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Devon Energy10-Q: Restructuring

Devon to merge with Coterra Energy in all-stock deal closing May 2026, targeting $1B in annual synergies.

What happened

The company incurred $19M in transaction costs in Q1 and has suspended its $5B share repurchase program to focus capital on the deal.

Source

SEC EDGARMay 6, 2026

Quarterly report (Form 10-Q)

Devon Energy 10-Q

Filing excerpt

On February 1, 2026, Devon and Coterra entered into the Merger Agreement to combine in an all-stock merger of equals transaction expected to close on May 7, 2026.

sec.gov/Archives/edgar/data/1090012/000119312526208143/dvn-20260331.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Restructuring

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
03/31
Filed
May 6, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Numbers

Dollar figure
$1B (sustainable annual synergies from Coterra merger)

Details

CIK
1090012
Accession number
0001193125-26-208143
Timeframe
Next quarter
Filing year
2026
Fiscal year
0
Why it matters
Change management needs
Signal category
Workforce

Topics and mentions

Vendors

  • Bank of America
  • N.A.
  • Standard and Poor’s Financial Services
  • Fitch
  • Moody’s Investor Service

Competitors

  • Coterra Energy Inc.

Vendors named

  • Bank of America, N.A.
  • Standard and Poor’s Financial Services
  • Fitch
  • Moody’s Investor Service

Extraction

Confidence
High
Relevance
100%
Sentiment
Positive
Detected
May 12, 2026
signal_type
sec-10q
signal_subtype
restructuring

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/57635a2c-c630-474c-a448-4741189cf2fd returns this record as JSON. POST /v1/companies/enrich returns every signal for devonenergy.com.

{
  "signal_id": "57635a2c-c630-474c-a448-4741189cf2fd",
  "signal_type": "sec-10q",
  "signal_subtype": "restructuring",
  "detected_at": "2026-05-12T09:24:57.401+00:00",
  "company": {
    "name": "Devon Energy",
    "domain": "devonenergy.com"
  },
  "data": {
    "detail": "This massive merger creates significant integration challenges and opportunities for vendors specializing in M&A system consolidation, process optimization, and change management. The company incurred $19M in transaction costs in Q1 and has suspended its $5B share repurchase program to focus capital on the deal.",
    "metrics": {
      "timeframe": "next_quarter",
      "dollar_context": "sustainable annual synergies from Coterra merger",
      "dollar_millions": 1000
    },
    "summary": "Devon to merge with Coterra Energy in all-stock deal closing May 2026, targeting $1B in annual synergies.",
    "excerpts": "On February 1, 2026, Devon and Coterra entered into the Merger Agreement to combine in an all-stock merger of equals transaction expected to close on May 7, 2026.",
    "relevance": 1,
    "sentiment": "positive",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1090012/000119312526208143/dvn-20260331.htm",
    "filing_date": "2026-05-06",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "03/31",
    "sales_relevance": "Change management needs",
    "signal_category": "workforce",
    "vendors_mentioned": [
      "Bank of America, N.A.",
      "Standard and Poor’s Financial Services",
      "Fitch",
      "Moody’s Investor Service"
    ],
    "competitors_mentioned": [
      "Coterra Energy Inc."
    ]
  }
}

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