Coterra Energy — Nov 3, 2025 release

Incurred capital expenditures from drilling, completion, and other fixed asset additions (non-GAAP) totaled $658 million, within our guidance range of $625 to $675 million. • Unit operating cost (reflecting costs from direct operations, transportation, production taxes and G&A) totaled $9.81 per BOE, slightly above the mid-point of our annual guidance range. The Company expects fourth quarter per unit costs to trend closer to the mid-point of our annual guidance range. • The Company turned in-line 48 net wells during the quarter. In the Permian, 38 net wells were turned in-line, slightly below our guidance of 40 to 50 net wells. Anadarko and Marcellus turned in-line six and four net wells, respectively, in line with guidance. • Total equivalent production averaged 785.0 MBoepd (thousand barrels of oil equivalent per day), near the high end of guidance (740 to 790 MBoepd). ◦ Oil production averaged 166.8 MBopd (thousand barrels of oil per day), near the high end of our guidance range (158 to 168 MBopd). ◦ Natural gas production averaged 2,894.6 MMcfpd (million cubic feet of gas per day), near the high end of guidance (2,750 to 2,900 MMcfpd). ◦ NGLs production averaged 135.8 MBopd. • Realized average prices: ◦ Oil was $64.10 per Bbl (barrel), excluding the effect of commodity derivatives, and $64.79 per Bbl, including the effect of commodity derivatives. ◦ Natural Gas was $1.95 per Mcf (thousand cubic feet), excluding the effect of commodity derivatives, and $2.05 per Mcf, including the effect of commodity derivatives. ◦ NGLs were $17.02 per Bbl. 2 Shareholder Return Highlights • Common Dividend : On November 3, 2025, Coterra's Board of Directors