Coterra Energy Inc (CTRA) News & EventsCTRANews & EventsCoterra Energy Inc

Devon Energy and Coterra Energy Merger Approved by Shareholders

Devon Energy (DVN) and Coterra Energy (CTRA) announced that shareholders of both companies approved all proposals required to complete the previously announced all-stock merger between Devon and Coterra. The merger is expected to close on or around May 7. In accordance with the merger agreement, each share of Coterra common stock will be converted into the right to receive 0.70 shares of Devon common stock, with cash paid in lieu of any fractional shares. Upon completion of the transaction, Devon shareholders will own approximately 54% of the combined company and Coterra shareholders will own approximately 46% of the combined company on a fully diluted basis.

Coterra Reports Q4 Revenue of $1.96B, Exceeds Expectations

Reports Q4 revenue $1.96B, consensus $1.89B. Tom Jorden, Chairman, CEO and President of Coterra, noted, "Coterra's strong fourth-quarter and full-year 2025 results were driven by efficient capital allocation and strong execution, and are a testament to the quality of our assets and the dedication and professionalism of our employees. Prioritizing safety, financial strength, and shareholder value creation, Coterra is well positioned for a highly capital efficient 2026."

Coterra Energy Sees FY26 Total Production at 772-782 MBoed

Coterra Energy sees FY26 total equivalent production 772-782 MBoed