Coterra Energy updates three-year outlook through 2027

Updated three-year outlook – 2025 through 2027 – includes annual average oil growth of 5% or greater, annual average BOE growth of 0 to 5% and an average annual capital range of $2.1B-$2.4B, which includes legacy organic Coterra growth in 2025 and pro forma combined growth in 2026 and 2027. This outlook reflects an average reinvestment rate below 50% at the recent strip, pairing strong capital efficiency with consistent production growth.