Devon Energy and Coterra Energy to Combine, Creating a Premier Shale Operator
Coterra Energy Inc. (CTRA)
Last coterra energy inc. earnings: 3/18 07:30 am
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US:NASDAQ Investor Relations:
conturaenergy.com/financials
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Source: Business Wire
OKLAHOMA CITY & HOUSTON--(BUSINESS WIRE)--Devon Energy (“Devon”) (NYSE: DVN) and Coterra Energy (“Coterra”) (NYSE: CTRA) today announced the signing of a definitive agreement to merge in an all-stock transaction. The combination will create a leading large-cap shale operator with a high-quality asset base anchored by a premier position in the economic core of the Delaware Basin.The combined company will be named Devon Energy and will be headquartered in Houston while maintaining a significant presence in Oklahoma City. The formation of this premier company is expected to unlock substantial value by leveraging each company’s core strengths and through the realization of $1 billion in annual pre-tax synergies. The realization of synergies, technology-driven capital efficiency gains and optimized capital allocation will drive near and long-term per share growth.KEY HIGHLIGHTSTransformative merger combines high-quality assets and complementary technical capabilitiesCreates a scaled, l
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CTRA
News
- Coterra Energy (NYSE:CTRA) had its price target raised by analysts at Raymond James Financial, Inc. from $31.00 to $34.00. They now have an "outperform" rating on the stock.MarketBeat
- Coterra Energy (NYSE:CTRA) had its price target lowered by analysts at TD Cowen from $33.00 to $32.00. They now have a "buy" rating on the stock.MarketBeat
- Coterra Energy (NYSE:CTRA) was upgraded by analysts at TD Cowen to a "strong-buy" rating.MarketBeat
- Coterra Energy (CTRA) and Devon Energy (DVN) to Merge in an All-Stock Deal Worth $58 Billion [Yahoo! Finance]Yahoo! Finance
- Coterra Energy (CTRA) Increases Yet Falls Behind Market: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
CTRA
Earnings
- 11/3/25 - Miss
CTRA
Sec Filings
- 2/9/26 - Form 4
- 2/9/26 - Form 4
- 2/9/26 - Form 4
- CTRA's page on the SEC website