Capital Stock (Tables)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Schedule of Stock by Class

The following table summarizes the dividends the Company has paid on its common stock during 2024, 2023 and 2022:

	Rate per share
	Base(1)		Variable		Total		Total Dividends Paid (In millions)
2024:
First quarter	$	0.21	$	—	$	0.21	$	160
Second quarter	0.21		—		0.21		158
Third quarter	0.21		—		0.21		156
Fourth quarter	0.21		—		0.21		156
Total year-to-date	$	0.84	$	—	$	0.84	$	630
2023:
First quarter	$	0.20	$	0.37	$	0.57	$	438
Second quarter	0.20		—		0.20		153
Third quarter	0.20		—		0.20		153
Fourth quarter	0.20		—		0.20		151
Total year-to-date	$	0.80	$	0.37	$	1.17	$	895
2022:
First quarter	$	0.15	$	0.41	$	0.56	$	455
Second quarter	0.15		0.45		0.60		484
Third quarter	0.15		0.50		0.65		519
Fourth quarter	0.15		0.53		0.68		533
Total year-to-date	$	0.60	$	1.89	$	2.49	$	1,991

(1) Increases to the Company’s base dividends were previously approved by the Company’s Board of Directors in the February meeting of the respective year presented.

Schedule of Conversions of Stock

During the years ended December 31, 2023 and 2022, holders of a portion of the Preferred Stock elected to convert their Preferred Stock into Coterra common stock and cash as follows:

	2023		2022
Preferred stock converted into Coterra common stock	2,000		21,900
Coterra common stock issued	79,285		809,846
Cash paid for conversion (in millions)	$	1	$	10
Book value of preferred shares at conversion (in millions)	$	3	$	39