$CTRA
Coterra Energy Inc. Stock $ctra

$ctra Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000085847024000069 Filed on May 03, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$1.271B	$1.433B
YoY Change	7.26%	-19.36%
Cost Of Revenue	$268.0M	$276.0M
YoY Change	-6.29%	4.55%
Gross Profit	$1.003B	$1.157B
YoY Change	11.57%	-23.53%
Gross Profit Margin	78.91%	80.74%
Selling, General & Admin	$256.0M	$279.0M
YoY Change	16.36%	6.9%
% of Gross Profit	25.52%	24.11%
Research & Development	$5.000M	$5.000M
YoY Change	0.0%	25.0%
% of Gross Profit	0.5%	0.43%
Depreciation & Amortization	$447.0M	$432.0M
YoY Change	13.74%	17.07%
% of Gross Profit	44.57%	37.34%
Operating Expenses	$708.0M	$716.0M
YoY Change	14.19%	12.93%
Operating Profit	$296.0M	$440.0M
YoY Change	6.09%	-49.83%
Interest Expense	-$2.000M	$19.00M
YoY Change	-60.0%	11.76%
% of Operating Profit	-0.68%	4.32%
Other Income/Expense, Net	-$13.00M	-$2.000M
YoY Change	1200.0%	0.0%
Pretax Income	$281.0M	$437.0M
YoY Change	4.07%	-49.89%
Income Tax	$61.00M	$85.00M
% Of Pretax Income	21.71%	19.45%
Net Earnings	$220.0M	$352.0M
YoY Change	5.77%	-48.01%
Net Earnings / Revenue	17.31%	24.56%
Basic Earnings Per Share	$0.30	$0.47
Diluted Earnings Per Share	$0.29	$0.47
COMMON SHARES
Basic Shares Outstanding	744.2M shares	751.8M shares
Diluted Shares Outstanding	748.0M shares	755.0M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.320B	$1.539B
YoY Change	56.96%	58.17%
Cash & Equivalents	$1.070B	$1.289B
Short-Term Investments	$250.0M	$250.0M
Other Short-Term Assets	$37.00M	$10.00M
YoY Change	-66.96%	42.86%
Inventory	$45.00M	$52.00M
Prepaid Expenses	$19.00M
Receivables	$857.0M	$878.0M
Other Receivables	$119.0M	$44.00M
Total Short-Term Assets	$2.337B	$2.550B
YoY Change	42.5%	27.18%
LONG-TERM ASSETS
Property, Plant & Equipment	$18.29B	$18.27B
YoY Change	0.74%	1.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$431.0M	$444.0M
YoY Change	432.1%	-1.77%
Total Long-Term Assets	$18.43B	$18.40B
YoY Change	1.03%	1.48%
TOTAL ASSETS
Total Short-Term Assets	$2.337B	$2.550B
Total Long-Term Assets	$18.43B	$18.40B
Total Assets	$20.76B	$20.95B
YoY Change	4.45%	4.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$775.0M	$788.0M
YoY Change	933.33%	-5.4%
Accrued Expenses	$285.0M	$280.0M
YoY Change	-50.09%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$575.0M	$575.0M
YoY Change	9483.33%	9483.33%
Total Short-Term Liabilities	$1.665B	$1.709B
YoY Change	76.94%	41.36%
LONG-TERM LIABILITIES
Long-Term Debt	$2.071B	$2.076B
YoY Change	-5.0%	-4.6%
Other Long-Term Liabilities	$315.0M	$397.0M
YoY Change	-56.49%	-14.44%
Total Long-Term Liabilities	$2.386B	$2.473B
YoY Change	-17.84%	-6.33%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.665B	$1.709B
Total Long-Term Liabilities	$2.386B	$2.473B
Total Liabilities	$7.727B	$7.856B
YoY Change	7.14%	4.91%
SHAREHOLDERS EQUITY
Retained Earnings	$5.620B	$5.558B
YoY Change	13.97%	14.01%
Common Stock	$7.398B	$7.520B
YoY Change	-4.11%	-3.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$13.03B	$13.09B
YoY Change
Total Liabilities & Shareholders Equity	$20.76B	$20.95B
YoY Change	4.45%	4.04%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	$220.0M	$352.0M
YoY Change	5.77%	-48.01%
Depreciation, Depletion And Amortization	$447.0M	$432.0M
YoY Change	13.74%	17.07%
Cash From Operating Activities	$558.0M	$856.0M
YoY Change	-13.62%	-42.7%
INVESTING ACTIVITIES
Capital Expenditures	$481.0M	$458.0M
YoY Change	-19.43%	-5.37%
Acquisitions
YoY Change
Other Investing Activities	$1.000M	-$250.0M
YoY Change	-96.43%	-5100.0%
Cash From Investing Activities	-$480.0M	-$708.0M
YoY Change	-15.64%	47.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-297.0M	$185.0M
YoY Change	41.43%	-125.87%
NET CHANGE
Cash From Operating Activities	558.0M	$856.0M
Cash From Investing Activities	-480.0M	-$708.0M
Cash From Financing Activities	-297.0M	$185.0M
Net Change In Cash	-219.0M	$333.0M
YoY Change	64.66%	11.0%
FREE CASH FLOW
Cash From Operating Activities	$558.0M	$856.0M
Capital Expenditures	$481.0M	$458.0M
Free Cash Flow	$77.00M	$398.0M
YoY Change	57.14%	-60.59%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2023Q4	us-gaap	Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
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CY2023Q4	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	85000000	usd
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CY2023Q4	us-gaap	Other Assets Current OtherAssetsCurrent	12000000	usd
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CY2023Q4	us-gaap	Assets Current AssetsCurrent	2015000000	usd
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CY2024Q1	us-gaap	Assets Assets	20953000000	usd
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CY2023Q1	ctra	Capitalized Debt Issuance Costs CapitalizedDebtIssuanceCosts	-7000000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	185000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-715000000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	333000000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	300000000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	965000000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	683000000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1298000000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	983000000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	13039000000	usd
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CY2024Q1	ctra	Stock Amortization And Vesting StockAmortizationAndVesting	15000000	usd
CY2024Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	157000000	usd
CY2024Q1	us-gaap	Treasury Stock Retired Cost Method Amount TreasuryStockRetiredCostMethodAmount	0	usd
CY2024Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.21
CY2024Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	160000000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	13089000000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	12659000000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	677000000	usd
CY2023Q1	ctra	Stock Amortization And Vesting StockAmortizationAndVesting	13000000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	3000000	usd
CY2023Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	271000000	usd
CY2023Q1	us-gaap	Treasury Stock Retired Cost Method Amount TreasuryStockRetiredCostMethodAmount	0	usd
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.57
CY2023Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	438000000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	12643000000	usd
CY2024Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="margin-bottom:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">From time to time, we make certain reclassifications to prior year statements to conform with the current year presentation. These reclassifications have no impact on previously reported stockholders’ equity, net income or cash flows.</span></div>
CY2024Q1	us-gaap	Finance Lease Right Of Use Asset Before Accumulated Amortization FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization	26000000	usd
CY2023Q4	us-gaap	Finance Lease Right Of Use Asset Before Accumulated Amortization FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization	25000000	usd
CY2024Q1	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization	25423000000	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization	24967000000	usd
CY2024Q1	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization	7464000000	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization	7034000000	usd
CY2024Q1	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	17959000000	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	17933000000	usd
CY2024Q1	us-gaap	Capitalized Contract Cost Amortization Period CapitalizedContractCostAmortizationPeriod	P1Y
CY2024Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	2575000000	usd
CY2023Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	2075000000	usd
CY2024Q1	us-gaap	Debt Instrument Unamortized Premium DebtInstrumentUnamortizedPremium	85000000	usd
CY2023Q4	us-gaap	Debt Instrument Unamortized Premium DebtInstrumentUnamortizedPremium	90000000	usd
CY2024Q1	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	1000000	usd
CY2023Q4	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	0	usd
CY2024Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	8000000	usd
CY2023Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	4000000	usd
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	2651000000	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	2161000000	usd
CY2024Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	575000000	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	575000000	usd
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2076000000	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1586000000	usd
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CY2024Q1	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	6000000	usd
CY2023Q4	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	1000000	usd
CY2024Q1	us-gaap	Derivative Assets DerivativeAssets	68000000	usd
CY2023Q4	us-gaap	Derivative Assets DerivativeAssets	92000000	usd
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CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral	1000000	usd
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CY2024Q1	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	8000000	usd
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	1000000	usd
CY2024Q1	us-gaap	Derivative Liability Fair Value Gross Asset DerivativeLiabilityFairValueGrossAsset	6000000	usd
CY2023Q4	us-gaap	Derivative Liability Fair Value Gross Asset DerivativeLiabilityFairValueGrossAsset	1000000	usd
CY2024Q1	us-gaap	Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral	2000000	usd
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral	0	usd
CY2024Q1	us-gaap	Derivative Liability Not Subject To Master Netting Arrangement DerivativeLiabilityNotSubjectToMasterNettingArrangement	0	usd
CY2023Q4	us-gaap	Derivative Liability Not Subject To Master Netting Arrangement DerivativeLiabilityNotSubjectToMasterNettingArrangement	0	usd
CY2024Q1	us-gaap	Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	2000000	usd
CY2023Q4	us-gaap	Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	0	usd
CY2024Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	0	usd
CY2023Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	138000000	usd
CY2024Q1	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	35000000	usd
CY2023Q4	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	92000000	usd
CY2022Q4	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	146000000	usd
CY2023Q1	ctra	Fair Value Recurring Basis Unobservable Input Reconciliation Net Derivative Asset Liability Gain Loss Statement Of Income Extensible List Not Disclosed Flag FairValueRecurringBasisUnobservableInputReconciliationNetDerivativeAssetLiabilityGainLossStatementOfIncomeExtensibleListNotDisclosedFlag	Total gain (loss) included in earnings
CY2024Q1	ctra	Fair Value Recurring Basis Unobservable Input Reconciliation Net Derivative Asset Liability Gain Loss Statement Of Income Extensible List Not Disclosed Flag FairValueRecurringBasisUnobservableInputReconciliationNetDerivativeAssetLiabilityGainLossStatementOfIncomeExtensibleListNotDisclosedFlag	Total gain (loss) included in earnings
CY2024Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings	0	usd
CY2023Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings	138000000	usd
CY2024Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales Issues Settlements FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchasesSalesIssuesSettlements	-26000000	usd
CY2023Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales Issues Settlements FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchasesSalesIssuesSettlements	-100000000	usd
CY2024Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Net FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersNet	0	usd
CY2023Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Net FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersNet	0	usd
CY2024Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	66000000	usd
CY2023Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	184000000	usd
CY2024Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	-1000000	usd
CY2023Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	95000000	usd
CY2024Q1	ctra	Number Of Non Financial Assets And Liabilities Impaired NumberOfNonFinancialAssetsAndLiabilitiesImpaired	0	impaired_asset_and_liability
CY2023Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	289000000	usd
CY2024Q1	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	2000000	usd
CY2024Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	3000000	usd
CY2024Q1	us-gaap	Asset Retirement Obligation AssetRetirementObligation	294000000	usd
CY2024Q1	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	11000000	usd
CY2024Q1	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	283000000	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1433000000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1639000000	usd
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	6500000000	usd
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P15Y
CY2024Q1	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	656000000	usd
CY2023Q4	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	723000000	usd
CY2021Q4	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.15
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.20
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.20
CY2024Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.21
CY2024Q1	ctra	Dividends Common Stock Fixed Price Per Share DividendsCommonStockFixedPricePerShare	0.21
CY2024Q1	ctra	Dividends Common Stock Variable Price Per Share DividendsCommonStockVariablePricePerShare	0
CY2024Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.21
CY2024Q1	us-gaap	Dividends Common Stock DividendsCommonStock	160000000	usd
CY2023Q1	ctra	Dividends Common Stock Fixed Price Per Share DividendsCommonStockFixedPricePerShare	0.20
CY2023Q1	ctra	Dividends Common Stock Variable Price Per Share DividendsCommonStockVariablePricePerShare	0.37
CY2023Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.57
CY2023Q1	us-gaap	Dividends Common Stock DividendsCommonStock	438000000	usd
CY2024Q1	us-gaap	Stock Repurchased And Retired During Period Shares StockRepurchasedAndRetiredDuringPeriodShares	6000000	shares
CY2024Q1	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	157000000	usd
CY2024Q1	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	1400000000	usd
CY2024Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	13000000	usd
CY2023Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	16000000	usd
CY2024Q1	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	0	usd
CY2023Q1	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	1000000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	352000000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	677000000	usd
CY2024Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	0	usd
CY2023Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	2000000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	352000000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	675000000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	750000000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	764000000	shares
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	5000000	shares
CY2023Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	4000000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	755000000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	768000000	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.47
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.88
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.47
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.88
CY2023Q4	us-gaap	Restructuring Reserve RestructuringReserve	47000000	usd
CY2022Q4	us-gaap	Restructuring Reserve RestructuringReserve	77000000	usd
CY2024Q1	us-gaap	Restructuring Charges RestructuringCharges	0	usd
CY2023Q1	us-gaap	Restructuring Charges RestructuringCharges	7000000	usd
CY2024Q1	us-gaap	Payments For Restructuring PaymentsForRestructuring	11000000	usd
CY2023Q1	us-gaap	Payments For Restructuring PaymentsForRestructuring	7000000	usd
CY2024Q1	us-gaap	Restructuring Reserve RestructuringReserve	36000000	usd
CY2023Q1	us-gaap	Restructuring Reserve RestructuringReserve	77000000	usd
CY2024Q1	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	656000000	usd
CY2023Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	723000000	usd
CY2024Q1	ctra	Joint Interest Receivable Current JointInterestReceivableCurrent	181000000	usd
CY2023Q4	ctra	Joint Interest Receivable Current JointInterestReceivableCurrent	118000000	usd
CY2024Q1	us-gaap	Other Receivables OtherReceivables	44000000	usd
CY2023Q4	us-gaap	Other Receivables OtherReceivables	4000000	usd
CY2024Q1	ctra	Receivables Gross Current ReceivablesGrossCurrent	881000000	usd
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CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	3000000	usd
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CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	878000000	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	843000000	usd
CY2024Q1	us-gaap	Deferred Compensation Plan Assets DeferredCompensationPlanAssets	35000000	usd
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CY2024Q1	us-gaap	Deferred Finance Costs Noncurrent Gross DeferredFinanceCostsNoncurrentGross	7000000	usd
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CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	312000000	usd
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CY2024Q1	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	84000000	usd
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CY2024Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	444000000	usd
CY2023Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	467000000	usd
CY2024Q1	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	64000000	usd
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CY2024Q1	ctra	Accrued Transportation Costs AccruedTransportationCosts	69000000	usd
CY2023Q4	ctra	Accrued Transportation Costs AccruedTransportationCosts	80000000	usd
CY2024Q1	ctra	Accrued Capital Expenditures AccruedCapitalExpenditures	158000000	usd
CY2023Q4	ctra	Accrued Capital Expenditures AccruedCapitalExpenditures	165000000	usd
CY2024Q1	us-gaap	Accrual For Taxes Other Than Income Taxes Current AccrualForTaxesOtherThanIncomeTaxesCurrent	39000000	usd
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CY2024Q1	ctra	Accrued Lease Operating Costs AccruedLeaseOperatingCosts	41000000	usd
CY2023Q4	ctra	Accrued Lease Operating Costs AccruedLeaseOperatingCosts	39000000	usd
CY2024Q1	us-gaap	Accounts Payable Other Current AccountsPayableOtherCurrent	39000000	usd
CY2023Q4	us-gaap	Accounts Payable Other Current AccountsPayableOtherCurrent	40000000	usd
CY2024Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	788000000	usd
CY2023Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	803000000	usd
CY2024Q1	us-gaap	Accrued Employee Benefits Current AccruedEmployeeBenefitsCurrent	39000000	usd
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CY2024Q1	ctra	Accrual For Ad Valorem And Other Non Income Taxes Current AccrualForAdValoremAndOtherNonIncomeTaxesCurrent	23000000	usd
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CY2024Q1	us-gaap	Restructuring Reserve Current RestructuringReserveCurrent	30000000	usd
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CY2024Q1	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	2000000	usd
CY2023Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	0	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	116000000	usd
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CY2024Q1	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	7000000	usd
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	6000000	usd
CY2024Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	63000000	usd
CY2023Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	20000000	usd
CY2024Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	280000000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	261000000	usd
CY2024Q1	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	35000000	usd
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CY2024Q1	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	17000000	usd
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CY2024Q1	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	5000000	usd
CY2023Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	6000000	usd
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CY2024Q1	us-gaap	Interest Expense Other InterestExpenseOther	22000000	usd
CY2023Q1	us-gaap	Interest Expense Other InterestExpenseOther	20000000	usd
CY2024Q1	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	-5000000	usd
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CY2024Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1000000	usd
CY2023Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1000000	usd
CY2024Q1	ctra	Interest Income Expense Other InterestIncomeExpenseOther	-1000000	usd
CY2023Q1	ctra	Interest Income Expense Other InterestIncomeExpenseOther	-1000000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	19000000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	17000000	usd
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
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CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

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0000858470-24-000069-index.html	Edgar Link	pending
0000858470-24-000069.txt	Edgar Link	pending
0000858470-24-000069-xbrl.zip	Edgar Link	pending
ctra-03312024ex31_1.htm	Edgar Link	pending
ctra-03312024ex31_2.htm	Edgar Link	pending
ctra-03312024ex32_1.htm	Edgar Link	pending
ctra-20240331.htm	Edgar Link	pending
ctra-20240331.xsd	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
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R46.htm	Edgar Link	pending
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ctra-20240331_pre.xml	Edgar Link	unprocessable
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ctra-20240331_htm.xml	Edgar Link	completed
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R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
R9999.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
ctra-20240331_cal.xml	Edgar Link	unprocessable
ctra-20240331_def.xml	Edgar Link	unprocessable

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$CTRA
Coterra Energy Inc. Stock $ctra

2024 Q2 Form 10-Q Financial Statement

#000085847024000069 Filed on May 03, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CTRA Coterra Energy Inc. Stock $ctra

2024 Q2 Form 10-Q Financial Statement

#000085847024000069 Filed on May 03, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CTRA
Coterra Energy Inc. Stock $ctra