Company facts
- Industry
- Crude Petroleum & Natural Gas
- Headquarters
- Houston, Texas
- Most recent report
- 10-Q, filed Nov 6, 2026
- Incorporated
- Delaware
- Filings on record
- 1,000+ filings
- On EDGAR
- CIK 1090012
- Fiscal year ends
- December
- Filer status
- Large accelerated filer
Financials 8 of 53
News 8 of 150
Prospectuses and Registrations 8 of 33
- 424B3 Prospectus supplement for an offering Jun 5, 2026
- POS AM Post-effective amendment to a registration May 7, 2026
- S-3ASR Automatic shelf registration Apr 10, 2026
- 424B3 Prospectus supplement for an offering Mar 30, 2026
- S-4/A Registration statement for a merger or exchange, amended Mar 24, 2026
- S-4 Registration statement for a merger or exchange Mar 12, 2026
- 424B5 Prospectus supplement for an offering Aug 21, 2024
- FWP Free writing prospectus Aug 19, 2024
Proxies 8 of 43
- DEF 14A Proxy statement for a shareholder vote May 28, 2026
- DEFM14A Mar 30, 2026
- DEFA14A Extra proxy material Apr 23, 2025
- DEF 14A Proxy statement for a shareholder vote Apr 23, 2025
- PX14A6G Shareholder's own proxy material May 3, 2024
- DEFA14A Extra proxy material Apr 25, 2024
- DEF 14A Proxy statement for a shareholder vote Apr 25, 2024
- PX14A6G Shareholder's own proxy material Apr 28, 2023
Ownership 8 of 631
- 4 Insider reported a trade Sep 14, 2026
- 4 Insider reported a trade Sep 14, 2026
- 144 Notice of a proposed sale of restricted stock Sep 14, 2026
- 144 Notice of a proposed sale of restricted stock Sep 14, 2026
- 3 Insider reported their initial holding Aug 25, 2026
- 3 Insider reported their initial holding Aug 25, 2026
- 144 Notice of a proposed sale of restricted stock Aug 24, 2026
- SCHEDULE 13G Large holder reported a passive stake Aug 13, 2026
Other 8 of 90
What to read: Sep 2026 10-Q
SECSift found 5 of 13 sections worth reading, with 3 positive, 18 notable, and 0 negative flags.
Financial Statements (Item 1)
Massive Coterra merger transforms balance sheet; huge debt, equity, and asset swings.Notable- Spent $2.6B on 16,300 net undeveloped Permian acres via BLM lease sale in Q2 2026.
- Agreed to sell Eagle Ford assets for $4.2B cash, expected close early 2027; expects material gain.
- Restructuring costs $258M YTD 2026, mostly merger severance; $76M in transaction fees.
- Income tax expense includes $218M benefit from CAMT guidance (Notice 2026-7) in Q1 2026.
- Fervo IPO boosted investment value by $201M in Q2 2026; Devon's stake diluted to 12%.
- Committed up to $500M for Solitude pipeline JV; max exposure $900M including future commitments.
- Repaid $1.0B term loan in full by July 2026; early redeemed $250M of 3.77% notes.
- Authorized $8.0B buyback through June 2029; spent $686M on 15.1M shares YTD 2026.
- Dividend raised 33% to $0.32/share in Q2 2026; paid $887M YTD.
- Decommissioning legacy liability $120M accrued; $125M BSEE order for East Bay Field in Q1 2025.
Management's Discussion (Item 2)
Merger with Coterra closed May 2026; Eagle Ford sale for $4.2B; $8.0B buyback; debt retired $1.25B YTD.PositiveNotable- Generated $2.8B operating cash flow in Q3 2026, up from $1.7B in Q3 2025.
- Assumed ~$3.5B of Coterra debt at merger close on May 7, 2026.
- CRA proposed material adjustments to prior tax years; Devon contests and may need cash deposits.
- Merger may trigger an ownership change under Section 382, limiting tax loss carryforwards.
Market Risk (Item 3)
Quantified commodity derivative exposure and debt profile with specific numbers for current period.Controls and Procedures (Item 4)
Merger integration is ongoing; controls are effective but changes are coming.Unregistered Sales and Repurchases (Item 2)
Buyback pace surged in September; $7.4B remaining under new $8B program.
What changed: Sep 2026 vs. Jun 2026
About 5% of DVN's Sep 2026 10-Q is new information. 20 paragraphs were added, 152 changed, and 22 removed. Below are the most important lines SECSift identified.
Changed
- Liquidity dropped to $3.4 billion including $413 million cash from $4.0 billion including $1.0 billion cash.
- Net earnings fell to $1,008 from $1,911 for the three months ended September 30, 2026 vs June 30, 2026.
- Oil, gas and NGL sales rose to $5,939 from $5,106 for the three months ended September 30, 2026 vs June 30, 2026.
- Synergies expected to be captured in 2027 rose to approximately $700 million from $600 million.
- Derivatives now cover last 3 months of 2026 plus 2027 and 2028, up from last 6 months of 2026 plus 2027.
- Exhibit 10.1 changed from 2026 Form of Notice of Grant of Restricted Stock Award for non-management directors to 2026 Amendment to the 2022 Long-Term Incentive Plan.
- Exhibit 10.2 changed from 2026 Form of Notice of Grant of Restricted Stock Unit Award for non-management directors to Amendment to Severance Agreement with John Raines.
- Exhibit 10.3 changed from Cabot Oil & Gas 2014 Incentive Plan to Form of Notice of Grant of Restricted Stock Award (three-year cliff vesting).
- Quarter changed from Q2 2026 to Q3 2026, with total shares purchased rising to 9,065 from 5,204.
- Reference to prior legal proceedings now points to Second Quarter 2026 10-Q instead of 'matters described below'.
Removed
- Prior filing described old $5.0 billion program terminated May 7, 2026; current filing omits that history.
- The $750 million variable-rate Term Loan at 4.96% was removed from the disclosure.
- Dropped the EPA NOV disclosure about Coterra Energy air emission violations from 2020-2023.
- Removed Exhibits 10.4 through 10.11, which included Coterra equity plans, award agreements, and deferred compensation plans.
Everything here comes from Devon Energy Corp's own filings on SEC EDGAR. The filing list is rechecked every hour. SECSift analysis was completed on Nov 6, 2026, from the 10-Q for Sep 2026.