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
Natural gas production
“2,750 to 2,900 MMcfpd”
Period
FY2025
Measure
GAAP-tied
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
Guidance Updates • Expect 2025 capital expenditures (non-GAAP) of approximately $2.3 billion. • Announcing third-quarter 2025 guidance, including total equivalent production of 740 to 790 MBoepd, oil production of 158 to 168 MBopd, natural gas production of 2,750 to 2,900 MMcfpd, and capital expenditures (non-GAAP) of $625 to $675 million. • Estimate full-year 2025 effective tax rate of 22%, which we expect to be 40% to 60% current tax. • For more details on annual and third-quarter 2025 guidance, see 2025 Guidance Section in the tables below. Announcing New Power Sales Agreement in the Permian Coterra is announcing a new power netback gas sale agreement with CPV Basin Ranch Energy Center, a proposed 1,350 megawatt (MW) combined-cycle natural gas power plant designed with the option to include a carbon capture system. The agreement to sell 50 MMcf per day for a seven-year term is expected to start in 2028, and will be indexed to ERCOT West pricing, adding to the Company’s two existing power netback deals in the Marcellus which currently comprise 330 MMcf per day. Coterra has also secured a right to purchase up to 250 MW per day of power from the facility, located in Ward County, Texas. This is the first power netback deal secured by Coterra in the Permian Basin. Coterra will continue to explore ways to further diversify its gas sales portfolio across all three of its operating basins through power, LNG, data centers and other long-term opportunities. Stro
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.