Form 8-K · Current report
Devon Energy 8-K, filed Aug 4, 2026
- Filed
- CIK
- 0001090012
- Accession no.
- 0001193125-26-332824
Summary
Devon Energy reported second-quarter 2026 net earnings of $1.9 billion and oil production of 503,000 barrels per day, following its May 7 merger with Coterra Energy. It also declared a $0.32 per-share quarterly dividend, repurchased shares under an $8.0 billion authorization, and acquired 16,300 net Delaware Basin acres for $2.6 billion at a New Mexico federal lease sale.
Key points
- Devon Energy closed its merger with Coterra Energy on May 7, 2026.
- Second-quarter 2026 production averaged 1,359,000 barrels of oil equivalent per day, including 503,000 barrels of oil per day, at the top end of guidance.
- Devon reported net earnings of $1.9 billion and $1.7 billion of adjusted free cash flow, excluding $174 million of after-tax restructuring costs.
- The board increased the quarterly fixed dividend by 33 percent to $0.32 per share and authorized an $8.0 billion share repurchase program, with $7.8 billion remaining.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition. On August 4, 2026, Devon Energy Corporation (the “Company”) announced its financial and operational results for the quarterly period ended June 30, 2026. In connection with this announcement, the Company provided an earnings release and certain supplemental financial information (including guidance and hedging information). Copies of these documents are furnished as Exhibits 99.1 and 99.2, respectively, to this report and, along with certain other materials, will be available on the Company’s website at www.devonenergy.com. …
An excerpt of the text as filed with the SEC, cut for length.
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