Welcome to our dedicated page for Coterra Energy SEC filings (Ticker: CTRA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Coterra Energy Inc. filings document the company's exploration and production disclosures, capital structure and completed corporate-status change. Its regulatory record includes Form 8-K reports on operating and financial results, realized prices for oil, natural gas and NGLs, derivative activity, material agreements, shareholder voting matters and governance matters.
Later filings document the consummation of Coterra's merger with Devon Energy, the company's survival as a wholly owned subsidiary, related termination of material agreements and the Form 25 notification for removal of Coterra common stock from listing and registration on the New York Stock Exchange.
Devon Energy and Coterra Energy plan an at‑market, all‑stock merger to create a large shale producer focused on the Delaware Basin. Management highlights expected $1 billion in annual pre‑tax synergies by year‑end 2027, split among capital optimization, operating cost savings and corporate overhead reductions. They state that on a PV‑10 basis, these synergies equal roughly 20% of the combined market cap.
The pro forma business is described as producing over 1.6 million boe/day, with more than 860,000 boe/day from the Delaware Basin, about 750,000 net acres, and nearly 5,000 gross drilling locations with many sub‑$40 breakevens. The companies emphasize technology and AI as tools to improve capital efficiency and well performance.
Financially, they cite $4.4 billion of liquidity, net debt‑to‑EBITDAX of 0.9x, and a reinvestment rate below 50%. The combined company plans a $0.315 per‑share quarterly dividend and anticipates a new share repurchase authorization of more than $5 billion, while targeting strong free cash flow yields versus peers and maintaining an investment‑grade balance sheet.
Devon Energy and Coterra Energy plan an at‑market, all‑stock merger that would create a premier U.S. shale operator centered on the Delaware Basin. The companies target closing in the second quarter of 2026, subject to regulatory and shareholder approvals, with Devon as the surviving name.
The combined business is described as one of the largest shale producers, with about 1.6 million barrels of oil equivalent per day and more than half of production and cash flow coming from the Delaware Basin, where current volumes exceed 860,000 barrels of oil equivalent per day. Management highlights roughly 750,000 net acres, nearly 5,000 drilling locations and more than 10 years of high‑return inventory.
They project $1 billion in annual pre‑tax synergies by year‑end 2027, split between capital optimization, operating margin improvements and corporate cost reductions, with a net present value estimated at about 20% of the combined market capitalization. Leadership also cites strong credit metrics, including $4.4 billion of liquidity and net debt to EBITDAX of 0.9 times, supporting a planned $0.315 per‑share quarterly dividend and a future share repurchase authorization in excess of $5 billion. The headquarters and executive team will be based in Houston, while maintaining a significant presence in Oklahoma City.
Coterra Energy and Devon Energy describe procedural and risk details for their proposed merger. Devon plans to file a Form S-4 registration statement to register shares of its common stock to be issued in the transaction, containing a joint proxy statement/prospectus for both companies’ shareholders.
The text urges investors and security holders of both companies to read the registration statement, joint proxy statement/prospectus and related SEC filings in full when available, and explains how to obtain these documents free of charge. It also notes that directors, executives and certain employees of both companies may be deemed participants in the proxy solicitation and provides extensive forward-looking statement disclaimers outlining regulatory, integration, market and operational risks that could affect completion and outcomes of the proposed merger.
Coterra Energy and Devon Energy plan to merge to create a large-cap shale operator anchored by a premier Delaware Basin position. The companies expect the combination to unlock 1 billion in synergies for 2027 and increase free cash flow generation.
The combined company will be named Devon Energy and headquartered in Houston, while maintaining a significant presence in Oklahoma City and an operational center in Midland for the Permian Basin. Closing is targeted for the second quarter of 2026, subject to regulatory and stockholder approvals.
Leadership is outlined with Clay Gaspar expected as President and CEO and Tom Jorden as Non-Executive Chairman, with defined direct reports and other executive roles. The FAQ confirms there will be employee reductions as part of corporate cost cuts, with severance eligibility under Coterra’s Change in Control Severance Plan, and indicates that benefits are broadly comparable, with both companies operating independently until closing.
Coterra Energy Inc. describes a proposed merger with Devon Energy and outlines how the combined company will be structured and governed. The email to employees explains that Clay Gaspar is expected to become President and CEO of the combined company, while Tom will serve as Chairman of the Board, with the headquarters in Houston and Oklahoma City remaining an important location. It notes that organizational and staffing decisions will begin before closing, anticipated in the second quarter, and highlights a change-in-control policy intended to cushion any job losses. The communication also explains that Devon will file a Form S-4, including a joint proxy statement/prospectus, and urges investors to read those SEC materials when available for detailed information on the transaction.
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.
Wellington Management Group and affiliates report a significant stake in Coterra Energy Inc. common stock. The filing states that Wellington-related entities beneficially own 80,114,852 shares of Coterra common stock, representing approximately 10.52% of the outstanding class as described in the ownership section.
The shares are held for clients of various Wellington investment advisers, with shared voting and dispositive power across the group and no sole voting or dispositive authority reported. The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Coterra Energy.
Wellington Management filed an amended Schedule 13G reporting beneficial ownership of 74,645,633 Coterra Energy (CTRA) common shares, representing 9.8% of the class as of 09/30/2025.
The filing shows shared voting power over 71,472,821 shares and shared dispositive power over 74,645,572 shares, with 0 shares under sole voting or dispositive power for the reporting entities. Wellington certified the holdings were acquired and are held in the ordinary course on a passive basis, not to influence control. The securities are owned of record by clients of Wellington-affiliated advisers, and no single client is known to hold more than five percent of the class.
Coterra Energy Inc. filed its Q3 2025 report, showing stronger results aided by newly acquired Delaware Basin assets. For the quarter, revenue was $1.817 billion and net income was $322 million, with diluted EPS of $0.42. For the nine months, revenue reached $5.686 billion and net income was $1.349 billion as higher natural gas prices and added volumes offset cost increases.
Operating cash flow rose to $3.051 billion for the nine months, supporting $1.779 billion in capital spending and two January 2025 deals: Franklin Mountain Energy for total consideration of $2.518 billion and Avant assets for $1.518 billion. Cash and equivalents were $98 million, long-term debt was $3.672 billion, and the company had $2.0 billion of unused revolver capacity as of September 30, 2025. The quarterly dividend increased to $0.22 per share, and 2 million shares were repurchased for $47 million year-to-date. As of October 30, 2025, 761,377,552 common shares were outstanding.