Coterra Energy Inc.

Listed Company

CTRACIK 0000858470NYSELarge AcceleratedCrude Petroleum & Natural GasDelawareFY ends Dec 31

Period

FY 2025

Revenue

$7.64B

Net Income

$1.72B

Total Assets

—

Equity

—

Shares Out

759.36M

Op. Cash Flow

$4.02B

Business

Coterra Energy Inc. is an independent oil and gas company engaged in the development, exploration and production of oil, natural gas and natural gas liquids. The company produces and markets crude oil, natural gas and NGLs and provides ancillary gathering and saltwater disposal infrastructure and related services to support its operations. Coterra operates one business segment focused on oil and natural gas development, exploration and production with integrated gathering and midstream support. Its activities are concentrated in core U.S. operating areas and its production is sold under long‑ and short‑term contracts to a broad portfolio of domestic and international customers through pipelines, marketers and other downstream channels.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Operating revenues	7,294	5,461	5,684	9,514	3,670
Gain (loss) on derivative instruments, net	351	−3	230	−463	−221
Total operating revenues	7,645	5,458	5,914	9,051	3,449
Direct operations	1,023	658	562	460	156
Gathering, processing and transportation	1,089	976	975	955	663
Taxes other than income	366	271	283	366	83
Exploration	27	25	20	29	18
Depreciation, depletion and amortization	2,370	1,840	1,641	1,635	693
General and administrative	323	302	291	396	270
Total operating expenses	5,198	4,072	3,772	3,841	1,883
Gain on sale of assets	5	3	12	−1	−2
INCOME FROM OPERATIONS	2,452	1,389	2,154	5,209	1,564
Interest expense	205	106	73	80	—
Interest income	−14	−62	−47	−10	0
Other income	−2	0	0	−2	0
Income before income taxes	2,263	1,345	2,128	5,169	1,502
Income tax expense	546	224	503	1,104	344
NET INCOME	1,717	1,121	1,625	4,065	1,158
Basic (in dollars per share)	2.25	1.51	2.14	5.09	2.3
Diluted (in dollars per share)	2.24	1.5	2.13	5.08	2.29
Basic (in shares)	761	742	756	796	503
Diluted (in shares)	764	745	760	799	504

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	114	2,038	956	673	1,036
Restricted cash	5	239	9	10	10
Accounts receivable, net	1,208	951	843	1,221	1,037
Income taxes receivable	201	20	51	89	0
Inventories	48	46	59	63	39
Other current assets	273	27	97	9	7
Total current assets	1,849	3,321	2,015	2,211	2,136
Properties and equipment, net (Successful efforts method)	22,058	17,890	17,933	17,479	17,375
Other assets	334	414	467	464	389
Total assets	24,241	21,625	20,415	20,154	19,900
Accounts payable	1,056	833	803	844	747
Current portion of long-term debt	250	0	575	0	0
Accrued liabilities	197	276	261	328	260
Interest payable	54	27	21	21	25
Total current liabilities	1,557	1,136	1,660	1,193	1,220
Long-term debt	3,568	3,535	1,586	2,181	3,125
Deferred income taxes	3,703	3,274	3,413	3,339	3,101
Asset retirement obligations	329	291	280	271	259
Other liabilities	238	259	429	500	407
Total liabilities	9,395	8,495	7,368	7,484	8,112
Commitments and contingencies (Note 8)	—	—	—	—	—
Redeemable preferred stock	8	8	8	11	50
Common stock:	76	74	75	77	89
Additional paid-in capital	7,854	7,179	7,587	7,933	10,911
Retained earnings	6,894	5,857	5,366	4,636	2,563
Accumulated other comprehensive income	14	12	11	13	1
Total stockholders' equity	14,838	13,122	13,039	12,659	11,738
Total liabilities and stockholders' equity	24,241	21,625	20,415	20,154	19,900

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income tax expense (benefit)	435	−145	74	235	126
Exploratory dry hole cost	0	5	0	0	0
(Gain) loss on derivative instruments, net	−351	3	−230	463	221
Net cash received on settlement of derivative instruments	106	98	284	−762	−431
Amortization of debt premium, debt discount and debt issuance costs	−15	−12	−18	−40	−10
Stock-based compensation and other	62	61	57	73	52
Accounts receivable, net	−67	−108	378	−184	−229
Income taxes	−181	31	38	−118	34
Inventories	1	13	4	−24	5
Other current assets	−10	−3	−3	−4	−4
Accounts payable and accrued liabilities	−77	15	−180	96	47
Interest payable	27	6	0	−5	6
Other assets and liabilities	9	−127	0	53	−3
Net cash provided by operating activities	4,021	2,795	3,658	5,456	1,667
Capital expenditures for drilling, completion and other fixed asset additions	−2,288	−1,754	−2,089	−1,700	−723
Capital expenditures for leasehold and property acquisitions	−99	−17	−10	—	—
Cash consideration paid for business combinations, net of cash received	−3,238	0	0	—	—
Purchase of short-term investments	0	−250	0	0	—
Proceeds from sale of short-term investments	0	250	0	0	—
Other	−3	9	40	—	—
Net cash used in investing activities	−5,628	−1,762	−2,059	−1,674	313
Proceeds from issuance of debt	1,746	1,990	0	0	100
Repayments of debt	−1,446	−575	0	−874	−288
Common stock repurchases	−141	−455	−405	−1,250	0
Dividends paid	−682	−625	−890	−1,992	−780
Other	−28	−56	−22	−29	—
Net cash (used in) provided by financing activities	−551	279	−1,317	−4,145	−1,086
Net (decrease) increase in cash, cash equivalents and restricted cash	−2,158	1,312	282	−363	894

Filings

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