UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 Commission file number 1-10447 COTERRA ENERGY INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 04-3072771 (I.R.S. Employer Identification Number) Three Memorial City Plaza, 840 Gessner Road, Suite 1400, Houston, Texas ...

4Q25 Earnings Presentation February 26, 2026 Disclaimers Cautionary Statement Regarding Forward-Looking Information This presentation contains certain forward-looking statements within the meaning of federal securities laws. Forward-looking statements are not statements of historical fact and reflect Coterra's current views about future events. Such forward-looking statements include, but are not limited to, statements about the pending merger with Devon (the "Proposed Transaction"), returns to shareholders ...

Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Coterra Energy misses quarterly profit estimates on weaker crude prices February 26, 20269:12 PM UTCUpdated ago By Reuters Coterra Energy's logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab Feb 26 (Reuters) - Oil and gas producer Coterra Energy (CTRA.N), opens new tab missed Wall Street expect ...

Key Takeaways Q4 oil slumped on oversupply, while gas surged on LNG demand and winter boost.Q4 earnings for the Energy sector are seen up 14% YoY despite flat revenues and pricing strain.PBA, CTRA and LNG show weak ESP signals, limiting clear beat visibility.We are entering the thick of the fourth quarter earnings season for the Oil/Energy sector, with some of the S&P 500 companies expected to come up with results tomorrow. Energy investors are bracing for a mixed but potentially rewarding stretch. Oil pric ...

Devon Energy logo sign in the foreground with an oil drilling rig and pumpjacks at sunset in the background. Key Points Devon Energy’s all-stock merger with Coterra reflects accelerating consolidation across a maturing U.S. shale industry focused on efficiency over expansion. The combined company gains geographic diversification and scale, but investors are watching closely for dividend sustainability and potential EPS dilution. Analysts have responded positively, with price targets suggesting upside, ...

Group 1 - Coterra Energy Inc. is identified as a high-growth, low P/E stock and is recommended as a top pick in the oil sector due to expected benefits from increased merger and acquisition activity [1][2] - Wolfe Research has maintained an Outperform rating on Coterra Energy and raised its price target from $32 to $35, indicating positive market sentiment [2] - Coterra Energy has agreed to merge with Devon Energy Corp. in an all-stock transaction, creating the largest US shale operator with an enterprise value of approximately $58 billion [2][3] Group 2 - Under the merger agreement, Coterra shareholders will receive 0.70 shares of Devon Common stock for each share held, resulting in Devon shareholders owning 54% and Coterra shareholders owning 46% of the combined company [3] - The combined entity is projected to achieve $1 billion in annual pretax synergies by the end of 2027, highlighting the potential for operational efficiencies [3] - Coterra Energy operates in key regions such as the Permian Basin, Marcellus Shale, and Anadarko Basin, focusing on the exploration, development, and production of oil, natural gas, and natural gas liquids [4]

Core Viewpoint - The article highlights the resilience of the US equity market, driven by a strong economy, solid earnings, and accommodative monetary policies, while emphasizing the potential of high-growth stocks despite premium valuations [1]. Economic Outlook - Wall Street strategists expect continued corporate earnings growth in 2026, with S&P 500 company earnings projected to rise by 15.5% in 2026, compared to 13.2% in 2025 and 12.1% in 2024, indicating a positive market outlook [2]. - Some economists predict muted economic growth in 2026, suggesting a focus on growth stocks with low valuations may be beneficial [6]. Investment Strategy - The methodology for selecting high-growth low-PE stocks involved identifying companies with over 20% sales growth and more than 10% upside potential, while focusing on those with a forward P/E of less than 15 and popularity among hedge funds [8]. Company Highlights - **Coterra Energy Inc. (NYSE:CTRA)**: - 5-Year Revenue Growth: 22.43% - Forward P/E: 13.19 - Stock Upside Potential: 11.11% - Recently announced a merger with Devon Energy Corp., creating the largest US shale operator with an enterprise value of approximately $58 billion [11][12]. - **Delta Air Lines, Inc. (NYSE:DAL)**: - 5-Year Revenue Growth: 29.96% - Forward P/E: 10.32 - Stock Upside Potential: 11.20% - The company has approved a quarterly dividend and plans to modernize its fleet with new Airbus wide-body jets to meet strong demand [15][16][18].

Core Insights - Mette Uglebjerg, senior vice president of global food and marketing at Alimentation Couche-Tard, will become CEO of Matas Group on May 1 [1] - Uglebjerg has been a key figure in Couche-Tard's foodservice program and marketing since late 2024, previously leading Circle K operations in Europe and managing the Denmark business unit [2] - Her leadership contributed to the integration of GetGo Café + Market's offerings into Couche-Tard's operations, with the Fresh Food, Fast program reaching 6,000 c-stores globally [3] - Uglebjerg's departure will create a leadership gap at Couche-Tard, with no immediate successor announced [4] - Uglebjerg expressed enthusiasm for her new role while acknowledging her commitment to Couche-Tard until her departure [5] - Another executive, Niall Anderton, will also leave Couche-Tard in May to become CEO of Musgrave Group [5]

Core Viewpoint - Devon Energy Corp. announced an all-stock merger with Coterra Energy Inc., creating a $58 billion energy company, raising investor questions about stock and dividend implications [1] Group 1: Dividend Implications - After the merger, the combined company plans to pay a quarterly dividend of $0.315 per share, a 31% increase from Devon's previous $0.24 per share [2] - The dividend is not legally guaranteed until declared by the board each quarter, and the merger requires shareholder approval from both companies [3] Group 2: Ownership and Control - Devon shareholders will own 54% of the merged entity, while Coterra shareholders will own 46%, allowing Devon to retain control [3] Group 3: Merger Structure and Rationale - The all-stock structure prevents an increase in debt, which is crucial given the volatility in oil and gas prices [4] - The choice of an all-stock deal is driven by debt management and market conditions, signaling confidence in the long-term value of the combined entity [5] Group 4: Strategic Focus Post-Merger - The merger aims for scale, diversification, and resilience rather than explosive production growth, focusing on operational efficiency [6] - Geographic diversification will reduce reliance on any single basin or commodity cycle [8] Group 5: Market Reactions - Wall Street reactions are mixed, with some analysts expressing long-term optimism and others remaining cautious, awaiting clearer guidance [9] Group 6: Investment Considerations - The merger may appeal to long-term income-focused investors, while short-term traders may prefer to wait for more clarity on dividends and quarterly results [11][16] Group 7: Future Milestones - Key milestones to watch include upcoming earnings reports, regulatory approvals, and shareholder votes expected in the second quarter of 2026 [12]

Core Viewpoint - Coterra Energy Inc. is highlighted as a promising investment opportunity following its merger with Devon Energy, which is valued at $58 billion and positions the combined entity as a major player in the Permian Basin shale production [1][2]. Group 1: Merger Details - Coterra Energy and Devon Energy announced a $58 billion all-stock merger, creating one of the largest shale producers in the Permian Basin [1]. - The merger will result in combined production of 1.6 million barrels of oil per day, with Coterra shareholders receiving 0.70 shares for each share held [1]. Group 2: Financial Projections and Analyst Ratings - Devon's President and CEO stated that the merger is expected to generate annual pre-tax synergies of $1 billion, enhancing free cash flow and shareholder returns [2]. - Following the merger announcement, Susquehanna raised its target price for Coterra Energy to $34, while Roth Capital lowered its target price to $28 [3]. - Approximately 81% of analysts covering Coterra Energy have a "Buy" rating, with a median target price of $33, indicating a potential upside of 17.21% [3].