CTRA on NYSE

Coterra Energy

Logo: cabotog.com4

Defunct US energy company

Coterra Energy Inc. was an American company engaged in hydrocarbon exploration.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1989Founded1

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  • TickerCTRA on NYSE1
  • Industrypetroleum industry1
  • HeadquartersHouston1
  • Websitewww.cabotog.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address840 Gessner Road, Suite 1400, Houston, Tx 770245
  • Filer categoryLarge accelerated filer5

Coterra Energy Inc. was an American company engaged in hydrocarbon exploration. The company had operations in the Permian Basin, Marcellus Shale, and the Anadarko Basin. In May 2026, while ranked 496th in the Fortune 500, the company merged with Devon Energy, and the Coterra name was retired.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

33.6%Operating margin7
23.5%Net margin7
33.6%Revenue growth, 20257
11.6%Return on equity7
0.24×Debt to equity7

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs69¢$5.0B
  • Income tax7¢$546.0M
  • Profit24¢$1.7B

Out of $7.3B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid17¢$680.0M
  • Share buybacks4¢$141.0M
  • Kept or used elsewhere80¢$3.2B

Out of $4.0B of cash from operations.7

Financial statements

Revenue8910117$7.3B in 2025+267% since 2019
0$2.5B$5.0B$7.5B$10.0B2019: $2.0B$2.0B20192020: $1.4B$1.4B2020−29%2021: $3.7B$3.7B2021+161%2022: $9.5B$9.5B2022+159%2023: $5.7B$5.7B2023−40%2024: $5.5B$5.5B2024−4%2025: $7.3B$7.3B2025+34%
Operating income8910117$2.5B in 2025+156% since 2019
0$2.0B$4.0B$6.0B2019: $956.0M$956.0M20192020: $296.0M$296.0M2020−69%2021: $1.6B$1.6B2021+428%2022: $5.2B$5.2B2022+233%2023: $2.2B$2.2B2023−59%2024: $1.4B$1.4B2024−36%2025: $2.5B$2.5B2025+77%
Net income8910117$1.7B in 2025+152% since 2019
0$2.0B$4.0B$6.0B2019: $681.0M$681.0M20192020: $201.0M$201.0M2020−70%2021: $1.2B$1.2B2021+476%2022: $4.1B$4.1B2022+251%2023: $1.6B$1.6B2023−60%2024: $1.1B$1.1B2024−31%2025: $1.7B$1.7B2025+53%
Fiscal year2019202020212022202320242025
Revenue$2.0B8$1.4B9$3.7B10$9.5B11$5.7B7$5.5B7$7.3B7
Operating income$956.0M8$296.0M9$1.6B10$5.2B11$2.2B7$1.4B7$2.5B7
Interest$49.0M9$62.0M10$80.0M10$73.0M10
Income tax$219.0M8$41.0M9$344.0M10$1.1B11$503.0M7$224.0M7$546.0M7
Net income$681.0M8$201.0M9$1.2B10$4.1B11$1.6B7$1.1B7$1.7B7
Earnings per share$1.648$0.509$2.3010$5.0911$2.147$1.517$2.257
Earnings per share (diluted)$1.638$0.509$2.2910$5.0811$2.137$1.507$2.247

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The story

The company was formed as Cabot Oil & Gas Corporation, a subsidiary of Cabot Corporation. It became a public company via an initial public offering in February 1990. In March 1991, the company became 100% publicly owned.

In 1994, the company acquired Washington Energy Resources for $180 million in stock.

In May 1995, the company ousted John Lollar, its chairman and CEO, in part due to the ill-timing of the acquisition of Washington Energy Resources.

In 1997, the company sold oil reserves and land in northwest Pennsylvania for $92.5 million.

In 2001, the company acquired Cody Energy for $230 million.

In 2013, the company sold its assets in the Marmaton play of Oklahoma and West Texas for $160 million.

In March 2018, the company sold its assets in the Eagle Ford Group to KKR and Venado Oil & Gas for $765 million.

In October 2021, the company acquired Cimarex Energy and was renamed Coterra Energy.

Read the full text

In January 2025, the company acquired Franklin Mountain Energy and Avant Natural Resources for a combined $3.9 billion.

In May 2026, the company was acquired by Devon Energy.

From Wikipedia’s article on Coterra, shared under CC BY-SA 4.0.6

Products and brands

  • natural gas

Listed on Wikidata.1

Former names

  • CABOT OIL & GAS CORPMay 12, 1994 to Sep 29, 20215

Timeline

  1. Oct 4, 2021Went public Listed on NYSE1
  2. Jan 3, 1994Went public Listed on NYSE1
  3. 1989Founded Founded1

Recent filings

  1. May 11, 20264
  2. May 11, 20264
  3. May 11, 20264
  4. May 11, 20264
  5. May 11, 20264
  6. May 11, 20264
  7. May 11, 20264
  8. May 11, 20264
  9. May 11, 20264
  10. May 11, 20264
  11. May 11, 20264
  12. May 11, 20264
  13. May 11, 20264
  14. May 11, 20264
  15. May 11, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2