BRIEF-Coterra Announces Accretive Permian Basin Acquisitions-March 2024-www.financetom.com

BRIEF-Coterra Announces Accretive Permian Basin Acquisitions

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BRIEF-Coterra Announces Accretive Permian Basin Acquisitions

Nov 13, 2024 5:41 AM

Nov 13 (Reuters) - Coterra Energy Inc ( CTRA ):

* COTERRA ANNOUNCES ACCRETIVE PERMIAN BASIN ACQUISITIONS

* COTERRA ENERGY INC ( CTRA ): PROPOSED DEAL FOR AGGREGATE

CONSIDERATION OF

$3.95 BILLION

* COTERRA ENERGY INC ( CTRA ): CONSIDERATION CONSISTING OF $2.95

BILLION OF

CASH AND $1.0 BILLION OF COTERRA COMMON STOCK

* COTERRA: CASH PORTION OF DEAL EXPECTED TO BE FUNDED VIA

CASH ON

HAND AND BORROWINGS

* COTERRA: SEES ACQUISITIONS >15% ACCRETIVE TO ESTIMATED

2025-2027

PER SHARE DISCRETIONARY CASH FLOW, FCF

* COTERRA ENERGY INC OUTLOOK 2025 PRO FORMA OIL PRODUCTION

150-TO-170 MBOD

* COTERRA ENERGY INC OUTLOOK 2025 PRO FORMA TOTAL EQUIVALENT

PRODUCTION OF 720-760 MBOED

Source text:

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