• Reported GAAP EPS of $0.51 up 27.50% YoY • Reported revenue of $1.96B up 40.43% YoY • Coterra Energy projects 2026 annual total production between 750-810 MBoepd and capital expenditures at $2.25B. The company anticipates $2.35B in Free Cash Flow (non-GAAP) with a 50% reinvestment rate.
Bullish
Coterra Energy delivered strong 2025 Free Cash Flow, increased proved reserves by 13%, and expects substantial value creation from the Devon Energy merger, including $1B in synergies.
Bearish
Coterra Energy faced lower realized oil and NGL prices in 2025, and Q1 2026 production is anticipated below average due to winter storm Fern. The Devon merger also presents integration risks.