Coterra Energy Inc. Files 8-K for Material Agreement

TL;DR

Coterra Energy just signed a big deal, filing an 8-K on Dec 28th.

AI Summary

Coterra Energy Inc. entered into a material definitive agreement on December 28, 2024. The filing also includes financial statements and exhibits related to this agreement. The company, formerly known as Cabot Oil & Gas Corp, is incorporated in Delaware and headquartered in Houston, Texas.

Why It Matters

This filing indicates a significant new contract or partnership for Coterra Energy, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood by the market.

Key Players & Entities

• Coterra Energy Inc. (company) — Registrant
• Cabot Oil & Gas Corp (company) — Former company name
• December 28, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• Houston, Texas (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.10 — ch registered Common Stock, par value $0.10 per share CTRA New York Stock Excha
• $43 million — ash consideration payable thereunder by $43 million. The foregoing description is qualified

Filing Documents

• tm2432240d1_8k.htm (8-K) — 25KB
• tm2432240d1_ex10-2.htm (EX-10.2) — 45KB
• 0001104659-24-132643.txt ( ) — 248KB
• ctra-20241228.xsd (EX-101.SCH) — 3KB
• ctra-20241228_lab.xml (EX-101.LAB) — 33KB
• ctra-20241228_pre.xml (EX-101.PRE) — 22KB
• tm2432240d1_8k_htm.xml (XML) — 4KB

01

Item 1.01. Entry Into a Material Definitive Agreement. As previously reported in the Current Report on Form 8-K filed by Coterra Energy Inc., a Delaware corporation (the "Company"), with the Securities and Exchange Commission on November 15, 2024, the Company has entered into a Membership Interest Purchase Agreement (the "FME Purchase Agreement"), dated as of November 12, 2024, by and among Franklin Mountain Energy Holdings, LP, a Delaware limited partnership, Franklin Mountain Energy Holdings 2, LP, a Delaware limited partnership, and Franklin Mountain GP2, LLC, a Texas limited liability company, the Company, Cimarex Energy Co., a Delaware corporation, and, solely in its capacity as Seller Representative (as defined therein), FMEH (collectively, the "Parties"). On December 28, 2024, the Parties entered into the First Amendment to Membership Interest Purchase Agreement (the "Amendment") in order to include approximately 1,650 net royalty acres owned by Sandia Minerals, LLC, which were previously Excluded Assets (as defined in the FME Purchase Agreement), in the transactions contemplated by the FME Purchase Agreement and to increase the cash consideration payable thereunder by $43 million. The foregoing description is qualified in its entirety by reference to the full text of the FME Purchase Agreement and the Amendment, which are filed as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Membership Interest Purchase Agreement, dated as of November 12, 2024, by and among Franklin Mountain Energy Holdings, LP, Franklin Mountain Energy Holdings 2, LP, and Franklin Mountain GP2, LLC, as sellers, solely in its capacity as Seller Representative, Franklin Mountain Energy Holdings, LP, Cimarex Energy Co., as purchaser, and Coterra Energy Inc., as purchaser parent (incorporated herein by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K filed with the SEC on November 15, 2024). 10.2 First Amendment to Membership Interest Purchase Agreement, dated as of December 28, 2024, but effective for all purposes as of November 12, 2024, by and among Franklin Mountain Energy Holdings, LP, Franklin Mountain Energy Holdings 2, LP, and Franklin Mountain GP2, LLC, as sellers, solely in its capacity as Seller Representative, Franklin Mountain Energy Holdings, LP, Cimarex Energy Co., as purchaser, and Coterra Energy Inc., as purchaser parent. 104 Cover Page Interactive Data File (formatted as Inline XBRL). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COTERRA ENERGY INC. Date: December 31, 2024 By: /s/ Marcus G. Bolinder Name: Marcus G. Bolinder Title: Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR