Even as Coterra Energy is being taken over by Oklahoma City’s Devon Energy in what’s being hailed as a merger worth $58 billion, Coterra still plans an upcoming release of its fourth-quarter and full year 2025 financial and operating results.
The firm intends to release the report on Thursday, February 26 after the market closes. It will be followed by a conference call on Friday, February 27 at 9 a.m. where officials will discuss the results.
Coterra reported third quarter net income of $322 million or 42 cents a share and adjusted net income of $312 million or 41 cents per share. The company also had cash flow of $971 million from its operating activities.
The firm also anticipated 2026 capital expenditures to be “modestly down from 2025” based on current expectations. It indicated at the time of the third quarter earnings release that “Based on recent strip prices, the company expects its 2026 reinvestment to be at, or below, 50%.”
Coterra is known for its activity in the Permian Basin but also carries out exploration in Oklahoma’s Anadarko Basin. In the third quarter, the company turned in-line six wells in the Anadarko but turned in-line 48 net wells during the quarter and 38 of them were in the Permian, a total slightly below the company’s guidance of 40 to 50 net wells.