HighGravityDataCoterra Energy — Feb 26, 2026 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000858470-26-000053
Showing in the filing
Quarterly Dividend
“$0.22 per share”
Period
FY2026
Measure
Declared action
Source
Prose
All guidance in this release · 26
Quarterly Dividend for FY2026
“$0.22 per share”
Total Equivalent Production for FY2026
“750 to 810 MBoepd”
Natural gas production for FY2026
“2,775 to 2,975 MMcfpd”
Oil production for FY2026
“162 to 172 MBopd”
Capital expenditures for FY2026
“$2.25 billion, with a range of $2.175 to $2.325 billion”
Capital Expenditures for FY2026
“$2.25 billion, with a range of $2.175 to $2.325 billion”
Reinvestment rate for FY2026
“approximately 50%”
Free Cash Flow (non-GAAP) for FY2026
“$2.35 billion”
Pre-tax Synergy Capture (Devon-Coterra Merger) for FY2027
“$1 billion per year on a run-rate basis”
Net Debt to Adjusted EBITDAX ratio (non-GAAP)
“below 1.0x”
Net Debt to Adjusted EBITDAX ratio (non-GAAP) for the long term
“below 1.0x”
Total Equivalent Production (MBoed) for FY2026
“750 780 810”
Gas (Mmcf/day) for FY2026
“2,775 2,875 2,975”
Oil (MBbl/day) for FY2026
“162 167 172”
Net wells turned in line Marcellus Shale for FY2026
“32 36 40”
Net wells turned in line Permian Basin for FY2026
“130 140 150”
Net wells turned in line Anadarko Basin for FY2026
“12 15 18”
Capital expenditures Total Company ($ in mil… for FY2026
“$2,175 $2,250 $2,325”
Capital expenditures - Drilling and completi… for FY2026
“$350”
Capital expenditures - Drilling and completi… for FY2026
“$1,530”
Capital expenditures - Drilling and completi… for FY2026
“$190”
Capital expenditures - Midstream, saltwater … for FY2026
“$180”
Commodity price assumption - WTI ($ per bbl) for FY2026
“$64”
Commodity price assumption - Henry Hub ($ pe… for FY2026
“$3.86”
Discretionary Cash Flow ($ in billions) for FY2026
“$4.60”
Free Cash Flow ($ in billions) for FY2026
“$2.35”
Exhibit 99.1 · the passage around this item
… earlier in the release
HOUSTON, February 26, 2026 - Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported fourth-quarter and full-year 2025 results, provided full-year 2026 guidance, and declared a quarterly dividend of $0.22 per share. Tom Jorden, Chairman, CEO and President of Coterra, noted, “Coterra's strong fourth-quarter and full-year 2025 results were driven by efficient capital allocation and strong execution, and are a testament to the quality of our assets and the dedication and professionalism of our employees. Prioritizing safety, financial strength, and shareholder value creation, Coterra is well positioned for a highly capital efficient 2026. We are excited about the announced merger with Devon Energy and the opportunities created by the combined company. We remain focused on operational excellence and are preparing to integrate the two companies to unlock the value potential of the combined portfolio. This powerful combination builds directly on the foundation we have established, bringing together complementary assets and shared values, including rigorous economic evaluation, disciplined execution, and a common commitment to shareholder value creation. The combined company will have an advantaged platform as a Delaware Basin leader and will hold significant capital allocation optionality. Underpinned by an industry-leading balance sheet, the combined company is expected to deliver meaningfully en
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.