Devon Energy Corp SEC Filings

Devon Energy (DVN) reported Q3 2025 results with total revenues of $4.33 billion and net earnings of $687 million, or $1.09 per diluted share. Oil, gas and NGL sales were $2.81 billion, and marketing and midstream revenues were $1.44 billion.

Year-to-date through September, operating cash flow reached $5.18 billion, supporting $800 million of share repurchases and $0.72 per-share fixed dividends ($0.24 per quarter). Cash and equivalents were $1.28 billion, and total debt was $8.39 billion, reflecting the early redemption of $485 million notes due 2025 and a $1.0 billion term loan used to fund the 2024 Williston acquisition.

Devon closed the purchase of the remaining noncontrolling interests in Cotton Draw Midstream for $260 million and sold its Matterhorn investment for $372 million, recognizing a $307 million pre-tax gain. The company held a net commodity derivative asset of $134 million at quarter-end. Shares outstanding were 627.3 million as of October 23, 2025.

Devon Energy Corporation announced its financial and operational results for the quarterly period ended September 30, 2025. Alongside the announcement, the company furnished an earnings release and supplemental financial materials that include guidance and hedging information as Exhibits 99.1 and 99.2.

The materials are furnished under the Exchange Act and are not deemed filed, nor incorporated by reference, except as expressly stated in future filings. The company noted these documents will also be available on its website.

Devon Energy director Brent J. Smolik received 4,495 restricted shares on 10/09/2025 as a non‑cash grant that vests 100% the day after the grant. The reported transaction shows a grant price of $0, increasing Mr. Smolik's beneficial ownership to 7,095 shares following the award. The filing is a Form 4 disclosure under Section 16, reporting an insider equity grant by a director; the grant's immediate one‑day vesting means the shares become fully owned very quickly and are now reflected in his direct holdings.

Brent J. Smolik, a director of Devon Energy Corp (DVN), filed an initial Form 3 reporting direct ownership of 2,600 shares of the company's common stock. The event requiring the filing is dated 10/01/2025 and the Form 3 was signed on 10/08/2025 by an attorney-in-fact. The filing indicates this is an individual filing by one reporting person and discloses no derivative securities or additional indirect holdings.

Devon Energy Corporation announced the grant of restricted stock to Mr. Smolik in connection with his participation as a non-management director. The company references an indemnity agreement filed as Exhibit 10.43 to its 2024 Form 10-K and the non-management director compensation arrangements described on page 16 of its 2025 Proxy Statement. Mr. Smolik will receive restricted stock awards with a total value of $154,384, determined by the closing price on the effective grant date of October 9, 2025. The restricted shares will vest 100% on the day following the effective date of the grant. The filing is signed by Christopher J. Kirt, Vice President Corporate Governance and Secretary.

Devon Energy Corporation and related reporting persons disclosed initial beneficial ownership in WaterBridge Infrastructure LLC in connection with the company's IPO. Devon Holdco will receive 17,757,225 Class B shares and 17,757,225 WBI Operating LLC units (OpCo Units). The Class B shares carry no economic rights but provide one vote per share, while each OpCo Unit is redeemable for one newly issued Class A share or for a cash payment as determined under the OpCo limited liability company agreement. Ownership is held indirectly through a chain of wholly-owned subsidiaries.

Devon Energy director Kelt Kindick reported the sale of 7,685 Devon Energy common shares at a weighted average price of $33.46 per share, with individual trades ranging from $33.28 to $33.55. After the reported transactions, Kindick directly beneficially owns 31,801 shares and indirectly owns 42,590 shares through the 2019 Kelt Kindick Irrevocable Trust. The filing is a Form 4 disclosure of changes in beneficial ownership and notes the reported price is a weighted average from multiple transactions, with the filer offering to provide transaction-level details on request.

Devon Energy insider sale notice: The filing reports that Kelt Kindick intends to sell 7,685 shares of common stock through B of A Securities, Inc. at an aggregate market value of $255,756.80. The securities were originally acquired as board of directors compensation on 06/09/2022 and the filing lists an approximate sale date of 08/11/2025. The issuer's total shares outstanding are listed as 634,800,000, and the filer reports "Nothing to Report" for sales during the past three months. The notice includes the required representation that the seller is not aware of undisclosed material adverse information about the issuer.