Tillkännagivande • May 08
Coterra Energy Inc Announces Delisting of Common Stock from New York Stock Exchange Coterra Energy Inc., a Delaware corporation (the Company), 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 then direct, wholly-owned subsidiary of Devon (Merger Sub). On May 7, 2026 (the Closing Date), Merger Sub merged with and into the Company (the Merger), with the Company surviving the Merger (the Surviving Corporation) as a wholly-owned subsidiary of Devon. Prior to the consummation of the Merger, shares of Company Common Stock were listed and traded on the New York Stock Exchange (the NYSE) under the trading symbol CTRA. In connection with the consummation of the Merger, the Company notified the NYSE that the Merger had been completed and requested that the NYSE delist the shares of Company Common Stock. Upon the Company's request, the NYSE filed a notification of removal from listing on Form 25 with the Securities and Exchange Commission with respect to the delisting and the deregistration of shares of Company Common Stock under Section 12(b) of the Securities Exchange Act of 1934, as amended. The Company Common Stock ceased being traded prior to the opening of the market on May 7, 2026. In addition, the Company intends to file with the Securities and Exchange Commission a Form 15 requesting that the reporting obligations of the Company under Sections 13 and 15(d) of the Securities Exchange Act be suspended and that the registration of shares of Company Common Stock under Section 12(g) of the Securities Exchange Act be terminated. New Risk • Apr 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Declared Dividend • Mar 08
Dividend of US$0.22 announced Shareholders will receive a dividend of US$0.22. Ex-date: 10th March 2026 Payment date: 25th March 2026 Dividend yield will be 2.2%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: US$2.26 (vs US$1.51 in FY 2024) Full year 2025 results: EPS: US$2.26 (up from US$1.51 in FY 2024). Revenue: US$7.29b (up 39% from FY 2024). Net income: US$1.72b (up 53% from FY 2024). Profit margin: 24% (up from 21% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Oil and Gas industry in Europe. Tillkännagivande • Feb 02
Devon Energy Corporation (NYSE:DVN) entered into definitive agreement to acquire Coterra Energy Inc. (NYSE:CTRA) for $21.6 billion. Devon Energy Corporation (NYSE:DVN) entered into definitive agreement to acquire Coterra Energy Inc. (NYSE:CTRA) for $21.6 billion on February 1, 2026. Under the terms of the agreement, Coterra shareholders will receive a fixed exchange ratio of 0.70 share of Devon common stock for each share of Coterra common stock. The transaction implies a combined enterprise value of approximately $58 billion. Upon completion, Devon shareholders will own approximately 54% of the go-forward company and Coterra shareholders will own approximately 46% on a fully diluted basis. In case of termination, Coterra will pay $865 million.
Following the merger, the board of directors will consist of 11 members, six directors from Devon and five from Coterra. Clay Gaspar will serve as President and CEO, and Tom Jorden will assume the role of Non-Executive Chairman of the Board. Devon will appoint the lead independent director. The CEO and executive leadership will be based in Houston with executive leadership comprised of talent from both Devon and Coterra. The combined company will be named Devon Energy and will be headquartered in Houston.
The transaction unanimously approved by the boards of directors of both companies, is expected to close in the second quarter of 2026, subject to regulatory approvals, anti trust approval, effectiveness of registration statement, listing approval and customary closing conditions, including approvals by Devon and Coterra shareholders. The transaction is expected to be accretive to all shareholders on key per-share financial measures, including free cash flow and net asset value.
Evercore Group L.L.C. acted as financial advisor, fairness opinion provider for Devon Energy Corporation. Stephen M. Gill and Mingda Zhao of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor for Devon Energy Corporation. Goldman Sachs & Co. LLC acted as financial advisor for Coterra Energy Inc. J.P. Morgan Securities LLC acted as financial advisor for Coterra Energy Inc. Goldman Sachs & Co. LLC acted as fairness opinion provider for Coterra Energy Inc. Tull Florey, Hillary Holmes and Andrew Kaplan of Gibson, Dunn & Crutcher LLP acted as legal advisor for Coterra Energy Inc. Declared Dividend • Nov 06
Dividend of US$0.22 announced Shareholders will receive a dividend of US$0.22. Ex-date: 12th November 2025 Payment date: 26th November 2025 Dividend yield will be 2.8%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: US$0.42 (vs US$0.34 in 3Q 2024) Third quarter 2025 results: EPS: US$0.42 (up from US$0.34 in 3Q 2024). Revenue: US$1.82b (up 46% from 3Q 2024). Net income: US$322.0m (up 28% from 3Q 2024). Profit margin: 18% (down from 20% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Oil and Gas industry in Europe. Tillkännagivande • Oct 08
Coterra Energy Inc. to Report Q3, 2025 Results on Nov 03, 2025 Coterra Energy Inc. announced that they will report Q3, 2025 results After-Market on Nov 03, 2025 Tillkännagivande • Sep 23
Coterra Energy Inc. Announces Executive Changes, Effective September 22, 2025 Effective September 22, 2025, Coterra Energy Inc. (the “Company”) appointed Gregory F. Conaway, 50, as Chief Accounting Officer and as an executive officer of the Company. Mr. Conaway joined the Company in August 2025 and has served as its Vice President—Accounting. Previously, Mr. Conaway served as Chief Accounting Officer of Acuren Corporation, a global testing, inspection, certification and compliance and engineering services firm, from November 2024 to April 2025, and as Vice President and Chief Accounting Officer of Callon Petroleum Operating Co., an independent oil and natural gas company, from January 2020 to March 2024. Mr. Conaway also served in various roles of increasing responsibility, including Vice President and Chief Accounting Officer, of Carrizo Oil & Gas Inc., an independent oil and natural gas company, from July 2011 to December 2019. Mr. Conaway earned a B.B.A. in Accounting and an M.B.A. from Angelo State University. The Company previously announced that Todd M. Roemer, the Company’s prior Vice President and Chief Accounting Officer, will be retiring following the filing of the Company’s Annual Report on Form 10-K for the year ending December 31, 2025. Concurrent with Mr. Conaway’s appointment, Mr. Roemer no longer serves as Vice President and Chief Accounting Officer or as an executive officer of the Company. To ensure a smooth transition, Mr. Roemer has agreed to remain an employee of the Company through his separation of service, serving as Special Advisor to the Chief Financial Officer. Tillkännagivande • Jul 09
Coterra Energy Inc. to Report Q2, 2025 Results on Aug 04, 2025 Coterra Energy Inc. announced that they will report Q2, 2025 results After-Market on Aug 04, 2025 Recent Insider Transactions • May 11
Insider recently sold €2.4m worth of stock On the 8th of May, Stephen Bell sold around 115k shares on-market at roughly €20.40 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €12m more than they bought in the last 12 months. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: US$0.68 (vs US$0.47 in 1Q 2024) First quarter 2025 results: EPS: US$0.68 (up from US$0.47 in 1Q 2024). Revenue: US$2.02b (up 46% from 1Q 2024). Net income: US$516.0m (up 47% from 1Q 2024). Profit margin: 26% (in line with 1Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. 
