Devon Energy Corp. today announced the final results of its previously announced offers to Eligible Holders to exchange any and all outstanding notes issued by Coterra Energy Inc., a direct, wholly owned subsidiary of Devon , as set forth in the table below for new notes issued by Devon and cash. The following table sets forth the aggregate principal amount of each series of Existing Coterra Notes that were validly [...]
NYSE issues a pre-market daily advisory direct from the trading floor. The New York Stock Exchange provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Ashley Mastronardi delivers the pre-market update on June 23rd Traders monitor new developments across the AI trade and the conflict in the Middle East. Disney releases the [...]
Devon Energy Corp. today announced Clay Gaspar, President and CEO will participate in a fireside chat at the J.P. Morgan Energy, Power, Renewables & Mining Conference. The fireside chat is scheduled for 8:45 a.m. Central time on Tuesday, June 23, 2026 and will be webcast live on Devon's website at www.devonenergy.com. A replay of the webcast will be available for 30 days following the event. ABOUT DEVON ENERGY Devon [...]
Devon Energy Corp. today provided an updated outlook for the combined company following the recent completion of its transformative merger with Coterra Energy. Supplemental guidance tables for the combined entity are included below and a presentation is available on the company's website at www.devonenergy.com. KEY HIGHLIGHTS Combined Production Outlook: Production is expected to average 1.380 million barrels of oil [...]
Devon Energy announced that, in connection with the previously announced offers to Eligible Holders to exchange any and all outstanding notes issued by Coterra Energy, a direct, wholly owned subsidiary of Devon, as set forth in the table below for new notes issued by Devon and cash, and solicitations of consents by Coterra from Eligible Holders to adopt certain proposed amendments to each of the corresponding indentures [...]
Devon Energy Corp. and Coterra Energy Inc. today announced that, in connection with the completed merger of Coterra, with Coterra surviving as a direct, wholly owned subsidiary of Devon, Devon has commenced offers to Eligible Holders to exchange any and all outstanding notes issued by Coterra as set forth in the table below for new notes issued by Devon and cash. The following table sets forth the Exchange Consideration [...]
Devon Energy Corp. announced the successful acquisition of 16,300 net undeveloped acres in the core of the Delaware Basin in Lea and Eddy Counties, New Mexico, for approximately $2.6 billion, or approximately $161,500 per net acre, through the Bureau of Land Management Oil and Gas Lease Sale. This acquisition bolsters the premier Delaware Basin positions in the industry, extends inventory life, and is accretive to net [...]
Devon Energy Corp. today announced a series of capital return actions following the successful completion of its previously announced all-stock merger with Coterra Energy Inc. earlier today. The actions reflect the board's confidence in the combined company's free cash flow generation and its commitment to delivering differentiated returns to shareholders through commodity cycles. "Today's actions demonstrate our [...]
Devon Energy Corp. and Coterra Energy Inc. today announced the successful completion of their previously announced all-stock merger , creating a premier large-cap shale operator with a high-quality asset base anchored by a leading position in the economic core of the Delaware Basin. The Transaction was approved by stockholders of both companies at special meetings held on May 4, 2026. The combined company will operate [...]
Devon Energy Corp. today reported financial and operational results for the first-quarter 2026. The company also provided a second-quarter 2026 outlook. Devon's earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, www.devonenergy.com. The company's first-quarter conference call will be held at 10:00 a.m. Central [...]
Devon Energy Corp. and Coterra Energy Inc. today announced that shareholders of both companies approved all proposals required to complete the previously announced all-stock merger between Devon and Coterra. The merger is expected to close on or around May 7, 2026. At the special meeting of Devon shareholders held today, more than 76 percent of the shares of Devon common stock were represented, and more than 98 percent of [...]
Kimmeridge, a private investment firm focused on the energy sector, today released an open letter to the future Board of Devon Energy ahead of the closing of its merger with Coterra , expected on May 4th, 2026. "The merger of Devon and Coterra represents a compelling strategic combination that brings together high-quality assets, operational scale and the potential for durable free cash flow," said Mark Viviano, Managing [...]
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