CTRA Coterra

FY2025 10-K
Filed: Feb 27, 2026
Energy
Crude Petroleum & Natural GasSEC EDGAR

Coterra (CTRA) filed its fiscal year 2025 10-K annual report with the SEC on Feb 27, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Section 'business' was empty or not found.

Management Discussion & Analysis

  • Revenue $7.645B in 2025 vs $5.458B in 2024, up $2.187B (40% YoY); oil +$746M, natural gas +$940M, NGL +$106M
  • Net income $1.7B ($2.25/share) vs $1.1B ($1.51/share) in 2024; effective tax rate 24.1% vs 16.7%
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Risk Factors

  • Hart-Scott-Rodino antitrust clearance required for Coterra-Devon all-stock merger; termination fee $865M plus up to $40M expense reimbursement if deal fails
  • Waha Hub negative spot pricing persisted through 2024, 2025, and early 2026 due to constrained Permian Basin pipeline capacity and oversupply
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Financial Summary
XBRL

Revenue

$7.3B

Net Income

$1.7B

Operating Margin

33.6%

Net Margin

23.5%

ROE

11.6%

Total Assets

$24.2B

EPS (Diluted)

$2.24

Operating Cash Flow

$4.0B

Source: XBRL data from Coterra FY2025 10-K filing on SEC EDGAR. All figures in USD.

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