---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-136770"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2022-05-02T23:59:59+00:00"
generated_at: "2026-06-26T01:54:04.975254+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Devon Q1 net earnings $1.0B ($1.48/sh); record free cash flow $1.3B; dividend raised 27% to $1.27/sh

## Summary
- Net earnings $1.0B, $1.48 diluted EPS; core earnings $1.88/sh. Operating cash flow $1.8B, up 14% QoQ.
- Record free cash flow $1.3B. Dividend increased 27% to $1.27/sh payable Jun 30, 2022.
- Share-repurchase authorization expanded 25% to $2.0B; repurchased 19.1M shares for $891M to date.
- Production held at 575 MBoe/d; Delaware Basin 70% of output. 2022 guidance unchanged: 570-600 MBoe/d, capex $1.9-2.2B.
- Cash balance rose $354M to $2.6B. Plan to retire ~$1.0B low-premium debt in 2022-2023.

## SEC filing metadata
- accession: 0001193125-22-136770
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2022-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312522136770/0001193125-22-136770-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312522136770/d228641d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-136770
- JSON: https://secwatch.observer/filing/0001193125-22-136770.json
- Plain text: https://secwatch.observer/filing/0001193125-22-136770.txt

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