News & Events

Prior to the consummation of the Merger, shares of Company Common Stock were listed and traded on the New York Stock Exchange (the “NYSE”) under the trading symbol “CTRA.” In connection with the consummation of the Merger, the Company notified the NYSE that the Merger had been completed and requested that the NYSE delist the shares of Company Common Stock. Upon the Company’s request, the NYSE filed a notification of removal from listing on Form 25 with the SEC with respect to the delisting an…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Pursuant to the Merger Agreement, effective as of the Effective Time, each member of the Company’s board of directors and each officer of the Company immediately prior to the Effective Time ceased his or her respective service as a director or officer of the Company. Such cessations of service were not related to any disagreement with the Company o…

Termination of a Material Definitive Agreement. In connection with the consummation of the Merger, on the Closing Date, the Company terminated all outstanding lender commitments under the Credit Agreement, dated as of March 10, 2023 (as amended by Amendment No. 1, dated as of September 12, 2024, and as further amended, restated, supplemented or modified prior to the Closing Date, the “Credit Agreement”), among the Company, the lenders and issuing banks party thereto and JPMorgan Chase Bank, N…

As a result of the consummation of the Merger, a change in control of the Company occurred, and the Company became a wholly-owned subsidiary of Devon.

Pursuant to the Merger Agreement, at the effective time of the Merger (the “Effective Time”), each share of common stock, $0.10 par value, issued and outstanding of the Company (“Company Common Stock”) (other than shares held by Devon, Merger Sub or any of their respective subsidiaries or by the Company or any of its subsidiaries (collectively, the “Excluded Shares”)), was converted into the right to receive from Devon 0.70 fully paid and nonassessable shares of common stock, $0.10 par value,…

At the Effective Time, each holder of shares of Company Common Stock outstanding immediately prior to the Effective Time ceased to have any rights as a stockholder of the Company other than the right to receive the Merger Consideration pursuant to the Merger Agreement.

Other Events. As previously announced, on February 1, 2026, Coterra Energy Inc., a Delaware corporation (the “Company” or “Coterra”), Devon Energy Corporation, a Delaware corporation (“Devon”), and Cubs Merger Sub, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of Devon (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”). The Merger Agreement provides that, among other things and upon the terms and subject to the conditions set forth in th…

Other Events. As previously announced, on February 1, 2026, Coterra Energy Inc., a Delaware corporation (the “ Company ” or “ Coterra ”), Devon Energy Corporation, a Delaware corporation (“ Devon ”), and Cubs Merger Sub, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of Devon (“ Merger Sub ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”). The Merger Agreement provides that, among other things and upon the terms and subject to the conditions set f…

Additional Information and Where to Find It In connection with the proposed merger (the “ Proposed Transaction ”) of Devon Energy Corporation, a Delaware corporation (“ Devon ”) and Coterra Energy Inc., a Delaware corporation (“ Coterra ”), Devon will file with the Securities and Exchange Commission (the “ SEC ”) a registration statement on Form S-4 to register the shares of Devon’s common stock to be issued in connection with the Proposed Transaction. The registration statement will include…

Results of Operations and Financial Condition. On February 26, 2026, we issued a press release with respect to our fourth quarter and full year 2025 financial results. The press release is furnished as Exhibit 99.1 to this Current Report. The press release contains certain measures which may be deemed “non-GAAP financial measures” as defined in Item 10 of Regulation S-K of the Securities Exchange Act of 1934, as amended (the Exchange Act). In each case, the most directly comparable GAAP finan…

Entry into a Material Definitive Agreement. Merger Agreement On February 1, 2026, Coterra Energy Inc., a Delaware corporation (the “ Company ” or “ Coterra ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”), with Devon Energy Corporation, a Delaware corporation (“ Devon ”), and Cubs Merger Sub, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of Devon (“ Merger Sub ”). The Merger Agreement provides that, among other things and upon the terms and subj…

Additional Information and Where to Find It In connection with the proposed merger of Devon and Coterra (the “ Proposed Transaction ”), Devon will file with the Securities and Exchange Commission (the “ SEC ”) a registration statement on Form S-4 to register the shares of Devon’s common stock to be issued in connection with the Proposed Transaction. The registration statement will include a document that serves as a prospectus of Devon and a joint proxy statement of each of Devon and Coterra…

certain information for the quarter ended December 31, 2025 regarding its realized prices and derivative activity. Realized Prices AVERAGE SALES PRICE (excluding hedges) Oil ($/Bbl) $ 58.16 Natural gas ($/Mcf) $ 2.37 NGL ($/Bbl) $ 15.63 AVERAGE SALES PRICE (including hedges) Oil ($/Bbl) $ 60.34 Natural gas ($/Mcf) $ 2.44 NGL ($/Bbl) $ 15.63 Derivative Activity For the fourth quarter of 2025, Coterra anticipates recognizing net cash received on settlements of derivative instruments of $57 mill…

certain information for the quarter ended September 30, 2025 regarding its realized prices and derivative activity. Realized Prices AVERAGE SALES PRICE (excluding hedges) Oil ($/Bbl) $ 64.10 Natural gas ($/Mcf) $ 1.95 NGL ($/Bbl) $ 17.02 AVERAGE SALES PRICE (including hedges) Oil ($/Bbl) $ 64.79 Natural gas ($/Mcf) $ 2.05 NGL ($/Bbl) $ 17.02 Derivative Activity For the third quarter of 2025, Coterra anticipates recognizing net cash received on settlements of derivative instruments of $36 mill…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (c) Effective September 22, 2025, Coterra Energy Inc. (the “Company”) appointed Gregory F. Conaway, 50, as Vice President and Chief Accounting Officer and as an executive officer of the Company. Mr. Conaway joined the Company in August 2025 and has served as its Vice President—Accounting. Previously, Mr. Conaway served as Chief Accounting Officer o…

certain information for the quarter ended June 30, 2025 regarding its realized prices and derivative activity. Realized Prices AVERAGE SALES PRICE (excluding hedges) Oil ($/Bbl) $ 62.80 Natural gas ($/Mcf) $ 2.20 NGL ($/Bbl) $ 18.72 AVERAGE SALES PRICE (including hedges) Oil ($/Bbl) $ 64.01 Natural gas ($/Mcf) $ 2.27 NGL ($/Bbl) $ 18.72 Derivative Activity For the second quarter of 2025, Coterra anticipates recognizing net cash received on settlements of derivative instruments of $35 million.…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 13, 2021, the Compensation Committee of the Board of Directors of Coterra Energy Inc. (“Coterra”) approved, among other things, certain share-based awards pursuant to the Amended and Restated 2019 Equity Incentive Plan of Cimarex Energy Co. (“Cimarex”), which Coterra assumed following the completion of the merger involving Coterra and C…