---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-054657"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2026-02-17T23:59:59+00:00"
generated_at: "2026-05-16T02:19:48.839123+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Devon Energy reports Q4 earnings beat and announces all-stock merger with Coterra Energy

## Summary
- Merger with Coterra Energy in all-stock deal; Devon shareholders to own ~54%, Coterra ~46%.
- Q4 net earnings $562M ($0.90 diluted EPS); core earnings $510M ($0.82 diluted).
- Q4 production 851 MBoe/d (390 Mbo/d oil), exceeding top-end guidance; capex $883M.
- Free cash flow $702M; quarterly dividend to increase 31% to $0.315/sh post-merger close.
- Share repurchases suspended until merger close; new >$5B authorization expected thereafter.

## SEC filing metadata
- accession: 0001193125-26-054657
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2026-02-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312526054657/0001193125-26-054657-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312526054657/d111666d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-054657
- JSON: https://secwatch.observer/filing/0001193125-26-054657.json
- Plain text: https://secwatch.observer/filing/0001193125-26-054657.txt

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