---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-235632"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2026-05-22T13:39:12+00:00"
generated_at: "2026-05-22T13:42:03.258002+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Devon closes Coterra merger; pro forma shows $24.8B revenue & $3.77B net income

## Summary
- Each Coterra share exchanged for 0.70 Devon shares; total consideration ~$24.947B.
- Pro forma FY2025 revenue $24.785B, net income attributable to Devon $3.768B ($3.24 diluted EPS).
- Pro forma Q1 2026 revenue $5.744B, net income $401M ($0.35 diluted EPS).
- Preliminary purchase price allocation: property & equipment fair value increased ~$12.55B from book.
- Combined pro forma assets $69.45B, equity $40.38B as of March 31, 2026.

## SEC filing metadata
- accession: 0001193125-26-235632
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2026-05-22T13:39:12+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312526235632/0001193125-26-235632-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312526235632/d55276d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-235632
- JSON: https://secwatch.observer/filing/0001193125-26-235632.json
- Plain text: https://secwatch.observer/filing/0001193125-26-235632.txt

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