secwatch.observer — SEC 8-K summary
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Issuer:     DEVON ENERGY CORP/DE (DVN)
CIK:        0001090012
Form:       8-K
Filed at:   2026-05-22T13:39:12+00:00
Accession:  0001193125-26-235632
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090012/000119312526235632/0001193125-26-235632-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090012/000119312526235632/d55276d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-235632

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