---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-151250"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2026-04-10T23:59:59+00:00"
generated_at: "2026-05-15T06:39:36.617463+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Devon provides pro forma financials for $23.4B Coterra merger; combined reserves of 4.99B Boe

## Summary
- Exchange ratio: 0.70 Devon shares per Coterra share; total consideration ~$23.4B based on $44.00 DVN price.
- Pro forma FY2025 revenue $24.8B, net earnings $3.807B ($3.24 diluted EPS).
- Combined proved reserves of 4,993 MMBoe (2,428 Devon + 2,565 Coterra) as of Dec 31, 2025.
- Fair value adjustments add $10.9B to oil & gas property; deferred tax liabilities increase $2.6B.
- Estimated one-time transaction costs of $50M (pre-tax) reflected in pro forma adjustments.

## SEC filing metadata
- accession: 0001193125-26-151250
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2026-04-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312526151250/0001193125-26-151250-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312526151250/d129387d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-151250
- JSON: https://secwatch.observer/filing/0001193125-26-151250.json
- Plain text: https://secwatch.observer/filing/0001193125-26-151250.txt

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