Coterra Energy Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934.For the quarterly period endedMarch 31, 2026OR☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934.Commission file number 1-10447 COTERRA ENERGY INC.(Exact name of registrant as specified in its charter) 04-3072771(I.R.S. EmployerIdentification Number) (State or other jurisdiction ofincorporation or organization) Three Memorial City Plaza840 Gessner Road, Suite1400, Houston, Texas 77024(Address of principal executive offices, including ZIP code) (281) 589-4600(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and(2)has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany” and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ As of April30, 2026, there were 759,358,254 shares of common stock, par value $0.10 per share, outstanding. Table of Contents COTERRA ENERGY INC.TABLE OF CONTENTS PartI. Financial Information Item1.Financial StatementsCondensed Consolidated Balance Sheet (Unaudited) as of March 31, 2026and December31, 20253Condensed Consolidated Statement of Operations (Unaudited) for the Three Months Ended March 31, 2026 and 20254Condensed Consolidated Statement of Cash Flows (Unaudited) for the Three Months Ended March 31, 2026 and 20255Condensed Consolidated Statement of Stockholders’ Equity (Unaudited) for the Three Months Ended March 31, 2026 and20256Notes to the Condensed Consolidated Financial Statements (Unaudited)7Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations20Item3.Quantitative and Qualitative Disclosures about Market Risk30Item4.Controls and Procedures33PartII. Other InformationItem1.Legal Proceedings34Item1A.Risk Factors34Item2.Unregistered Sales of Equity Securities and Use of Proceeds34Item 5.Other Information35Item6.Exhibits36Signatures37 PARTI. FINANCIAL INFORMATION COTERRA ENERGY INC. CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) COTERRA ENERGY INC. CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) COTERRA ENERGY INC. CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) COTERRA ENERGY INC. COTERRA ENERGY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) 1. Financial Statement Presentation During interim periods, Coterra Energy Inc. (the “Company”) follows the same accounting policies disclosed in its Annual Report onForm10-K for the year ended December31, 2025 (the “Form10-K”) filed with the SEC. The interim condensed consolidated financialstatements are unaudited and should be read in conjunction with the Notes to the Consolidated Financial Statements and informationpresented in the Form10-K. In management’s opinion, the accompanying interim condensed consolidated financial statements contain allmaterial adjustments, consisting only of normal recurring adjustments, necessary for a fair statement. The results for any interim period arenot necessarily indicative of the results that may be expected for the entire year. From time-to-time, management makes certain reclassifications to prior year statements to conform with the current yearpresentation. These reclassifications have no impact on previously reported stockholders’ equity, net income or cash flows. Significant Accounting Policies Segment Reporting The Company operates in one reportable operating segment, oil and natural gas development, exploration and production. Refer toNote 1 of the Notes to the Consolidated Financial Statements in the Form 10-K for further information. 2. Mergers and Acquisitions Pending Merger On February 1, 2026, the Company entered into an Agreement and Plan of