---
schema_version: "secwatch.filing_event.v1"
accession: "0000858470-26-000053"
form_type: "8-K"
ticker: "CTRA"
cik: "0000858470"
company_name: "Coterra Energy Inc."
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:58:36.629394+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Coterra reports FY2025 FCF of $2.0B (+67% YoY); declares $0.22 dividend; Devon merger on track for Q2 2026

## Summary
- 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.

## SEC filing metadata
- accession: 0000858470-26-000053
- form_type: 8-K
- ticker: CTRA
- cik: 0000858470
- company_name: Coterra Energy Inc.
- filed_at: 2026-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/858470/000085847026000053/0000858470-26-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/858470/000085847026000053/cog-20260226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000858470-26-000053
- JSON: https://secwatch.observer/filing/0000858470-26-000053.json
- Plain text: https://secwatch.observer/filing/0000858470-26-000053.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.