25 Feb 2025quarterly activities report● Neutral
Coterra Energy Inc. reported quarterly revenue of $1904.0 million and net income of $516.0 million for the period ended 2025-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
21 Feb 2025director interest notice● Neutral
Coterra Energy Inc. SVP & Chief HR Officer Andrea Alexander received 34,856 shares and a 34,856-share option grant as part of the equity award.
21 Feb 2025director interest notice● Neutral
Coterra Energy Inc. CEO and President Thomas E Jorden received 191,705 shares and a 191,705-share option grant as part of the equity award.
21 Feb 2025director interest notice● Neutral
Coterra Energy Inc. SVP - Business Units Michael D. Deshazer received 47,927 shares and a 47,927-share option grant as part of the equity award.
21 Feb 2025director interest notice● Neutral
Coterra Energy Inc. EVP - Business Development Stephen P Bell received 78,425 shares and a 78,425-share option grant as part of the equity award.
21 Feb 2025director interest notice● Neutral
Coterra Energy Inc. SVP & Chief Technology Officer Kevin William Smith received 46,184 shares and a 46,184-share option grant as part of the equity award.
21 Feb 2025director interest notice● Neutral
Coterra Energy Inc. EVP & Chief Financial Officer III Shannon E. Young, received 69,711 shares and a 69,711-share option grant as part of the equity award.
21 Feb 2025director interest notice● Neutral
Coterra Energy Inc. Vice Pres & CAO Todd M Roemer received 27,885 shares as part of the equity award.
21 Feb 2025director interest notice● Neutral
Coterra Energy Inc. SVP & General Counsel Adam M Vela received 36,599 shares and a 36,599-share option grant as part of the equity award.
21 Feb 2025director interest notice● Neutral
Coterra Energy Inc. SVP - Operations Blake A Sirgo received 47,927 shares and a 47,927-share option grant as part of the equity award.
12 Feb 2025director interest notice● Neutral
Coterra Energy Inc. SVP - Business Units Michael D. Deshazer exercised stock options for 25,718 shares and disposed of 35,839 shares.
12 Feb 2025director interest notice● Neutral
Coterra Energy Inc. director Dan O Dinges exercised stock options for 115,731 shares and disposed of 161,601 shares.
12 Feb 2025director interest notice● Neutral
Coterra Energy Inc. SVP - Operations Blake A Sirgo exercised stock options for 25,718 shares and disposed of 35,839 shares.
12 Feb 2025director interest notice● Neutral
Coterra Energy Inc. CEO and President Thomas E Jorden acquired 688,439 shares and disposed of 857,266 in a set of related equity transactions.
12 Feb 2025director interest notice● Neutral
Coterra Energy Inc. EVP - Business Development Stephen P Bell exercised stock options for 77,154 shares and disposed of 110,909 shares.
12 Feb 2025director interest notice● Neutral
Coterra Energy Inc. SVP & Chief Technology Officer Kevin William Smith exercised stock options for 25,718 shares and disposed of 35,839 shares.
6 Feb 2025substantial holder notice● Neutral
Wellington Management Group LLP reported a Coterra Energy Inc. shareholding of 11.10% of votes in a periodic institutional filing.
3 Feb 2025director interest notice● Neutral
Coterra Energy Inc. SVP & Chief Technology Officer Kevin William Smith had 7,009 shares withheld for taxes on vesting stock.
3 Feb 2025director interest notice● Neutral
Coterra Energy Inc. Vice Pres & CAO Todd M Roemer had 17,135 shares withheld for taxes on vesting stock.
3 Feb 2025director interest notice● Neutral
Coterra Energy Inc. SVP - Operations Blake A Sirgo had 7,008 shares withheld for taxes on vesting stock.
3 Feb 2025director interest notice● Neutral
Coterra Energy Inc. SVP - Business Units Michael D. Deshazer had 7,008 shares withheld for taxes on vesting stock.
3 Feb 2025director interest notice● Neutral
Coterra Energy Inc. EVP - Business Development Stephen P Bell had 22,740 shares withheld for taxes on vesting stock.
31 Dec 2024material agreement● Neutral
On December 28, 2024 Coterra and the Franklin Mountain sellers amended the November 12 purchase agreement to add about 1,650 net royalty acres owned by Sandia Minerals, LLC, which had been excluded, and to raise the cash price by $43 million. This changes the pending Franklin Mountain deal, whose cash portion was $1.5 billion before the amendment.
20 Dec 2024director interest notice● Neutral
Coterra Energy Inc. director Hans Helmerich gifted 3,925 shares.
17 Dec 2024debt financing● NeutralMajor
Coterra closed the $1.5 billion notes sale on December 17, 2024: $750 million of 5.40% notes due February 15, 2035 and $750 million of 5.90% notes due February 15, 2055. The filing now ties the notes to the pending Franklin Mountain and Avant deals: if either deal fails, the 2035 notes must be redeemed at 101% of principal plus interest, and the 2055 notes too if both fail. This resolves the earlier open question on the notes' purpose, at least as to the redemption link.
16 Dec 2024debt financing● NeutralMajor
On December 10, 2024 Coterra signed a $1.0 billion term loan agreement with Toronto Dominion (Texas) LLC as agent: a $500 million Tranche A to help pay the cash price of the Franklin Mountain deal and a $500 million Tranche B to help pay the cash price of the Avant deal. Each tranche is only drawn when its acquisition closes (Tranche A commitments end June 30, 2025 at the latest, Tranche B February 17, 2025), so this is financing for the pending acquisitions, not yet debt drawn.
5 Dec 2024securities registration● Neutral
Coterra Energy Inc. filed the final prospectus for a registered offering.
4 Dec 2024material agreement● NeutralMajor
On December 3, 2024 Coterra agreed to sell $750 million of 5.40% senior notes due 2035 and $750 million of 5.90% senior notes due 2055, $1.5 billion in total, expected to close December 17, 2024. The filing does not state the use of proceeds; the timing alongside the November acquisition agreements is an inference only.
3 Dec 2024director interest notice● Neutral
Coterra Energy Inc. EVP - Business Development Stephen P Bell exercised stock options for 146,628 shares and disposed of 210,778 shares.
3 Dec 2024securities registration● Neutral
Coterra Energy Inc. filed a free-writing prospectus - marketing material for an offering in progress.