---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-316952"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2021-11-02T23:59:59+00:00"
generated_at: "2026-06-28T14:53:10.054391+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Devon Energy Q3 2021: record free cash flow $1.1B, dividend raised 71% to $0.84, $1B buyback authorized

## Summary
- Net earnings of $838M ($1.24 diluted EPS); core earnings $733M; operating cash flow $1.6B, up 46% QoQ.
- Free cash flow reached record $1.1B, an 8-fold increase vs Q4 2020; capital reinvestment rate 30%.
- Fixed-plus-variable dividend raised 71% to $0.84/share, payable Dec. 30 to holders of record Dec. 10.
- Board authorized $1B share repurchase program (4% of market cap) through year-end 2022.
- Total production of 608,000 Boe/d exceeded guidance by 5%; 2022 preliminary plan: 570-600 Mboe/d with capex $1.9-2.2B.

## SEC filing metadata
- accession: 0001193125-21-316952
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2021-11-02T23:59:59+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/1090012/000119312521316952/0001193125-21-316952-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312521316952/d202323d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-316952
- JSON: https://secwatch.observer/filing/0001193125-21-316952.json
- Plain text: https://secwatch.observer/filing/0001193125-21-316952.txt

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