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
Commodity price assumption - WTI ($ per bbl)
“$66”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
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 — $675”
Exhibit 99.1 · the passage around this item
… earlier in the release
9 Derivatives Information As of June 30, 2025, the Company had the following outstanding financial commodity derivatives: 2025 Oil Third Quarter Fourth Quarter WTI oil collars Volume (MBbl) 5,152 5,152 Weighted average floor ($/Bbl) $ 61.34 $ 61.34 Weighted average ceiling ($/Bbl) $ 79.00 $ 79.00 WTI NYMEX oil swaps Volume (MBbl) 1,748 1,748 Weighted average price ($/Bbl) $ 69.18 $ 69.18 WTI Midland oil basis swaps Volume (MBbl) 5,520 5,520 Weighted average differential ($/Bbl) $ 1.02 $ 1.02 2026 Oil First Quarter Second Quarter Third Quarter Fourth Quarter WTI oil collars Volume (MBbl) 2,700 2,730 2,760 2,760 Weighted average floor ($/Bbl) $ 56.67 $ 56.67 $ 56.67 $ 56.67 Weighted average ceiling ($/Bbl) $ 70.68 $ 70.68 $ 70.68 $ 70.68 WTI NYMEX oil swaps Volume (MBbl) 900 910 920 920 Weighted average price ($/Bbl) $ 66.14 $ 66.14 $ 66.14 $ 66.14 WTI Midland oil basis swaps Volume (MBbl) 1,800 1,820 1,840 1,840 Weighted average differential ($/Bbl) $ 0.95 $ 0.95 $ 0.95 $ 0.95 10 2025 Natural Gas Third Quarter Fourth Quarter NYMEX gas collars Volume (MMBtu) 87,400,000 87,400,000 Weighted average floor ($/MMBtu) $ 3.08 $ 3.08 Weighted average ceiling ($/MMBtu) $ 4.88 $ 5.66 Transco Leidy gas basis swaps Volume (MMBtu) 18,400,000 18,400,000 Weighted average differential ($/MMBtu) $ (0.70) $ (0.70) Transco Zone 6 Non-NY gas basis swaps Volume (MMBtu) 18,400,000 18,400,000 Weighted average differential ($/MMBtu) $ (0.49) $ (0.49) Waha gas basis swaps Volume (MMBtu) 13,800,000 13,800,000 Weighted average differential ($/MMBtu) $ (2.05) $ (2.05) 2026 Natural Gas First Quarter Second Quarter Third Quarter Fourth Quarter NYMEX gas collars Volume (MMBtu) 81,000,000 54,600,000 55,200,000 55,200,000 Weighted average floor ($/MMBtu) $ 3.06 $ 3.21 $ 3.21 $ 3.21 Weighted average ceiling ($/MMBtu) $ 6.39 $ 5.76 $ 5.76 $ 5.76 Waha gas basis swaps Volume (MMBtu) 13,500,000 13,650,000 13,800,000 13,800,000 Weighted a
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.