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Companies / Energy / Coterra
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Coterra

EnergyOil & Gas ExtractionDeregistered 2026-05-19S&P 500
Ticker —HOUSTON, TXFiscal year ends DecemberBook value per share $19.80Diluted shares 763.0M

Coterra Energy Inc. is an independent oil and natural gas exploration and production company operating primarily in the United States. The company's website is www.coterra.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-03-31
Sales & profitability
$7.64BFY2025
+40.1% year over year
Last 12 mo $7.69B
32.07%FY2025
+6.6 percentage points
Last 12 mo 31.17%
$1.72BFY2025
+53.2% year over year
Last 12 mo $1.67B
11.57%FY2025
+3 percentage points
Last 12 mo 11.04%
Cash & financing
$4.02BFY2025
+43.9% year over year
Last 12 mo $4.52B
$1.63BFY2025
+59.6% year over year
Last 12 mo $1.98B
0.26FY2025
Was 0.27× a year earlier
Last 12 mo 0.23
764.0MFY2025
+2.6% year over year
Last 12 mo 763.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Coterra does

In the company’s own words

Coterra Energy Inc. is an independent oil and natural gas exploration and production company operating primarily in the United States. The company's website is www.coterra.com.

Coterra was formed through the October 2021 merger of Cabot Oil & Gas Corporation and Cimarex Energy Co., creating a diversified multi-basin energy producer with a significant portfolio of conventional and unconventional assets. The company operates across multiple business units focused on different geographic regions and resource plays, with particular strength in natural gas production from the Marcellus Shale formation and oil production from the Permian Basin.

The company's core business involves the exploration, development, and production of oil and natural gas reserves. Coterra's operations span several key business units, each targeting specific geographic areas and resource types. The company maintains a diversified portfolio designed to generate cash flows across commodity price cycles while managing operational and financial risks.

As an accelerated filer with the Securities and Exchange Commission, Coterra is subject to regular reporting requirements and maintains robust governance structures including an independent board of directors and multiple standing committees overseeing audit, compensation, and environmental, health and safety matters. The company employs a significant workforce across its operating regions to execute its exploration and production activities.

Coterra's business model emphasizes disciplined capital allocation, operational efficiency, and long-term value creation for stockholders. The company focuses on maximizing returns from its existing asset base while pursuing selective development opportunities that meet rigorous economic thresholds. In February 2026, Coterra entered into a merger agreement with Devon Energy Corporation, under which Coterra stockholders would receive a fixed exchange ratio of 0.70 shares of Devon common stock for each Coterra share, pending stockholder approval and customary closing conditions.

The company maintains a commitment to operational excellence, environmental stewardship, and sustainable business practices across its portfolio of assets and operations.

Company details
Sector
Energy
Industry (SIC)
Oil & Gas Extraction
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
858470
SIC
1311

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.36B$1.48B$4.32B$7.16B$10.00B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Coterra — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

0 of 35
superinvestors hold it
5
bond issues held by funds

Per-class fund ownership could not be resolved for this company.

Coterra’s bonds, as funds hold them

Funds report holding 5 issues of Coterra’s debt, $456.25M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.96%, maturing 2027 to 2055.

Could not be determined for this company: fund holders, share ownership percentage.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Coterra and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Coterra's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Coterra's last four quarterly filings that the numbers alone won't show?”
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