---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-127511"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T01:58:17.875168+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Devon Energy beats Q1 production guidance, raises 2024 outlook; net earnings $596M

## Summary
- Q1 production 664K Boe/day (4% above guidance); Delaware Basin up 5% YoY.
- Net earnings $596M ($0.94 diluted EPS); core earnings $730M ($1.16).
- Operating cash flow $1.7B, free cash flow $844M; cash balance $1.1B.
- Raised FY 2024 production guidance to 655K-675K Boe/day (up 2%), capex unchanged $3.3-3.6B.
- Declared fixed-plus-variable dividend $0.35/share; repurchased 4.7M shares for $205M in Q1.

## SEC filing metadata
- accession: 0001193125-24-127511
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312524127511/0001193125-24-127511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312524127511/d804489d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-127511
- JSON: https://secwatch.observer/filing/0001193125-24-127511.json
- Plain text: https://secwatch.observer/filing/0001193125-24-127511.txt

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