Thomas E. Jorden
Effective upon and in connection with the consummation of the Merger, the employment of Thomas E. Jorden was terminated.
Highest-materiality recent filing
Coterra Energy completes merger with Devon; shares converted at 0.70x ratio
Merger closed May 7, 2026; each CTRA share converted into 0.70 shares of Devon common stock.
Coterra stockholders approve merger with Devon Energy; closing expected May 7, 2026
Merger Proposal approved with 623.6M votes for, 956K against, 1.2M abstain.
Coterra-Devon merger clears HSR antitrust waiting period; closing targeted for Q2 2026
HSR Act waiting period expired April 1, 2026, satisfying one condition for the merger.
Q4 2025 BOE and natural gas production beat high-end of guidance; oil production beat midpoint.
Coterra stockholders to receive 0.70 shares of Devon common stock per share; combined ownership ~46% Coterra, ~54% Devon.
Coterra reports Q4 2025 realized prices: oil $58.16/bbl, gas $2.37/Mcf, NGL $15.63/bbl
Average realized oil price excluding hedges $58.16/Bbl; including hedges $60.34/Bbl.
Coterra Q3 net income $322M, raises 2025 production guidance, declares $0.22 dividend
Q3 GAAP net income $322M ($0.42/share); adjusted net income $312M ($0.41/share).
Coterra Q2 net income $511M, adjusted EPS $0.48; production beats high-end guidance
Net income $511M ($0.67/sh); adjusted net income $367M ($0.48/sh). DCF $949M, FCF $329M.
Coterra Q1 net income $516M ($0.68/sh); lowers 2025 capex to $2.0-2.3B, reduces Permian rigs
Q1 net income $516M ($0.68/sh), adjusted net income $608M ($0.80/sh).
Coterra Energy Q4 net income $297M; raises dividend 5%; completes $3.2B Permian acquisitions
Q4 adjusted EPS $0.49, Free Cash Flow $351M; production 682 MBoepd beat high-end guidance.
Coterra closes $1.5B senior note offering to fund pending acquisitions
Issued $750M of 5.40% senior notes due 2035 and $750M of 5.90% senior notes due 2055.
Coterra Energy prices $1.5B senior notes offering in two tranches
$750M of 5.40% Senior Notes due 2035 and $750M of 5.90% Senior Notes due 2055.
Coterra Energy to acquire Franklin Mountain and Avant assets for ~$2.95B plus stock
Coterra subsidiary Cimarex to buy Franklin Mountain entities for $1.5B cash plus 40.9M shares of CTRA stock.
Net income $252M ($0.34 EPS); adjusted net income $233M ($0.32 EPS).
Coterra Q2 net income $220M; production beats guidance; raises FY2024 oil guidance 2.4%
Net income $220M ($0.30/sh); adjusted net income $272M ($0.37/sh); FCF $246M.
Effective upon and in connection with the consummation of the Merger, the employment of Thomas E. Jorden was terminated.
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.
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.
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”).
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.
Max materiality 1.00 · Median 0.65 · Most common event earnings