Coterra Energy Inc. reported that it entered into a merger agreement with Devon Energy Corporation on February 1, 2026, with a special stockholder meeting scheduled for May 4, 2026, to vote on the merger. The filing discloses financial analyses showing a current estimated equity value of $25.43 to $31.86 per share for Coterra based on projected cash flows and EBITDA of $5,202 million for FY 2026.