Devon Q1 core EPS $1.04, oil production 387K bbl/d (top-end); Coterra merger approved, close May 7

DEVON ENERGY CORP/DE

2026-Q1 EPS reported $0.19 revenue$3,807,000,000

Net earnings $120M ($0.19/diluted); core earnings $641M ($1.04/diluted).
Operating cash flow $1.7B, free cash flow $816M; capex $848M, 6% below guidance.
Coterra merger approved by both sets of shareholders on May 4; expected close May 7; DVN owns 54% of combined company.
Planned $0.315/sh dividend and new $5B+ buyback authorization after close, subject to Board approval.
Q2 standalone guidance: 851-868 MBoe/d production, ~$900M capex; full-year guidance deferred to mid-June.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DEVON ENERGY CORP/DE reported first quarter of 2026 results: net income $120 million, EPS $0.19 per diluted share.

Period: first quarter of 2026
Net income: $120 million
EPS: $0.19 per diluted share
Result: reported results

Exact text from the filing

Devon reported net earnings of $120 million, or $0.19 per diluted share, in the first quarter of 2026.

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

DEVON ENERGY CORP/DE filing history →

Source: SEC EDGAR

accession 0001193125-26-206689

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