Docoh
Loading...

CTRA Coterra Energy

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the exploration, development, and production of natural gas properties exclusively onshore in the United States. As of December 31, 2020, the Company had approximately 13.7 Tcfe of total proved reserves. Cabot’s 2020 net production was 100% natural gas from the Marcellus Shale in northeastern Pennsylvania. The Company’s success in developing abundant unconventional supplies of natural gas helps to support the goal of reducing total greenhouse gas emissions while achieving energy independence in the United States.

Company profile

Ticker
CTRA, COG
Exchange
Website
CEO
Dan Dinges
Employees
Incorporated
Location
Fiscal year end
Former names
CABOT OIL & GAS CORP
SEC CIK
Subsidiaries
Big Sandy Gas Company • Cabot Pipeline Holdings LLC • Cody Energy LLC • COG Finance Corporation • COG Holdings LLC • GasSearch Drilling Services Corporation • Susquehanna Real Estate I Corporation ...
IRS number
43072771

CTRA stock data

(
)

Calendar

30 Jul 21
19 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 168.91M 168.91M 168.91M 168.91M 168.91M 168.91M
Cash burn (monthly) 5.44M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 19.89M n/a n/a n/a n/a n/a
Cash remaining 149.03M n/a n/a n/a n/a n/a
Runway (months of cash) 27.4 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Oct 21 Dan O Dinges Common Stock Payment of exercise Dispose F No No 22.25 123,896 2.76M 3,918,716
1 Oct 21 Dan O Dinges Common Stock Option exercise Acquire M No No 0 314,855 0 4,042,612
1 Oct 21 Dan O Dinges Common Stock Payment of exercise Dispose F No No 22.25 66,713 1.48M 3,727,757
1 Oct 21 Dan O Dinges Common Stock Grant Acquire A No No 0 169,537 0 3,794,470
1 Oct 21 Dan O Dinges Common Stock Payment of exercise Dispose F No No 22.25 144,284 3.21M 3,624,933
1 Oct 21 Dan O Dinges Common Stock Option exercise Acquire M No No 0 366,667 0 3,769,217
1 Oct 21 Dan O Dinges Common Stock Payment of exercise Dispose F No No 22.25 58,269 1.3M 3,402,550
1 Oct 21 Dan O Dinges Common Stock Grant Acquire A No No 0 148,077 0 3,460,819
1 Oct 21 Dan O Dinges Common Stock Payment of exercise Dispose F No No 22.25 90,214 2.01M 3,312,742
1 Oct 21 Dan O Dinges Common Stock Option exercise Acquire M No No 0 229,259 0 3,402,956

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

49.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 448 480 -6.7%
Opened positions 80 62 +29.0%
Closed positions 112 67 +67.2%
Increased positions 154 146 +5.5%
Reduced positions 150 181 -17.1%
13F shares
Current Prev Q Change
Total value 7.01B 8.82B -20.5%
Total shares 400.28M 379.95M +5.4%
Total puts 2.6M 1.2M +117.2%
Total calls 3.25M 1.6M +103.0%
Total put/call ratio 0.8 0.7 +7.0%
Largest owners
Shares Value Change
Capital World Investors 46.56M $812.86M +68.5%
Vanguard 45.67M $797.4M +0.6%
Aristotle Capital Management 43.96M $767.57M +2.1%
STT State Street 30.68M $535.66M -4.4%
BLK Blackrock 26.35M $460.1M -11.8%
JPM JPMorgan Chase & Co. 21.68M $378.62M +74.1%
IVZ Invesco 13.4M $234.02M +24.2%
Geode Capital Management 7.42M $129.42M +8.4%
BK Bank Of New York Mellon 6.33M $110.55M +16.7%
D. E. Shaw & Co. 6.24M $108.97M +811.2%
Largest transactions
Shares Bought/sold Change
Capital World Investors 46.56M +18.93M +68.5%
FMR 121.86K -11.34M -98.9%
JPM JPMorgan Chase & Co. 21.68M +9.23M +74.1%
MN Manning & Napier 1.55M -7.69M -83.2%
D. E. Shaw & Co. 6.24M +5.56M +811.2%
Renaissance Technologies 3.61M +3.61M NEW
BLK Blackrock 26.35M -3.53M -11.8%
DAVENPORT & Co 3.43M +3.27M +1998.8%
Lord, Abbett & Co. 0 -2.86M EXIT
TFC Truist Financial 3.09M +2.76M +814.0%

Financial report summary

?
Risks
  • The Merger may not to be completed and the Merger Agreement may be terminated in accordance with its terms.
  • The termination of the Merger Agreement could negatively impact our business or result in our having to pay a termination fee.
  • The business relationships of Cabot and Cimarex may be subject to disruption due to uncertainty associated with the Merger, which could have a material adverse effect on the business, financial condition, cash flows and results of operations of Cabot or Cimarex pending and following the Merger.
  • The Merger Agreement subjects us to restrictions on our business activities prior to the effective time of the Merger, limits our ability to pursue alternatives to the Merger and may discourage other companies from making a favorable alternative transaction proposal.
  • The failure to integrate the businesses and operations of Cabot and Cimarex successfully in the expected time frame may adversely affect the combined business’ future results.
  • The combined business may fail to realize all of the anticipated benefits of the Merger.
  • The market price of our common stock may decline if large amounts of our common stock are sold following the Cimarex acquisition.
  • Lawsuits have been filed against Cimarex and its directors in connection with the Merger and additional lawsuits relating to the Merger may be filed against Cimarex and its directors or against Cabot and its directors in the future. An adverse ruling in any such lawsuit could result in an injunction preventing the completion of the Merger and/or substantial costs to Cabot and Cimarex.
  • The indebtedness of the combined business may limit its financial flexibility.
  • Following the completion of the Merger, we may incorporate Cimarex’s hedging activities into our business, and we may be exposed to additional commodity price risks arising from such hedges.
  • The declaration, payment and amounts of dividends, if any, distributed to our stockholders following competition of the Merger will be uncertain.
  • The combined business may record goodwill and other intangible assets that could become impaired and result in material non-cash charges to the results of operations of the combined business in the future.
  • Our ability to utilize Cimarex’s historic net operating loss carryforwards may be limited.
Management Discussion
  • We reported net income in the second quarter of 2021 of $30.5 million, or $0.08 per share, compared to net income of $30.4 million, or $0.08 per share, in the second quarter of 2020. Although net income was flat over the periods, net income in the second quarter of 2021 was impacted by lower operating expenses and interest expense, partially offset by lower operating revenues and higher income tax expense.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: abetted, absence, achieve, achievement, acquire, acquired, acquirer, acquisition, Additionally, advisory, aided, al, appointed, asserted, attempting, automatically, aware, bear, behalf, blended, breached, broad, brought, captioned, Chancery, choose, Cimarex, claim, Code, Colorado, combination, combine, combined, combining, compel, competing, competition, complaint, conduct, consummated, consummation, converted, criminal, customary, Dan, decide, decree, defense, Delaware, deployed, desire, discourage, dispose, diversification, diversion, divert, duty, Elliot, Emp, enacted, enjoin, entity, equal, eventual, exacerbated, expand, Ezell, fail, fee, fiduciary, flexibility, fractional, frame, fully, goodwill, Graff, guaranty, heating, hold, Houston, illegal, independent, injunction, inspection, intangible, joint, jurisdiction, key, large, lawsuit, leadership, lieu, litigation, located, long, longer, lose, lowest, manner, merger, merit, Mexico, Middle, misleading, motion, multiplying, nationally, nonappealable, offer, Oklahoma, ONRR, ordinary, organizational, ownership, paragraph, parent, past, pendency, pending, perception, permanently, permissible, personnel, pertaining, Phillip, plaintiff, pleading, President, proceed, profile, prohibited, prohibiting, prohibition, proper, prospective, published, purported, putative, receipt, recommendation, reconstituted, redeem, refinance, refinancing, registration, relief, renegotiate, repay, requisite, rescission, rescissory, Resource, restated, Ret, retain, retroactively, rolling, Rule, ruling, satisfactory, satisfied, scale, Schroeder, Scott, Section, seek, sell, separate, served, shareholder, single, soliciting, Southern, Stalnaker, statutory, stockholder, strength, structure, styled, subsidiary, successful, successfully, suit, summer, Sys, tangible, taxable, team, terminate, terminated, terminating, termination, timeframe, treatment, turn, unanimously, uncertain, undergo, undergone, unforeseen, unknown, unpaid, unresolved, unutilized, venture, Vice, vote, voted, vulnerability, waived, Wang, weak, Woodyard, York
Removed: begun, depressed, downturn, fiscal, implementation, improvement, resume