Coterra(CTRA) - 2025 Q4 - Annual Results

Sales Prices - Coterra Energy Inc. reported an average sales price of $58.16 per barrel for oil, $2.37 per Mcf for natural gas, and $15.63 per barrel for NGL, excluding hedges [5]. - Including hedges, the average sales price for oil was $60.34 per barrel, for natural gas was $2.44 per Mcf, and for NGL remained at $15.63 per barrel [5]. Derivative Instruments - For the fourth quarter of 2025, Coterra anticipates recognizing net cash received on settlements of derivative instruments amounting to $57 million [6]. - The company emphasizes that realized prices and the impact of hedges are subject to completion of financial closing procedures and final adjustments [6]. Risks and Uncertainties - Coterra's forward-looking statements indicate potential risks and uncertainties that could cause actual results to differ materially from expectations [9].