/day) for Q3 FY2025
“158 — 163 — 168”
Net wells turned in line Permian Basin for Q3 FY2025
“40 — 45 — 50”
Capital expenditures Total Company ($ in mil… for Q3 FY2025
“$625 — $650 — $675”
Exhibit 99.1 · the passage around this item
… earlier in the release
• Expect 2025 capital expenditures (non-GAAP) to be approximately $2.3 billion, which assumes consistent activity in the second half of the year with nine rigs in the Permian, two rigs in the Marcellus, and one to two rigs in the Anadarko. • Expect 2025 Free Cash Flow (non-GAAP) to total $2.1 billion, at recent strip prices. • Second-quarter 2025 direct shareholder returns totaled approximately 58% of Free Cash Flow (non-GAAP), which includes our declared dividend of $0.22 per share, or approximately $168 million, and $23 million of share repurchases. Additionally, the Company repaid $100 million of term loans bringing total returns to 89% of Free Cash Flow (non-GAAP). In 2025, Coterra remains committed to reducing leverage and executing opportunistic share repurchases. • Announcing a new power netback gas sale agreement in the Permian, expected to start in 2028, further diversifying our natural gas marketing portfolio. • Coterra published its 2025 Sustainability Report on August 4, 2025. The report can be found under "Sustainability" on the Company's website. 1 Second-Quarter 2025 Highlights • Net Income (GAAP) totaled $511 million, or $0.67 per share. Adjusted Net Income (non-GAAP) was $367 million, or $0.48 per share. • Cash Flow From Operating Activities (GAAP) totaled $937 million. Discretionary Cash Flow (non-GAAP) totaled $949 million. Free Cash Flow (non-GAAP) totaled $329 million. • Cash paid for capital expenditures for drilling, completion and other fixed asset addi
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.