M&A - Coterra Energy Inc.

Form Type: 10-Q

Filing Date: 2025-05-06

Corporate Action: Acquisition

Type: Update

Accession Number: 000085847025000111

Filing Summary: Coterra Energy Inc. has filed its Form 10-Q for the quarterly period ending March 31, 2025. The financial statements included therein reflect the company's operations, assets, and liabilities. Key segments such as oil and gas development and production are highlighted. The acquisition of Franklin Mountain Energy, closed on January 27, 2025, involved total consideration of $2.5 billion, comprising $1.7 billion in cash and 28,190,682 shares of Coterra common stock. Preliminary purchase price allocation reveals the valuation of assets including oil and gas properties and gathering systems.

Form Type: 8-K

Filing Date: 2024-12-31

Corporate Action: Acquisition

Type: Update

Accession Number: 000110465924132643

Filing Summary: Coterra Energy Inc. has reported an update regarding its Membership Interest Purchase Agreement (FME Purchase Agreement) with Franklin Mountain Energy Holdings, LP and other parties. On December 28, 2024, the parties entered into a First Amendment to the agreement to include approximately 1,650 net royalty acres owned by Sandia Minerals, LLC, which were previously designated as Excluded Assets. Additionally, this amendment increased the cash consideration of the agreement by $43 million. This document references previous filings and agreements related to this acquisition and provides further details on the modifications made to the original terms of the agreement.