Coterra Energy Inc. is an exploration and production company with focused operations in the Permian Basin, Marcellus Shale, and Anadarko Basin. The company produces oil, natural gas, and natural gas liquids (NGLs) across these diversified asset bases. In February 2026, Coterra announced an all-stock merger agreement with Devon Energy to create an industry-leading shale operator with a flagship Delaware Basin position. Coterra completed significant Delaware Basin acquisitions in January 2025, expanding its Permian Basin footprint. The company emphasizes disciplined capital allocation, shareholder returns through dividends and share repurchases, and maintaining a strong balance sheet with a Net Debt to Adjusted EBITDAX target below 1.0x. At year-end 2025, Coterra held proved reserves of 2,565 million barrels of oil equivalent. Updated
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Coterra Energy Inc. is an exploration and production company with focused operations in the Permian Basin, Marcellus Shale, and Anadarko Basin. The company produces oil, natural gas, and natural gas liquids (NGLs) across these diversified asset bases.