Coterra Energy Inc. underwent a change of control involving Devon Energy Corporation for 0.70 fully paid and nonassessable shares of common stock, $0.10 par value, of Devon (closed 2026-05-07).
“ith Devon Energy Corporation, a Delaware corporation (“Devon”), and Cubs Merger Sub, Inc., a Delaware corporation and”
Material Agreements
Coterra Energy Inc. terminated Credit Agreement with JPMorgan Chase Bank, N.A..
“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.A., as administrative agent”
Thomas E. Jorden was terminated as ceo at Coterra Energy Inc..
“Effective upon and in connection with the consummation of the Merger, the employment of Thomas E. Jorden was terminated.”
Shareholder Votes
Coterra Energy Inc. shareholders approved Advisory approval of compensation that may be paid or become payable to named executive officers based on or otherwise relating to the merger at the 2026-05-04 meeting.
“The Advisory Compensation Proposal was approved. Voting results were as follows: For Against Abstain Broker Non-Votes 570,854,095 53,898,670 978,187 0”
Shareholder Votes
Coterra Energy Inc. shareholders approved Adoption of the Agreement and Plan of Merger, merger of Merger Sub into Coterra, and other transactions contemplated by the Merger Agreement at the 2026-05-04 meeting.
“The Coterra Merger Proposal was approved. Voting results were as follows: For Against Abstain Broker Non-Votes 623,592,882 955,933 1,182,150 0”
Material Agreements
Coterra Energy Inc. entered into Agreement and Plan of Merger with Devon Energy Corporation (effective 2026-02-01).
“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 ”).”
Todd M. Roemer departed as Vice President and Chief Accounting Officer at Coterra Energy Inc..
“Also on March 3, 2025, Todd M. Roemer informed the Board of his intent to retire from the Company following the filing of the Company’s Annual Report on Form 10-K for the year ending December 31, 2025.”
Stephen P. Bell departed as Executive Vice President--Business Development at Coterra Energy Inc..
“On March 3, 2025, Stephen P. Bell notified the Board of Directors (the “Board”) of Coterra Energy Inc. (the “Company”) of his intent to retire from the Company effective December 31, 2025.”
Robert S. Boswell departed as Director at Coterra Energy Inc..
“Also on February 19, 2025, Robert S. Boswell informed the Board of his decision to retire from the Board at the end of his current term and not stand for re-election as a director at the 2025 Annual Meeting.”
Dan O. Dinges departed as Director at Coterra Energy Inc..
“On February 19, 2025, Dan O. Dinges informed the Board of Directors (the “Board”) of Coterra Energy Inc. (the “Company”) of his decision to retire from the Board at the end of his current term and not stand for re-election as a director at the Company’s 2025 annual meeting of stockholders (the “2025 Annual Meeting”).”
Shareholder Votes
Coterra Energy Inc. shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2024 at the 2024-05-01 meeting.
“Proposal 4: The Company’s stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the Company for the 2024 fiscal year: FOR AGAINST ABSTAIN 639,322,647 35,495,031 573,681”
Shareholder Votes
Coterra Energy Inc. shareholders approved Non-binding advisory vote on compensation of named executive officers at the 2024-05-01 meeting.
“Proposal 3: The Company’s stockholders approved, in a non-binding advisory vote, the compensation of the Company’s named executive officers as disclosed in the 2024 proxy statement: FOR AGAINST ABSTAIN BROKER NON-VOTES 577,536,844 33,212,582 793,379 63,848,554”
Shareholder Votes
Coterra Energy Inc. shareholders approved Approval of amendment and restatement of the Restated Certificate of Incorporation to provide for exculpation of certain officers and make non-substantive updates at the 2024-05-01 meeting.
“Proposal 2: The Company’s stockholders approved the amendment and restatement the Restated Certificate of Incorporation of Coterra Energy Inc. to provide for exculpation of certain officers of the Company as permitted by amendments to Delaware law and to make certain non-substantive updates: FOR AGAINST ABSTAIN BROKER NON-VOTES 547,480,781 63,323,118 738,905 63,848,555”
Shareholder Votes
Coterra Energy Inc. shareholders approved Election of Directors at the 2024-05-01 meeting.
“Proposal 1: The Company’s stockholders elected each of the following persons as directors to serve until the expiration of his or her term in 2025: FOR AGAINST ABSTAIN BROKER NON-VOTES DOROTHY M. ABLES 599,566,106 11,605,533 371,168 63,848,552 ROBERT S. BOSWELL 601,799,017 9,393,234 350,564 63,848,544 AMANDA M. BROCK 605,234,871 5,775,811 532,128 63,848,549 DAN O. DINGES 606,481,406 4,525,629 535,775 63,848,549 PAUL N. ECKLEY 590,898,983 20,066,972 576,855 63,848,549 HANS HELMERICH 605,499,717 5,695,450 347,643 63,848,549 THOMAS E. JORDEN 596,239,489 14,964,980 338,339 63,848,551 LISA A. STEWART 538,552,809 69,557,724 3,432,275 63,848,551 FRANCES M. VALLEJO 600,365,750 10,827,590 349,471 63,848,548 MARCUS A. WATTS 600,161,208 10,850,198 531,409 63,848,544”
Earnings Releases
Coterra Energy Inc. reported first-quarter 2024 results: net income $352 million, or $0.47 per share. Guidance raised.
“Net Income (GAAP) totaled $352 million, or $0.47 per share. Adjusted Net Income (non-GAAP) was $383 million, or $0.51 per share.”
Debt Financings
Coterra Energy Inc. incurred senior notes of $500,000,000 aggregate principal amount at 5.60% maturing March 15, 2034.
“Coterra Energy Inc. (the “Company”) closed its previously announced registered public offering of $500,000,000 aggregate principal amount of its 5.60% senior notes due 2034 (the “Notes”) on March 13, 2024. The Notes will mature on March 15, 2034.”
Material Agreements
Coterra Energy Inc. entered into Second Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $500,000,000 aggregate principal amount (effective 2024-03-13).
“closed its previously announced registered public offering of $500,000,000 aggregate principal amount of its 5.60% senior notes due 2034”
Material Agreements
Coterra Energy Inc. entered into Underwriting Agreement with J.P. Morgan Securities LLC, TD Securities (USA) LLC, Wells Fargo Securities, LLC and BofA Securities, Inc., as representatives of the several underwriters valued at $500,000,000 (effective 2024-02-28).
“On February 28, 2024, Coterra Energy Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with J.P. Morgan Securities LLC, TD Securities (USA) LLC, Wells Fargo Securities, LLC and BofA Securities, Inc., as representatives of the several underwriters named in Schedule 1 of the Underwriting Agreement (the “Underwriters”), relating to the underwritten public offering of $500,000,000 aggregate principal amount of the Company’s 5.60% Senior Notes due 2034 (CUSIP: 127097AL7; ISIN: US127097AL75) (the “Notes”).”
Earnings Releases
Coterra Energy Inc. reported financial results for the fourth quarter and full year 2023.
“On February 22, 2024, we issued a press release with respect to our fourth quarter and full year 2023 financial results. The press release is furnished as Exhibit 99.1 to this Current Report.”
Earnings Releases
Coterra Energy Inc. updated its Fourth-quarter 2023 guidance (initiated).
“Fourth-quarter 2023 production and capital guidance: • Total production of 645-680 MBoepd; mid-point -1% sequentially and +5% year-over-year • Oil production of 98-102 MBopd; mid-point +9% sequentially and +10% year-over-year • Natural gas production of 2,780-2,900 MMcfpd; mid-point -2% sequentially and +2% year-over-year • Expected accrued capital expenditures (non-GAAP) of $460 – $530 million”
Earnings Releases
Coterra Energy Inc. reported Third-Quarter 2023 results: net income 373, EPS 0.50.
“Net Income (GAAP) totaled $323 million, or $0.43 per share.”
Earnings Releases
Coterra Energy Inc. reported year-to-date 2023 results: net income $886 million, EPS $1.16 per share.
“Net Income (GAAP) totaled $886 million, or $1.16 per share.”
Earnings Releases
Coterra Energy Inc. reported second-quarter 2023 results: net income $209 million, EPS $0.28 per share.
“Net Income (GAAP) totaled $209 million, or $0.28 per share.”
Shannon E. Young, III was appointed as Executive Vice President and Chief Financial Officer at Coterra Energy Inc..
“Shannon E. Young, III, 52, will join the Company as Executive Vice President and Chief Financial Officer on or about July 10, 2023.”
Christopher H. Clason departed as Senior Vice President and Chief Human Resources Officer at Coterra Energy Inc..
“Christopher H. Clason, the Company’s Senior Vice President and Chief Human Resources Officer, is also separating from the Company for good reason pursuant to his legacy Cimarex Energy Co. severance compensation agreement, which is described below, and retiring effective September 30, 2023.”
Scott C. Schroeder departed as Executive Vice President and Chief Financial Officer at Coterra Energy Inc..
“Scott C. Schroeder, the Company’s current Executive Vice President and Chief Financial Officer, will be retiring effective September 30, 2023.”
Shareholder Votes
Coterra Energy Inc. shareholders rejected Shareholder proposal regarding a report on corporate climate lobbying.
“Proposal 7: The Company’s shareholders did not approve a shareholder proposal regarding a report on corporate climate lobbying: FOR AGAINST ABSTAIN BROKER NON-VOTES 233,268,809 400,470,621 3,875,982 57,819,903”
Shareholder Votes
Coterra Energy Inc. shareholders approved Shareholder proposal regarding a report on reliability of methane emission disclosures.
“Proposal 6: The Company’s shareholders approved a shareholder proposal regarding a report on reliability of methane emission disclosures: FOR AGAINST ABSTAIN BROKER NON-VOTES 439,387,233 151,398,416 46,829,763 57,819,903”
Shareholder Votes
Coterra Energy Inc. shareholders approved Approval of 2023 Plan.
“Proposal 5: The Company’s shareholders approved the 2023 Plan: FOR AGAINST ABSTAIN BROKER NON-VOTES 608,199,080 28,618,687 797,645 57,819,903”
Shareholder Votes
Coterra Energy Inc. shareholders approved Frequency of advisory vote on executive compensation.
“Proposal 4: The Company’s shareholders voted, on a non-binding advisory basis, to hold the non-binding advisory vote on executive compensation every year: 1 YEAR 2 YEARS 3 YEARS ABSTAIN BROKER NON-VOTES 622,199,572 1,026,206 13,565,218 824,414 57,819,905”
Shareholder Votes
Coterra Energy Inc. shareholders approved Advisory vote on compensation of named executive officers.
“Proposal 3: The Company’s shareholders approved, in a non-binding advisory vote, the compensation of the Company’s named executive officers as disclosed in the 2023 Proxy Statement: FOR AGAINST ABSTAIN BROKER NON-VOTES 612,826,209 23,592,636 1,196,571 57,819,899”
Shareholder Votes
Coterra Energy Inc. shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2023.
“Proposal 2: The Company’s shareholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the Company for the 2023 fiscal year: FOR AGAINST ABSTAIN 663,129,961 31,515,547 789,807”
Shareholder Votes
Coterra Energy Inc. shareholders approved Election of directors to serve until the 2024 annual meeting.
“The Company’s shareholders elected each of the following persons as directors to serve until the expiration of his or her term in 2024: FOR AGAINST ABSTAIN BROKER NON-VOTES THOMAS E. JORDEN 627,723,910 9,369,677 521,828 57,819,900 ROBERT S. BOSWELL 630,863,055 6,095,886 656,478 57,819,896 DOROTHY M. ABLES 623,887,470 13,077,823 650,123 57,819,899 AMANDA M. BROCK 573,100,515 63,884,797 630,103 57,819,900 DAN O. DINGES 631,728,558 5,365,148 521,711 57,819,898 PAUL N. ECKLEY 622,264,659 14,449,524 901,233 57,819,899 HANS HELMERICH 632,705,377 4,234,427 675,611 57,819,900 LISA A. STEWART 628,467,925 8,235,481 912,010 57,819,899 FRANCES M. VALLEJO 621,200,901 15,775,721 638,795 57,819,898 MARCUS A. WATTS 615,310,305 21,654,906 650,208 57,819,896”
Earnings Releases
Coterra Energy Inc. reported first-quarter 2023 results: net income $677 million, EPS $0.88 per share. Guidance raised.
“Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported first-quarter 2023 financial and operating results.”
Material Agreements
Coterra Energy Inc. terminated Second Amended and Restated Credit Agreement with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (effective 2023-03-10).
“Concurrently with the Company’s entry into the Credit Agreement, the Company terminated its existing second amended and restated credit agreement, dated as of April 22, 2019 (as amended, the “Existing Credit Agreement”), with the lenders party thereto and JPMorgan, as administrative agent thereunder.”
Material Agreements
Coterra Energy Inc. entered into Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders and issuing banks party thereto valued at $1.5 billion (effective 2023-03-10).
“On March 10, 2023, Coterra Energy Inc. (the “Company”) entered into a revolving credit agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent (“JPMorgan”), and certain lenders and issuing banks party thereto.”
Earnings Releases
Coterra Energy Inc. reported financial results for the fourth quarter and full year 2022.
“On February 22, 2023, we issued a press release with respect to our fourth quarter and full year 2022 financial results.”
Lisa Stewart departed as Lead Independent Director at Coterra Energy Inc..
“succeed Lisa Stewart, a director, as Lead Independent Director”
Robert Boswell was appointed as Lead Independent Director at Coterra Energy Inc..
“appointed Robert Boswell, a director, to succeed Lisa Stewart, a director, as Lead Independent Director effective January 1, 2023”
Dan O. Dinges departed as Executive Chair at Coterra Energy Inc..
“succeeding Dan O. Dinges, Executive Chair, upon the expiration of his term on December 31, 2022”
Thomas E. Jorden was appointed as Chair of the Board at Coterra Energy Inc..
“appointed Thomas E. Jorden, its Chief Executive Officer and President and a director, as Chair of the Board effective January 1, 2023”
Earnings Releases
Coterra Energy Inc. reported third-quarter 2022 results: net income $1,196 million, or $1.51 per share, EPS $1.51 per share.
“Net income for third-quarter 2022 totaled $1,196 million, or $1.51 per share; adjusted net income (non-GAAP) for third-quarter 2022, excluding non-recurring items, was $1,126 million, or $1.42 per share.”
Phillip L. Stalnaker retired as Senior Vice President, Marcellus Business Unit at Coterra Energy Inc..
“Steven W. Lindeman, Senior Vice President, Production and Operations, and Phillip L. Stalnaker, Senior Vice President, Marcellus Business Unit, submitted their written notice to Coterra Energy Inc. (the “Company”) of their respective retirements effective September 30, 2022.”
Steven W. Lindeman retired as Senior Vice President, Production and Operations at Coterra Energy Inc..
“Steven W. Lindeman, Senior Vice President, Production and Operations, and Phillip L. Stalnaker, Senior Vice President, Marcellus Business Unit, submitted their written notice to Coterra Energy Inc. (the “Company”) of their respective retirements effective September 30, 2022.”
Dan O. Dinges was appointed as Executive Chairman at Coterra Energy Inc..
“Mr. Dan O. Dinges was appointed as Executive Chairman of the Board.”
Paul N. Eckley was appointed as Director at Coterra Energy Inc..
“the Board appointed Mr. Thomas E. Jorden, Ms. Frances M. Vallejo, Ms. Lisa A. Stewart, Mr. Hans Helmerich and Mr. Paul N. Eckley to the Board.”
Hans Helmerich was appointed as Director at Coterra Energy Inc..
“the Board appointed Mr. Thomas E. Jorden, Ms. Frances M. Vallejo, Ms. Lisa A. Stewart, Mr. Hans Helmerich and Mr. Paul N. Eckley to the Board.”
Lisa A. Stewart was appointed as Lead Independent Director at Coterra Energy Inc..
“Ms. Stewart was appointed as Lead Independent Director.”
Frances M. Vallejo was appointed as Director at Coterra Energy Inc..
“the Board appointed Mr. Thomas E. Jorden, Ms. Frances M. Vallejo, Ms. Lisa A. Stewart, Mr. Hans Helmerich and Mr. Paul N. Eckley to the Board.”
Thomas E. Jorden was appointed as Director at Coterra Energy Inc..
“the Board appointed Mr. Thomas E. Jorden, Ms. Frances M. Vallejo, Ms. Lisa A. Stewart, Mr. Hans Helmerich and Mr. Paul N. Eckley to the Board.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.