---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-008979"
form_type: "8-K"
ticker: "CTRA"
cik: "0000858470"
company_name: "Coterra Energy Inc."
filed_at: "2026-02-02T23:59:59+00:00"
generated_at: "2026-05-16T05:50:41.391699+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Coterra Energy to merge with Devon Energy in all-stock deal; Coterra holders get 0.70 DVN shares per CTRA share

## Summary
- Coterra stockholders to receive 0.70 shares of Devon common stock per share; combined ownership ~46% Coterra, ~54% Devon.
- Coterra CEO Thomas E. Jorden to become Chair of combined company; Devon CEO to remain CEO. Combined board: 11 members, 5 from Coterra.
- Termination fee of $865M payable by either party in certain circumstances; closing expected by August 1, 2026 (extendable for antitrust).
- Coterra and Devon entered into amended severance agreements for top executives, accelerating equity vesting on change in control.

## SEC filing metadata
- accession: 0001104659-26-008979
- form_type: 8-K
- ticker: CTRA
- cik: 0000858470
- company_name: Coterra Energy Inc.
- filed_at: 2026-02-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/858470/000110465926008979/0001104659-26-008979-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/858470/000110465926008979/tm264761d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-008979
- JSON: https://secwatch.observer/filing/0001104659-26-008979.json
- Plain text: https://secwatch.observer/filing/0001104659-26-008979.txt

## Source-grounded claims
- claim_id: 4e803159985141bd683bf2d783ae730c273bde60
  claim: Coterra Energy Inc. entered into Agreement and Plan of Merger with Devon Energy Corporation (effective 2026-02-01).
  evidence_excerpt: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/858470/000110465926008979/0001104659-26-008979-index.htm

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