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.
Coterra Q1 net income $352M; raises 2024 oil guidance 2.5%; quarterly dividend $0.21
Q1 GAAP net income $352M ($0.47/sh); adjusted net income $383M ($0.51/sh).
Coterra Energy Q4 net income $416M, beats production guidance; dividend up 5% to $0.21
Q4 net income $416M ($0.55/share); adjusted net income $387M ($0.52/share).
Coterra Energy Q3 net income $323M ($0.43/sh); production beat, full-year guidance raised
Q3 production of 670 MBoepd exceeded high end of guidance (655 MBoepd); oil 91.9 MBopd, gas 2,903 MMcfpd.
Coterra Q2 net income $209M, production beats guidance, raises FY2023 outlook
Net income $209M ($0.28/sh); adjusted net income $291M ($0.39/sh).
Coterra Energy CFO and CHRO to retire by Sept 30; replacements named
CFO Scott Schroeder retiring after 28 years; to serve as Senior Advisor until Sept 30.
Coterra shareholders approve 2023 equity plan, methane disclosure proposal passed
Shareholders approved the 2023 Equity Incentive Plan (22.95M new shares reserved); 608M for, 28.6M against.
Coterra Energy Q1 net income $677M; production beats guidance, dividend $0.20/share
Net income $677M ($0.88/share); adjusted $661M ($0.87). Production 635 MBoepd exceeded high-end guidance.
Coterra Q4 net income $1.03B, adj EPS $1.16; 2023 outlook flat production, ~$1.9B FCF
Q4 net income $1,032M ($1.32/sh); adjusted net income $905M ($1.16/sh).
On Dec 27, Coterra Energy removed tax gross-up from Dinges change-in-control pact
On December 27, 2022, Coterra Energy and Executive Chairman Dan O. Dinges amended his change-in-control and employment agreements.
Coterra Q3 net income $1.2B ($1.51 EPS); free cash flow $1.06B; dividend $0.68/share
Net income $1,196M ($1.51 EPS); adjusted net income $1,126M ($1.42 EPS).
Coterra Energy Q2 2022 net income $1,229M ($1.53/share); raises capex and production guidance
Net income $1,229M or $1.53/share; adjusted net income $1,083M or $1.35/share.
Net income $608M ($0.75 EPS); adjusted net income $818M ($1.01 adj EPS); cash from ops $1,322M; free cash flow $961M.
Coterra Q4 net income $939M ($1.16/sh); raises base dividend 20%, authorizes $1.25B buyback
Q4 net income $939M ($1.16/sh); adjusted net income $670M ($0.83/sh).
Coterra Energy Q3 net income $62.7M; lifts base dividend 14%, initiates variable dividend
Net income $62.7M ($0.16/share); adjusted net income $207.0M ($0.52/share) for legacy Cabot.
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.
Scott C. Schroeder, the Company’s current Executive Vice President and Chief Financial Officer, will be retiring effective September 30, 2023.
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.
Shannon E. Young, III, 52, will join the Company as Executive Vice President and Chief Financial Officer on or about July 10, 2023.
appointed Thomas E. Jorden, its Chief Executive Officer and President and a director, as Chair of the Board effective January 1, 2023
appointed Robert Boswell, a director, to succeed Lisa Stewart, a director, as Lead Independent Director effective January 1, 2023
succeeding Dan O. Dinges, Executive Chair, upon the expiration of his term on December 31, 2022
succeed Lisa Stewart, a director, as Lead Independent Director
Max materiality 1.00 · Median 0.65 · Most common event earnings