secwatch.observer — SEC 8-K summary
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Issuer:     DEVON ENERGY CORP/DE (DVN)
CIK:        0001090012
Form:       8-K
Filed at:   2026-04-10T23:59:59+00:00
Accession:  0001193125-26-151250
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090012/000119312526151250/0001193125-26-151250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090012/000119312526151250/d129387d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-151250

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