What happens to Coterra stock after merger?

Written by Editorial Team | Last Updated: August 2026

Following the completion of the corporate merger between Coterra Energy and Devon Energy, Coterra ceased to exist as an independent publicly traded entity, and its common stock was officially retired and delisted from the New York Stock Exchange. Under the terms of the all-stock transaction agreement, existing shareholders of Coterra common stock had their shares automatically converted into the right to receive a predetermined fixed ratio of Devon Energy shares, alongside cash payments issued in lieu of any fractional shares. Consequently, former Coterra investors became shareholders of the combined larger shale operating corporation, participating in its unified equity performance, dividend distributions, and future market valuations under the Devon Energy corporate banner.

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