---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-206689"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:12:50.080838+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-206689
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312526206689/0001193125-26-206689-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312526206689/d947371d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-206689
- JSON: https://secwatch.observer/filing/0001193125-26-206689.json
- Plain text: https://secwatch.observer/filing/0001193125-26-206689.txt

## Source-grounded claims
- claim_id: 8d4ba54e68647d3ef7022f9b4a8f54420ca8da2e
  claim: DEVON ENERGY CORP/DE reported first quarter of 2026 results: net income $120 million, EPS $0.19 per diluted share.
  evidence_excerpt: Devon reported net earnings of $120 million, or $0.19 per diluted share, in the first quarter of 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526206689/0001193125-26-206689-index.htm

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