Every 10-Q that Devon Energy Corporation (DVN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow DVN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DVN filings page.
Devon Energy Corporation reported much higher results for the quarter ended June 30, 2026, reflecting increased oil, gas and NGL sales and the impact of its Coterra acquisition. Total revenues were $7,417 million, up from $4,284 million a year earlier, and net earnings attributable to Devon rose to $1,911 million, or diluted EPS of $2.03 versus $1.41.
The all-stock merger of equals with Coterra closed on May 7, 2026 at an exchange ratio of 0.70 Devon share per Coterra share, valuing the equity issued at about $24,946 million. From closing through June 30, Coterra contributed $1.3 billion of revenues and $230 million of net earnings. Total assets increased to $70,893 million and equity to $41,747 million, with approximately 1.1 billion common shares outstanding.
Operating cash flow for the first half of 2026 was $5,329 million. During the same period Devon incurred $2,157 million of capital expenditures, $2,919 million of additional property and equipment acquisitions, and purchased about 16,300 net undeveloped Permian acres through a BLM lease sale for approximately $2.6 billion using cash on hand. Devon also recorded $265 million of merger-related restructuring and transaction costs and ended the period with $9,891 million of long-term debt.
Devon Energy reported first-quarter 2026 total revenues of $3.807 billion and net earnings of $120 million, or $0.19 per diluted share, down sharply from $509 million a year earlier primarily due to a non-cash commodity derivative valuation loss of about $0.7 billion.
Operating cash flow remained strong at $1.655 billion against capital expenditures of $839 million, leaving quarter-end cash, cash equivalents and restricted cash of $1.815 billion and total liquidity of $4.8 billion. Long-term debt stood at $7.387 billion with a debt-to-capitalization ratio of 24.9%.
Devon highlighted an all-stock merger of equals with Coterra, under which each Coterra share will convert into 0.70 Devon share, targeting $1.0 billion in sustainable annual pre-tax synergies. The company is also on track to achieve a separate $1.0 billion optimization plan ahead of schedule and has repurchased roughly 102 million shares for about $4.5 billion cumulatively under its $5.0 billion authorization, currently suspended due to the pending merger. Devon paid a first-quarter 2026 dividend of $0.24 per share.
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.