• Coterra Energy average gross margin for 2023 was 79.12%, a 4.09% decline from 2022.
• Coterra Energy average gross margin for 2022 was 82.49%, a 29.03% decline from 2021.
• Coterra Energy average gross margin for 2021 was 63.93%, a 8.71% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.