Coterra Q1 FY26 net income falls 10% to $466 million; revenue rises 2% to $1.95 billion

Coterra Energy

Coterra Energy

CTRA

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  • Coterra Energy posted first-quarter net income of USD 466 million, down 10%.
  • Net cash from operating activities climbed 44% to USD 1.65 billion; cash and cash equivalents rose to USD 485 million.
  • Equivalent production increased 3% to 69 MMBoe, with oil volumes up 16% to 15 MMBbl; natural gas output fell 6% to 258 Bcf.
  • Average realized prices including derivatives slipped 3% to USD 67.28 per barrel for oil, while natural gas rose 28% to USD 4.10 per Mcf; derivative losses widened to USD 434 million.
  • Devon and Coterra shareholders approved an all-stock merger expected to close May 7; Coterra reiterated full-year 2026 guidance on a stand-alone basis.


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