Coterra Energy Inc (CTRA) financial statements: income statement, balance sheet and cash flow

Coterra Energy Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Coterra Energy Inc reported revenue of $7.6B (+40.1% year on year) and net income of $1.7B (+53.2% year on year).

Income statement

Coterra Energy Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Operating revenues	$7.3B	$5.5B	$5.7B	$9.5B
Gain (loss) on derivative instruments, net	$351.0M	($3.0M)	$230.0M	($463.0M)
Total operating revenues	$7.6B	$5.5B	$5.9B	$9.1B
Direct operations	$1.0B	$658.0M	$562.0M	$460.0M
Gathering, processing and transportation	$1.1B	$976.0M	$975.0M	$955.0M
Taxes other than income	$366.0M	$271.0M	$283.0M	$366.0M
Exploration	$27.0M	$25.0M	$20.0M	$29.0M
Depreciation, depletion and amortization	$2.4B	$1.8B	$1.6B	$1.6B
General and administrative	$323.0M	$302.0M	$291.0M	$396.0M
Total operating expenses	$5.2B	$4.1B	$3.8B	$3.8B
Gain on sale of assets	$5.0M	$3.0M	$12.0M	($1.0M)
INCOME FROM OPERATIONS	$2.5B	$1.4B	$2.2B	$5.2B
Interest expense	$205.0M	$106.0M	$73.0M	—
Interest income	($14.0M)	($62.0M)	($47.0M)	—
Other income	($2.0M)	$0	$0	$2.0M
Income before income taxes	$2.3B	$1.3B	$2.1B	$5.2B
Income tax expense	$546.0M	$224.0M	$503.0M	$1.1B
NET INCOME	$1.7B	$1.1B	$1.6B	$4.1B
Basic (in dollars per share)	$2.25	$1.51	$2.14	$5.09
Diluted (in dollars per share)	$2.24	$1.50	$2.13	$5.08
Basic (in shares)	761.0M	742.0M	756.0M	796.0M
Diluted (in shares)	764.0M	745.0M	760.0M	799.0M

Coterra Energy Inc income statement, quarters

Line item	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2	Mar 31, 2025 · Q1
Operating revenues	$2.4B	$1.8B	$1.7B	$2.0B
Loss on derivative instruments, net	($434.0M)	$62.0M	$232.0M	($112.0M)
Total operating revenues	$1.9B	$1.8B	$2.0B	$1.9B
Direct operations	$291.0M	$275.0M	$236.0M	$216.0M
Gathering, processing and transportation	$267.0M	$270.0M	$271.0M	$282.0M
Taxes other than income	$101.0M	$93.0M	$87.0M	$96.0M
Exploration	$5.0M	$7.0M	$4.0M	$10.0M
Depreciation, depletion and amortization	$555.0M	$619.0M	$579.0M	$506.0M
General and administrative	$79.0M	$83.0M	$84.0M	$92.0M
Total operating expenses	$1.3B	$1.3B	$1.3B	$1.2B
Loss on sale of assets	($3.0M)	$1.0M	$4.0M	$0
INCOME FROM OPERATIONS	$646.0M	$471.0M	$708.0M	$702.0M
Interest expense	$46.0M	$50.0M	$53.0M	$53.0M
Interest income	($3.0M)	($2.0M)	($2.0M)	($8.0M)
Income before income taxes	$603.0M	$423.0M	$658.0M	$657.0M
Income tax expense	$137.0M	$101.0M	$147.0M	$141.0M
NET INCOME	$466.0M	$322.0M	$511.0M	$516.0M
Basic (in dollars per share)	$0.61	$0.42	$0.67	$0.68
Diluted (in dollars per share)	$0.61	$0.42	$0.67	$0.68
Basic (in shares)	759.0M	763.0M	763.0M	756.0M
Diluted (in shares)	763.0M	767.0M	767.0M	761.0M

Balance sheet

Coterra Energy Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$114.0M	$2.0B	$956.0M	$673.0M
Restricted cash	$5.0M	$239.0M	$9.0M	$10.0M
Accounts receivable, net	$1.2B	$951.0M	$843.0M	$1.2B
Income taxes receivable	$201.0M	$20.0M	$51.0M	$89.0M
Inventories	$48.0M	$46.0M	$59.0M	$63.0M
Other current assets	$273.0M	$27.0M	$12.0M	$9.0M
Total current assets	$1.8B	$3.3B	$2.0B	$2.2B
Properties and equipment, net (Successful efforts method)	$22.1B	$17.9B	$17.9B	$17.5B
Other assets	$334.0M	$414.0M	$467.0M	$464.0M
Total assets	$24.2B	$21.6B	$20.4B	$20.2B
Accounts payable	$1.1B	$833.0M	$803.0M	$844.0M
Current portion of long-term debt	$250.0M	$0	$575.0M	—
Accrued liabilities	$197.0M	$276.0M	$261.0M	$328.0M
Interest payable	$54.0M	$27.0M	$21.0M	$21.0M
Total current liabilities	$1.6B	$1.1B	$1.7B	$1.2B
Long-term debt	$3.6B	$3.5B	$1.6B	$2.2B
Deferred income taxes	$3.7B	$3.3B	$3.4B	$3.3B
Asset retirement obligations	$329.0M	$291.0M	$280.0M	$271.0M
Other liabilities	$238.0M	$259.0M	$429.0M	$500.0M
Total liabilities	$9.4B	$8.5B	$7.4B	$7.5B
Redeemable preferred stock	$8.0M	$8.0M	$8.0M	$11.0M
Common stock:	$76.0M	$74.0M	$75.0M	$77.0M
Additional paid-in capital	$7.9B	$7.2B	$7.6B	$7.9B
Retained earnings	$6.9B	$5.9B	$5.4B	$4.6B
Accumulated other comprehensive income	$14.0M	$12.0M	$11.0M	$13.0M
Total stockholders' equity	$14.8B	$13.1B	$13.0B	$12.7B
Total liabilities and stockholders' equity	$24.2B	$21.6B	$20.4B	$20.2B

Coterra Energy Inc balance sheet, quarters

Line item	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025
Cash and cash equivalents	$485.0M	$98.0M	$192.0M	$186.0M
Restricted cash	$5.0M	$5.0M	$24.0M	$35.0M
Accounts receivable, net	$1.3B	$1.0B	$1.1B	$1.1B
Income taxes receivable	$57.0M	$210.0M	$85.0M	$4.0M
Inventories	$38.0M	$61.0M	$57.0M	$57.0M
Other current assets	$124.0M	$140.0M	$113.0M	$25.0M
Total current assets	$2.0B	$1.5B	$1.5B	$1.4B
Properties and equipment, net (Successful efforts method)	$22.2B	$22.2B	$22.1B	$22.1B
Other assets	$480.0M	$314.0M	$363.0M	$424.0M
Total assets	$24.6B	$24.0B	$24.0B	$24.0B
Accounts payable	$1.3B	$1.0B	$1.1B	$1.2B
Current portion of long-term debt	$250.0M	$250.0M	—	—
Accrued liabilities	$367.0M	$187.0M	$201.0M	$296.0M
Interest payable	$25.0M	$25.0M	$70.0M	$41.0M
Total current liabilities	$2.0B	$1.5B	$1.4B	$1.6B
Long-term debt	$3.3B	$3.7B	$4.2B	$4.3B
Deferred income taxes	$3.7B	$3.6B	$3.3B	$3.3B
Asset retirement obligations	$337.0M	$326.0M	$316.0M	$314.0M
Other liabilities	$233.0M	$239.0M	$244.0M	$232.0M
Total liabilities	$9.5B	$9.3B	$9.4B	$9.7B
Redeemable preferred stock	$8.0M	$8.0M	$8.0M	$8.0M
Common stock:	$76.0M	$76.0M	$76.0M	$76.0M
Additional paid-in capital	$7.8B	$7.9B	$7.9B	$7.9B
Retained earnings	$7.2B	$6.7B	$6.5B	$6.2B
Accumulated other comprehensive income	$14.0M	$15.0M	$16.0M	$16.0M
Total stockholders' equity	$15.1B	$14.7B	$14.6B	$14.2B
Total liabilities and stockholders' equity	$24.6B	$24.0B	$24.0B	$24.0B

Cash flow statement

Coterra Energy Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$1.7B	$1.1B	$1.6B	$4.1B
Depreciation, depletion and amortization	$2.4B	$1.8B	$1.6B	$1.6B
Deferred income tax expense (benefit)	$435.0M	($145.0M)	$74.0M	$235.0M
Gain on sale of assets	($5.0M)	($3.0M)	($12.0M)	$1.0M
Exploratory dry hole cost	$0	$5.0M	—	$0
(Gain) loss on derivative instruments, net	($351.0M)	$3.0M	($230.0M)	$463.0M
Net cash received on settlement of derivative instruments	$106.0M	$98.0M	$284.0M	($762.0M)
Amortization of debt premium, debt discount and debt issuance costs	($15.0M)	($12.0M)	($18.0M)	($40.0M)
Stock-based compensation and other	$62.0M	$61.0M	$57.0M	$73.0M
Accounts receivable, net	($67.0M)	($108.0M)	$378.0M	($184.0M)
Income taxes	($181.0M)	$31.0M	$38.0M	($118.0M)
Inventories	$1.0M	$13.0M	$4.0M	($24.0M)
Other current assets	($10.0M)	($3.0M)	($3.0M)	($4.0M)
Accounts payable and accrued liabilities	($77.0M)	$15.0M	($180.0M)	$96.0M
Interest payable	$27.0M	$6.0M	$0	($5.0M)
Other assets and liabilities	$9.0M	($127.0M)	$0	$53.0M
Net cash provided by operating activities	$4.0B	$2.8B	$3.7B	$5.5B
Capital expenditures for drilling, completion and other fixed asset additions	($2.3B)	($1.8B)	($2.1B)	($1.7B)
Capital expenditures for leasehold and property acquisitions	($99.0M)	($17.0M)	($10.0M)	($10.0M)
Cash consideration paid for business combinations, net of cash received	($3.2B)	—	—	—
Purchase of short-term investments	$0	($250.0M)	—	—
Proceeds from sale of short-term investments	$0	$250.0M	—	—
Other	($3.0M)	—	—	—
Net cash used in investing activities	($5.6B)	($1.8B)	($2.1B)	($1.7B)
Proceeds from issuance of debt	$1.7B	$2.0B	$0	$0
Repayments of debt	($1.4B)	($575.0M)	$0	($874.0M)
Common stock repurchases	($141.0M)	($455.0M)	($405.0M)	($1.3B)
Dividends paid	($682.0M)	($625.0M)	($890.0M)	($2.0B)
Other	($28.0M)	($23.0M)	—	—
Net cash (used in) provided by financing activities	($551.0M)	$279.0M	($1.3B)	($4.1B)
Net (decrease) increase in cash, cash equivalents and restricted cash	($2.2B)	$1.3B	$282.0M	($363.0M)
Cash, cash equivalents and restricted cash, beginning of period	$2.3B	$965.0M	$683.0M	$1.0B
Cash, cash equivalents and restricted cash, end of period	$119.0M	$2.3B	$965.0M	$683.0M

Coterra Energy Inc cash flow statement, quarters

Line item	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD	Mar 31, 2025 · Q1
Net income	$466.0M	$1.3B	$1.0B	$516.0M
Depreciation, depletion and amortization	$555.0M	$1.7B	$1.1B	$506.0M
Deferred income tax expense	$23.0M	$285.0M	$61.0M	$11.0M
Loss on sale of assets	$3.0M	($5.0M)	($4.0M)	$0
Loss on derivative instruments, net	$434.0M	($182.0M)	($120.0M)	$112.0M
Net cash paid on settlement of derivative instruments	($105.0M)	$49.0M	$13.0M	($22.0M)
Amortization of debt premium, debt discount and debt issuance costs, net	($5.0M)	($12.0M)	($9.0M)	($3.0M)
Stock-based compensation and other	$20.0M	$43.0M	$30.0M	$15.0M
Accounts receivable, net	($51.0M)	$130.0M	$91.0M	($4.0M)
Income taxes	$144.0M	($189.0M)	($65.0M)	$107.0M
Inventories	$10.0M	($12.0M)	($8.0M)	($8.0M)
Other current assets	($5.0M)	$11.0M	$12.0M	$10.0M
Accounts payable and accrued liabilities	$202.0M	($163.0M)	($97.0M)	($73.0M)
Interest payable	($29.0M)	($2.0M)	$43.0M	$14.0M
Other assets and liabilities	($16.0M)	$45.0M	$21.0M	($37.0M)
Net cash provided by operating activities	$1.6B	$3.1B	$2.1B	$1.1B
Capital expenditures for drilling, completion and other fixed asset additions	($655.0M)	($1.7B)	($1.1B)	($472.0M)
Capital expenditures for leasehold and property acquisitions	($15.0M)	($86.0M)	($57.0M)	($37.0M)
Cash consideration paid for business combinations, net of cash received	$0	($3.2B)	($3.2B)	($3.2B)
Other	($86.0M)	($2.0M)	($3.0M)	—
Net cash used in investing activities	($756.0M)	($5.0B)	($4.4B)	($3.7B)
Proceeds from issuance of debt	$169.0M	$1.4B	$1.4B	$1.0B
Repayments of debt	($469.0M)	($1.0B)	($700.0M)	($250.0M)
Common stock repurchases	($35.0M)	($51.0M)	($47.0M)	($24.0M)
Dividends paid	($169.0M)	($514.0M)	($346.0M)	($178.0M)
Tax withholding on vesting of stock awards	($16.0M)	($29.0M)	($24.0M)	($21.0M)
Other	$1.0M	$2.0M	($4.0M)	$1.0M
Net cash (used in) provided by financing activities	($519.0M)	($192.0M)	$229.0M	$528.0M
Net increase (decrease) in cash, cash equivalents and restricted cash	$371.0M	($2.2B)	($2.1B)	($2.1B)
Cash, cash equivalents and restricted cash, beginning of period	$119.0M	$2.3B	$2.3B	$2.3B
Cash, cash equivalents and restricted cash, end of period	$490.0M	$103.0M	$216.0M	$221.0M

Coterra Energy Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.