---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-020850"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T17:00:09.072430+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Devon Energy Q3 net earnings $1.9B; dividend up 61% to $1.35/share; production beats guidance

## Summary
- Net earnings $1.9B ($2.88 diluted); core earnings $1.4B ($2.18); operating cash flow $2.1B (+32% YoY).
- Fixed-plus-variable dividend raised 61% YoY to $1.35/share, annualized yield of 7%.
- Production averaged 614,000 Boe/d, 2% above guidance; capital spending $688M, 4% below forecast.
- Closed $2.5B bolt-on acquisitions in Williston Basin and Eagle Ford; exited with $1.3B cash.
- Q4 production guidance raised to 640,000-660,000 Boe/d; upstream capital guided at $835M.

## SEC filing metadata
- accession: 0000950170-22-020850
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000095017022020850/0000950170-22-020850-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000095017022020850/dvn-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-020850
- JSON: https://secwatch.observer/filing/0000950170-22-020850.json
- Plain text: https://secwatch.observer/filing/0000950170-22-020850.txt

## Key facts
- Earnings Releases
  DEVON ENERGY CORP/DE updated its the third-quarter 2022 guidance (reaffirmed).
  - Period: the third-quarter 2022
  - Guidance: reaffirmed
  - Result: reported results
  source text: On November 1, 2022, Devon Energy Corporation (the “Company”) announced its financial and operational results for the quarterly period ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000095017022020850/0000950170-22-020850-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.