Every 8-K that Coterra Energy Inc. (CTRA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CTRA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CTRA filings page.
Coterra Energy Inc. has completed its merger with Devon Energy Corporation, becoming a wholly owned Devon subsidiary. Each share of Coterra common stock (other than excluded shares) was converted into the right to receive 0.70 shares of Devon common stock, with cash paid instead of fractional shares.
Coterra terminated its credit agreement and paid all outstanding principal, interest and fees in full. In connection with the merger, Coterra common stock was delisted from the NYSE and will be deregistered, and all prior directors and officers, including Thomas E. Jorden, ceased serving at closing.
Coterra Energy Inc. held a virtual special stockholder meeting where investors approved its planned merger with Devon Energy Corporation. Stockholders voted to adopt and approve the Agreement and Plan of Merger among Coterra, Devon and a Devon subsidiary, covering the merger and related transactions.
They also approved, on a non-binding advisory basis, the compensation that may be paid or become payable to Coterra’s named executive officers in connection with the merger. The company expects the transactions under the merger agreement to close on or about May 7, 2026, assuming all customary closing conditions are satisfied.
Coterra Energy Inc. reports that the Hart-Scott-Rodino antitrust waiting period for its planned merger with Devon Energy expired at 11:59 p.m. Eastern Time on April 1, 2026, satisfying a key regulatory condition. Under the merger agreement, a Devon subsidiary will merge into Coterra, leaving Coterra as a wholly owned Devon subsidiary. The companies now expect the merger to close in the second quarter of 2026, subject to remaining customary conditions. Devon has an effective Form S-4 registration statement, and both companies have mailed a joint proxy statement/prospectus to stockholders for votes on the proposed transaction.
Coterra Energy reported strong fourth-quarter and full-year 2025 results, raised detailed 2026 guidance, and highlighted its pending all-stock merger with Devon Energy. 2025 cash flow from operating activities was $4.0 billion and Free Cash Flow (non-GAAP) reached $2.0 billion, up 44% and 67% from 2024. The company returned $820 million to shareholders in 2025 and allocated 75% of Free Cash Flow to dividends, buybacks, and debt reduction, while reducing a term loan from $1.0 billion to $300 million to be fully repaid in February 2026.
Year-end 2025 proved reserves totaled 2,565 MMBoe, up about 13%, with positive revisions and acquisition additions. Coterra declared a quarterly dividend of $0.22 per share and guided 2026 standalone production to 750–810 MBoepd with capital spending of $2.25 billion at the midpoint, implying about $2.35 billion of 2026 Free Cash Flow at strip prices. The balance sheet remained conservative with a Net Debt to Adjusted EBITDAX ratio of 0.8x and roughly $2.1 billion of liquidity.
Under the agreed all-stock merger, Coterra shareholders will receive 0.70 share of Devon common stock for each Coterra share, leaving Devon holders with approximately 54% and Coterra holders with 46% of the combined company on a fully diluted basis. Management expects the combination to create a Delaware Basin–focused shale leader targeting pre-tax synergy capture of $1 billion per year on a run-rate basis by year-end 2027, with enhanced Free Cash Flow supporting a strong base dividend and buyback program. Detailed risk factors and forward-looking statements emphasize regulatory approvals, integration execution, commodity price volatility, and other industry and macroeconomic uncertainties.
Coterra Energy agreed to merge with Devon Energy in an all-stock transaction where each share of Coterra common stock will convert into 0.70 shares of Devon common stock at closing. After the merger, Coterra stockholders are expected to own about 46% of the combined company and Devon stockholders about 54%.
The combined company will keep the Devon name and ticker, with its chief executive based in Houston and a significant presence in Oklahoma City. Governance is pre-arranged: Devon will designate six directors and Coterra five, with Devon’s current CEO leading the combined company and Coterra’s current CEO becoming board chair. The agreement includes customary closing conditions, reciprocal $865 million termination fees, and revised change-in-control severance terms for key Coterra executives that accelerate equity vesting if employment ends during a two-year protection period.
Coterra Energy Inc. provided an update on its realized commodity prices and hedge impact for the quarter ended December 31, 2025. Average sales prices excluding hedges were $58.16 per barrel for oil, $2.37 per Mcf for natural gas and $15.63 per barrel for NGLs. Including the effect of hedges, average prices were $60.34 per barrel for oil, $2.44 per Mcf for natural gas and $15.63 per barrel for NGLs.
For the fourth quarter of 2025, Coterra anticipates recognizing $57 million of net cash received on settlements of derivative instruments, reflecting the contribution of its hedging program to cash flows. The company noted that these realized prices and hedge impacts remain subject to completion of financial closing procedures and final adjustments.
Coterra Energy Inc. (CTRA) furnished its third‑quarter 2025 earnings update. On November 3, 2025, the company issued a press release covering Q3 2025 results, furnished as Exhibit 99.1 under Item 2.02.
The release includes certain non‑GAAP financial measures, with the most directly comparable GAAP measures and reconciliations provided within the press release. Exhibit 99.1 is furnished, not filed, and is not incorporated by reference into other filings unless specifically identified as such.
Coterra Energy Inc. (CTRA) reported preliminary third‑quarter realized prices and derivative settlements. For the quarter ended September 30, 2025, average sales prices excluding hedges were $64.10 per Bbl for oil, $1.95 per Mcf for natural gas, and $17.02 per Bbl for NGLs. Including hedges, average sales prices were $64.79 per Bbl for oil, $2.05 per Mcf for natural gas, and $17.02 per Bbl for NGLs.
The company anticipates recognizing $36 million in net cash received on settlements of derivative instruments for the third quarter of 2025. These figures are subject to completion of financial closing procedures, final adjustments and other developments that may arise.
Coterra Energy appointed Gregory F. Conaway as Vice President and Chief Accounting Officer and executive officer effective September 22, 2025. Mr. Conaway joined the company in August 2025 after serving as Vice President—Accounting and previously held chief accounting roles at Acuren Corporation (Nov 2024–Apr 2025), Callon Petroleum Operating Co. (Jan 2020–Mar 2024) and Carrizo Oil & Gas, Inc. (Jul 2011–Dec 2019). He holds a B.B.A. in Accounting and an M.B.A. from Angelo State University. The company and Mr. Conaway entered standard indemnification and severance agreements referenced by earlier filings. The prior Vice President and Chief Accounting Officer, Todd M. Roemer, will retire after the 2025 annual report filing and will remain employed as Special Advisor to the CFO during his separation.