revenue $4.51B, net income $120.0M. Devon-Coterra merger targets synergies; Q1 core earnings fall 14%

Filed May 6, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 7, 2025 · ~1 min read

Key Changes

• high

  Post-merger plans include quarterly dividend and new $5B+ buyback authorization.

  MD&A: Coterra merger verify on EDGAR →
• high

  Q1 core earnings fell from year-ago, driven by lower realized commodity prices. Operating cash flow declined from despite cost efficiencies.

  MD&A: Core earnings verify on EDGAR →
• high

  Share repurchase program suspended per merger agreement after completing 89% ($4.5B of $5B authorization). Buybacks expected to resume post-close with new $5B+ authorization.

  MD&A: Share repurchases verify on EDGAR →