Company research
Coterra Energy Inc.
CIK 858470Updated Oct 6, 2026
Historical securities (1)
CTRA · NYSE · equity · closed May 6, 2026CTRA price & chart
This listing closed May 6, 2026. Live provider charts are shown only for current listings.
About the company
Coterra is a premier exploration and production company based in Houston, Texas with focused operations in the Permian Basin, Marcellus Shale, and Anadarko Basin. We strive to be a leading energy producer, delivering sustainable returns through the efficient and responsible development of our diversified asset base. Learn more about us at www.coterra.com. Devon Investor Contact Coterra Investor Contact ─────────────────────────────────────────────────────────────── Chris Carr, 405-228-2496 Daniel Guffey, 281-589-4875 Wade Browne, 405-228-7240 Hannah Stuckey, 281-589-4983 Devon Media Contact Coterra Media Contact Michelle Hindmarch Stephen Flaherty 405-552-7460 281-589-4826
In the news
Devon Energy and Coterra Energy Complete Merger ↗
Veeva Systems Set to Join S&P 500 ↗
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q3 2023 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 24,007,000,000Source | 20,126,000,000Source | 20,101,000,000Source | 23,982,000,000Source | 20,764,000,000Source | 24,627,000,000Source | 23,951,000,000Source | 20,953,000,000Source | 24,241,000,000Source | 21,625,000,000Source | 20,415,000,000Source | 20,154,000,000Source |
| Property, Plant and EquipmentUSD | — | — | — | — | — | 22,179,000,000Source | — | — | — | — | — | — |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 98,000,000Source | 843,000,000Source | 847,000,000Source | 192,000,000Source | 1,070,000,000Source | 485,000,000Source | 186,000,000Source | 1,289,000,000Source | 114,000,000Source | 2,038,000,000Source | 956,000,000Source | 673,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,012,000,000Source | 764,000,000Source | 727,000,000Source | 1,051,000,000Source | 857,000,000Source | 1,259,000,000Source | 1,139,000,000Source | 878,000,000Source | 1,208,000,000Source | 951,000,000Source | 843,000,000Source | 1,221,000,000Source |
| Inventory, NetUSD | 61,000,000Source | 46,000,000Source | 64,000,000Source | 57,000,000Source | 45,000,000Source | 38,000,000Source | 57,000,000Source | 52,000,000Source | 48,000,000Source | 46,000,000Source | 59,000,000Source | 63,000,000Source |
| Assets, CurrentUSD | 1,526,000,000Source | 1,735,000,000Source | 1,713,000,000Source | 1,522,000,000Source | 2,337,000,000Source | 1,968,000,000Source | 1,446,000,000Source | 2,550,000,000Source | 1,849,000,000Source | 3,321,000,000Source | 2,015,000,000Source | 2,211,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 186,000,000Source | 278,000,000Source | 358,000,000Source | 197,000,000Source | 296,000,000Source | 166,000,000Source | 224,000,000Source | 312,000,000Source | 182,000,000Source | 251,000,000Source | 337,000,000Source | 382,000,000Source |
| Other Assets, NoncurrentUSD | 314,000,000Source | 450,000,000Source | 460,000,000Source | 363,000,000Source | 431,000,000Source | 480,000,000Source | 424,000,000Source | 444,000,000Source | 334,000,000Source | 414,000,000Source | 467,000,000Source | 464,000,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 9,281,000,000Source | 7,084,000,000Source | 7,304,000,000Source | 9,418,000,000Source | 7,727,000,000Source | 9,513,000,000Source | 9,719,000,000Source | 7,856,000,000Source | 9,395,000,000Source | 8,495,000,000Source | 7,368,000,000Source | 7,484,000,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 76,000,000Source | 74,000,000Source | 75,000,000Source | 76,000,000Source | 74,000,000Source | 76,000,000Source | 76,000,000Source | 75,000,000Source | 76,000,000Source | 74,000,000Source | 75,000,000Source | 77,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | 6,696,000,000Source | 5,716,000,000Source | 5,101,000,000Source | 6,544,000,000Source | 5,620,000,000Source | 7,193,000,000Source | 6,203,000,000Source | 5,558,000,000Source | 6,894,000,000Source | 5,857,000,000Source | 5,366,000,000Source | 4,636,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 15,000,000Source | 11,000,000Source | 12,000,000Source | 16,000,000Source | 11,000,000Source | 14,000,000Source | 16,000,000Source | 11,000,000Source | 14,000,000Source | 12,000,000Source | 11,000,000Source | 13,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 14,718,000,000Source | 13,034,000,000Source | 12,789,000,000Source | 14,556,000,000Source | 13,029,000,000Source | 15,106,000,000Source | 14,224,000,000Source | 13,089,000,000Source | 14,838,000,000Source | 13,122,000,000Source | 13,039,000,000Source | 12,659,000,000Source |
| Additional Paid in Capital, Common StockUSD | 7,931,000,000Source | 7,233,000,000Source | 7,601,000,000Source | 7,920,000,000Source | 7,324,000,000Source | 7,823,000,000Source | 7,929,000,000Source | 7,445,000,000Source | 7,854,000,000Source | 7,179,000,000Source | 7,587,000,000Source | 7,933,000,000Source |
| Liabilities and EquityUSD | 24,007,000,000Source | 20,126,000,000Source | 20,101,000,000Source | 23,982,000,000Source | 20,764,000,000Source | 24,627,000,000Source | 23,951,000,000Source | 20,953,000,000Source | 24,241,000,000Source | 21,625,000,000Source | 20,415,000,000Source | 20,154,000,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 1,489,000,000Source | 1,080,000,000Source | 1,640,000,000Source | 1,352,000,000Source | 1,665,000,000Source | 1,958,000,000Source | 1,608,000,000Source | 1,709,000,000Source | 1,557,000,000Source | 1,136,000,000Source | 1,660,000,000Source | 1,193,000,000Source |
| Operating Lease, Liability, CurrentUSD | 79,000,000Source | 121,000,000Source | 115,000,000Source | 96,000,000Source | 125,000,000Source | 57,000,000Source | 115,000,000Source | 116,000,000Source | 68,000,000Source | 115,000,000Source | 116,000,000Source | 114,000,000Source |
| Accounts Payable, CurrentUSD | 1,027,000,000Source | 773,000,000Source | 643,000,000Source | 1,081,000,000Source | 775,000,000Source | 1,316,000,000Source | 1,180,000,000Source | 788,000,000Source | 1,056,000,000Source | 833,000,000Source | 803,000,000Source | 844,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 116,000,000Source | 167,000,000Source | 260,000,000Source | 111,000,000Source | 183,000,000Source | 115,000,000Source | 118,000,000Source | 209,000,000Source | 120,000,000Source | 145,000,000Source | 237,000,000Source | 287,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 3,555,000,000Source | 3,359,000,000Source | 3,358,000,000Source | 3,331,000,000Source | 3,390,000,000Source | 3,722,000,000Source | 3,285,000,000Source | 3,391,000,000Source | 3,703,000,000Source | 3,274,000,000Source | 3,413,000,000Source | 3,339,000,000Source |
| Other Liabilities, NoncurrentUSD | 239,000,000Source | 291,000,000Source | 436,000,000Source | 244,000,000Source | 315,000,000Source | 233,000,000Source | 232,000,000Source | 397,000,000Source | 238,000,000Source | 259,000,000Source | 429,000,000Source | 500,000,000Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 187,000,000Source | 291,000,000Source | 316,000,000Source | 201,000,000Source | 285,000,000Source | 367,000,000Source | 296,000,000Source | 280,000,000Source | 197,000,000Source | 276,000,000Source | 261,000,000Source | 328,000,000Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 3,703,000,000Source | 3,274,000,000Source | 3,413,000,000Source | 3,339,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 3,672,000,000Source | 2,066,000,000Source | 1,592,000,000Source | 4,175,000,000Source | 2,071,000,000Source | 3,263,000,000Source | 4,280,000,000Source | 2,076,000,000Source | 3,568,000,000Source | 3,535,000,000Source | 1,586,000,000Source | 2,181,000,000Source |
| Long-term Debt, Current MaturitiesUSD | 250,000,000Source | 0Source | 575,000,000Source | — | 575,000,000Source | 250,000,000Source | — | 575,000,000Source | 250,000,000Source | 0Source | 575,000,000Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 3,672,000,000Source | 2,066,000,000Source | 1,592,000,000Source | 4,175,000,000Source | 2,071,000,000Source | 3,263,000,000Source | 4,280,000,000Source | 2,076,000,000Source | 3,568,000,000Source | 3,535,000,000Source | 1,586,000,000Source | 2,181,000,000Source |
| Short-term Investments | — | — | — | — | —Source | — | — | —Source | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | 619,000,000Source | 475,000,000Source | 579,000,000Source | 447,000,000Source | 555,000,000Source | 506,000,000Source | 2,370,000,000Source | 1,840,000,000Source | 1,641,000,000Source | 1,635,000,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | -10,000,000Source | 8,000,000Source | -1,000,000Source | -13,000,000Source | -4,000,000Source | 24,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 23,000,000Source | 11,000,000Source | 435,000,000Source | -145,000,000Source | 74,000,000Source | 235,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 1,646,000,000Source | 1,144,000,000Source | 4,021,000,000Source | 2,795,000,000Source | 3,658,000,000Source | 5,456,000,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | 0Source | 3,219,000,000Source | 3,238,000,000Source | — | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -756,000,000Source | -3,728,000,000Source | -5,628,000,000Source | -1,762,000,000Source | -2,059,000,000Source | -1,674,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | 86,000,000Source | 0Source | 3,000,000Source | — | — | — |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 16,000,000Source | 21,000,000Source | — | — | 10,000,000Source | 25,000,000Source |
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 35,000,000Source | 24,000,000Source | 141,000,000Source | 455,000,000Source | 405,000,000Source | 1,250,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -519,000,000Source | 528,000,000Source | -551,000,000Source | 279,000,000Source | -1,317,000,000Source | -4,145,000,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 169,000,000Source | 178,000,000Source | 682,000,000Source | 625,000,000Source | 890,000,000Source | 1,992,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | — | — | — | 1,000,000Source | 1,000,000Source | -28,000,000Source | -23,000,000Source | — | — |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | 469,000,000Source | 250,000,000Source | 1,446,000,000Source | 575,000,000Source | 0Source | 874,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 371,000,000Source | -2,056,000,000Source | -2,158,000,000Source | 1,312,000,000Source | 282,000,000Source | -363,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 103,000,000Source | 848,000,000Source | 216,000,000Source | 1,079,000,000Source | 490,000,000Source | 221,000,000Source | 119,000,000Source | 2,277,000,000Source | 965,000,000Source | 683,000,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | — | 183,000,000Source | 99,000,000Source | 84,000,000Source | 119,000,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 291,000,000Source | 341,000,000Source | 388,000,000Source | 983,000,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 13,000,000Source | 14,000,000Source | 14,000,000Source | 16,000,000Source | 19,000,000Source | 16,000,000Source | 63,000,000Source | 62,000,000Source | 59,000,000Source | 86,000,000Source |
| Amortization of Debt Issuance CostsUSD | — | — | 3,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source | 2,000,000Source | 6,000,000Source | 9,000,000Source | 3,000,000Source | 4,000,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | — | — | — | — | -5,000,000Source | -3,000,000Source | -15,000,000Source | -12,000,000Source | -18,000,000Source | -40,000,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | — | — | — | — | — | — | 3,000,000Source | 3,000,000Source | 13,000,000Source | 11,000,000Source | 11,000,000Source | 9,000,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | 62,000,000Source | 64,000,000Source | 232,000,000Source | -16,000,000Source | -434,000,000Source | -112,000,000Source | 351,000,000Source | -3,000,000Source | 230,000,000Source | -463,000,000Source |
| Gain (Loss) on Sale of DerivativesUSD | — | — | 62,000,000Source | 64,000,000Source | 232,000,000Source | -16,000,000Source | -434,000,000Source | -112,000,000Source | 351,000,000Source | -3,000,000Source | 230,000,000Source | -463,000,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | 1,000,000Source | 3,000,000Source | 4,000,000Source | 1,000,000Source | -3,000,000Source | 0Source | 5,000,000Source | 3,000,000Source | 12,000,000Source | -1,000,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | 28,000,000Source |
| General and Administrative ExpenseUSD | — | — | 83,000,000Source | 75,000,000Source | 84,000,000Source | 68,000,000Source | 79,000,000Source | 92,000,000Source | 323,000,000Source | 302,000,000Source | 291,000,000Source | 396,000,000Source |
| Income Tax Expense (Benefit)USD | — | — | 101,000,000Source | 67,000,000Source | 147,000,000Source | 61,000,000Source | 137,000,000Source | 141,000,000Source | 546,000,000Source | 224,000,000Source | 503,000,000Source | 1,104,000,000Source |
| InterestExpenseNonoperatingUSD | — | — | 50,000,000Source | 24,000,000Source | 53,000,000Source | 34,000,000Source | 46,000,000Source | 53,000,000Source | 205,000,000Source | 106,000,000Source | — | — |
| Investment Income, InterestUSD | — | — | 2,000,000Source | 16,000,000Source | 2,000,000Source | 19,000,000Source | 3,000,000Source | 8,000,000Source | 14,000,000Source | 62,000,000Source | 47,000,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 322,000,000Source | 252,000,000Source | 511,000,000Source | 220,000,000Source | 466,000,000Source | 516,000,000Source | 1,717,000,000Source | 1,121,000,000Source | 1,625,000,000Source | 4,065,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 321,000,000Source | 251,000,000Source | 511,000,000Source | 219,000,000Source | 466,000,000Source | 516,000,000Source | 1,716,000,000Source | 1,120,000,000Source | 1,620,000,000Source | 4,057,000,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 0Source | 0Source | 1,000,000Source | 0Source | — | — | 2,000,000Source | 0Source | 0Source | 2,000,000Source |
| Payments of DividendsUSD | — | — | — | — | — | — | — | — | 680,000,000Source | 630,000,000Source | — | — |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | 169,000,000Source | 1,000,000,000Source | 1,746,000,000Source | 1,990,000,000Source | 0Source | 0Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | — | — | — | — | 2,000,000Source | 12,000,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 1,755,000,000Source | 1,295,000,000Source | 1,733,000,000Source | 1,287,000,000Source | 2,381,000,000Source | 2,016,000,000Source | 7,294,000,000Source | 5,461,000,000Source | 5,684,000,000Source | 9,514,000,000Source |
| Operating Income (Loss)USD | — | — | 471,000,000Source | 327,000,000Source | 708,000,000Source | 296,000,000Source | 646,000,000Source | 702,000,000Source | 2,452,000,000Source | 1,389,000,000Source | 2,154,000,000Source | 5,209,000,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 0Source | 0Source | 1,000,000Source | 0Source | — | — | 2,000,000Source | 0Source | 0Source | 2,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 423,000,000Source | 319,000,000Source | 658,000,000Source | 281,000,000Source | 603,000,000Source | 657,000,000Source | 2,263,000,000Source | 1,345,000,000Source | 2,128,000,000Source | 5,169,000,000Source |
| Income Tax Expense (Benefit)USD | — | — | 101,000,000Source | 67,000,000Source | 147,000,000Source | 61,000,000Source | 137,000,000Source | 141,000,000Source | 546,000,000Source | 224,000,000Source | 503,000,000Source | 1,104,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 322,000,000Source | 252,000,000Source | 511,000,000Source | 220,000,000Source | 466,000,000Source | 516,000,000Source | 1,717,000,000Source | 1,121,000,000Source | 1,625,000,000Source | 4,065,000,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.42Source | 0.34Source | 0.67Source | 0.3Source | 0.61Source | 0.68Source | 2.25Source | 1.51Source | 2.14Source | 5.09Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.42Source | 0.34Source | 0.67Source | 0.29Source | 0.61Source | 0.68Source | 2.24Source | 1.5Source | 2.13Source | 5.08Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 763,000,000Source | 738,000,000Source | 763,000,000Source | 742,000,000Source | 759,000,000Source | 756,000,000Source | 761,000,000Source | 742,000,000Source | 756,000,000Source | 796,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 767,000,000Source | 744,000,000Source | 767,000,000Source | 748,000,000Source | 763,000,000Source | 761,000,000Source | 764,000,000Source | 745,000,000Source | 760,000,000Source | 799,000,000Source |
| Interest Expense (non-operating)USD | — | — | 50,000,000Source | 24,000,000Source | 53,000,000Source | 34,000,000Source | 46,000,000Source | 53,000,000Source | 205,000,000Source | 106,000,000Source | — | — |
| Additional Financial Items | ||||||||||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | — | — | — | 0.21Source | — | 0.22Source | 0.88Source | 0.84Source | 1.17Source | 2.49Source |
| Costs and ExpensesUSD | — | — | 1,347,000,000Source | 1,035,000,000Source | 1,261,000,000Source | 976,000,000Source | 1,298,000,000Source | 1,202,000,000Source | 5,198,000,000Source | 4,072,000,000Source | 3,772,000,000Source | 3,841,000,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 111,000,000Source | 369,000,000Source | 429,000,000Source | 869,000,000Source |
| General and Administrative ExpenseUSD | — | — | 83,000,000Source | 75,000,000Source | 84,000,000Source | 68,000,000Source | 79,000,000Source | 92,000,000Source | 323,000,000Source | 302,000,000Source | 291,000,000Source | 396,000,000Source |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 73,000,000Source | 110,000,000Source |
| Interest Income (Expense), NetUSD | — | — | — | — | — | — | — | — | — | — | — | -70,000,000Source |
| Investment Income, InterestUSD | — | — | 2,000,000Source | 16,000,000Source | 2,000,000Source | 19,000,000Source | 3,000,000Source | 8,000,000Source | 14,000,000Source | 62,000,000Source | 47,000,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 321,000,000Source | 251,000,000Source | 511,000,000Source | 219,000,000Source | 466,000,000Source | 516,000,000Source | 1,716,000,000Source | 1,120,000,000Source | 1,620,000,000Source | 4,057,000,000Source |
| Preferred Stock, Dividends Per Share, DeclaredUSD per share | — | — | — | — | — | — | — | — | — | — | — | 20.31Source |
| Taxes, MiscellaneousUSD | — | — | 93,000,000Source | 66,000,000Source | 87,000,000Source | 54,000,000Source | 101,000,000Source | 96,000,000Source | 366,000,000Source | 271,000,000Source | 283,000,000Source | 366,000,000Source |
Offerings
Registration 333-68350
Filing attachments
ctra12312025ex991.htm · 10-K · 2026-02-27
EXHIBIT 99.1 DeGolyer and MacNaughton 5001 Spring Valley Road Suite 800 East Dallas, Texas 75244 January 29, 2026 Coterra Energy Inc. Three Memorial City Plaza 840 Gessner Road Suite 1400 Houston, Texas 77024 Ladies and Gentlemen: Pursuant to your request, this report of third party presents an independent evaluation, as of December 31, 2025, of the estimated net proved oil, condensate, natural gas liquids (NGL), and gas reserves of certain properties in which Coterra Energy Inc. (Co…
Read attachment ↗tm264761d2_ex99-1.htm · 425 · 2026-02-02
Exhibit 99.1 Devon Energy and Coterra Energy to Combine, Creating a Premier Shale Operator OKLAHOMA CITY & HOUSTON - February 2, 2026 - Devon Energy (“Devon”) (NYSE: DVN) and Coterra Energy (“Coterra”) (NYSE: CTRA) today announced the signing of a definitive agreement to merge in an all-stock transaction. The combination will create a leading large-cap shale operator with a high-quality asset base anchored by a premier position in the economic core of the Delaware Basin. The combined company…
Read attachment ↗tm264761d2_ex99-2.htm · 425 · 2026-02-02
Exhibit 99.2 Devon & Coterra Transformative Merger February 2, 2026 | 2 OIL 34% GAS 44% NGL 22% Pro Forma 2026e Production 1.6 > MMBOED Transformative Merger Creates Premier Shale Operator • Must - own, large - cap independent with $58 billion pro forma enterprise value 1 • Resilience anchored by high - margin L48 portfolio & balanced commodity mix Large - Cap Shale Powerhouse • Underpins over 50% of enterprise - wide production and free cash flow • >10 years of highly competitive inventory 2 …
Read attachment ↗tm264761d1_ex99-1.htm · 8-K · 2026-02-02
Exhibit 99.1 Devon Energy and Coterra Energy to Combine, Creating a Premier Shale Operator OKLAHOMA CITY & HOUSTON - February 2, 2026 - Devon Energy (“Devon”) (NYSE: DVN) and Coterra Energy (“Coterra”) (NYSE: CTRA) today announced the signing of a definitive agreement to merge in an all-stock transaction. The combination will create a leading large-cap shale operator with a high-quality asset base anchored by a premier position in the economic core of the Delaware Basin. The combined company…
Read attachment ↗tm264761d1_ex99-2.htm · 8-K · 2026-02-02
Exhibit 99.2 Devon & Coterra Transformative Merger February 2, 2026 | 2 OIL 34% GAS 44% NGL 22% Pro Forma 2026e Production 1.6 > MMBOED Transformative Merger Creates Premier Shale Operator • Must - own, large - cap independent with $58 billion pro forma enterprise value 1 • Resilience anchored by high - margin L48 portfolio & balanced commodity mix Large - Cap Shale Powerhouse • Underpins over 50% of enterprise - wide production and free cash flow • >10 years of highly competitive inventory 2 …
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