Coterra Energy (NYSE:CTRA) Earnings Call Presentation

Devon & Coterra Transformative Merger February 2, 2026 Transformative Merger Creates Premier Shale Operator | Must-own, large-cap independent with $58 billion pro | • | Large-Cap Shale | forma enterprise value1 | | | | --- | --- | --- | --- | --- | --- | | Powerhouse | • | Resilience anchored by high-margin L48 portfolio & | balanced commodity mix | | | | • | Underpins over 50% of enterprise-wide production | | | | | | Franchise | and free cash flow | Delaware Asset | | | | | >10 years of highly competitive ...