Coterra Energy stock exits NYSE after USD 25 billion merger

Coterra Energy stock exited the NYSE after its merger with Devon Energy closed on May 7, 2026. The last quoted value was USD 32.56, while the transaction transferred each Coterra share into 0.70 Devon shares.

Merger sets the final valuation

Coterra Energy states that the merger with Devon Energy was completed on May 7, 2026. The company directed shareholders to Devon for information on the combined organization.

Bloomberg Law reported on September 23, 2026, that Devon acquired Coterra in May for USD 25 billion. That figure places the former Coterra business inside a broader shale platform rather than under a separate public-market valuation.

Share conversion changes the reference

According to Stock Titan, Coterra became a wholly owned Devon subsidiary after the merger, and each Coterra share converted into 0.70 shares of Devon common stock. The filing also states that Coterra common stock was delisted from the NYSE and will be deregistered.

The comparison is direct: one former Coterra share now corresponds to less than one Devon share, while the USD 25 billion transaction value provides the final corporate benchmark. For shareholders, Devon stock is the relevant listed security after the conversion.

Last quote and yearly range

The last quoted Coterra value was USD 32.56 on the NYSE on May 7, 2026. The same market snapshot shows a 52-week range of USD 22.33 to USD 36.88 and a market capitalization of USD 24,724,651,515.