Devon Energy said it completed its merger with Coterra Energy Inc. on May 7, 2026. Each 1 share of Coterra common stock was converted into the right to receive 0.70 shares of Devon common stock and cash in lieu of fractional shares.

1. 01

   Devon Energy said it completed its merger with Coterra Energy Inc. on May 7, 2026. Each 1 share of Coterra common stock was converted into the right to receive 0.70 shares of Devon common stock and cash in lieu of fractional shares.

2. 02

   The company presented pro forma balance sheet figures as if the merger had been completed on March 31, 2026, including total assets of $69,451 million, total property and equipment, net of $60,327 million, and total equity of $40,375 million.

3. 03

   The company presented pro forma figures as if the merger had been completed on January 1, 2025, including full-year 2025 total revenues of $24,785 million and net earnings of $3,807 million, and total revenues of $5,744 million and net earnings of $401 million for Q1 2026 (3 months).

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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