earnings
confidence high
sentiment positive
materiality 0.90
Coterra reports FY2025 FCF of $2.0B (+67% YoY); declares $0.22 dividend; Devon merger on track for Q2 2026
Coterra Energy Inc.
2025-FY EPS reported
$2.24
revenue$7,645,000,000
- Q4 2025 BOE and natural gas production beat high-end of guidance; oil production beat midpoint.
- Full-year 2025 Free Cash Flow $2.0B (non-GAAP), up 67% from 2024; reinvestment rate 54%.
- Declared quarterly dividend of $0.22/share (2.9% annualized yield), payable March 25, 2026 to record March 11.
- All-stock merger with Devon (exchange ratio 0.70 CTRA per DVN share) expected to close Q2 2026, targeting $1B annual pre-tax synergies by end-2027.
- 2026 guidance: total production 750-810 MBoepd, capital $2.175-2.325B; expects FCF ~$2.35B at strip prices.