8-KEarnings & ResultsRegulation FDExhibits & Filings

DEVON ENERGY CORP/DE 8-K Report, Financial Results (Feb 19, 2019)

Filed February 19, 2019For Securities:DVN

Summary

Devon Energy Corporation (DVN) filed an 8-K on February 19, 2019, to announce its fourth quarter and full-year 2018 financial and operational results. Alongside these results, the company provided a strategic update and issued guidance for 2019. These announcements include information on strategic initiatives, operational performance for the period, and financial projections, which are crucial for investors to assess the company's current standing and future outlook. The filing incorporates several exhibits, including press releases and a strategic update and operations report, which contain the detailed financial and operational data. Investors should review these exhibits carefully for a comprehensive understanding of Devon Energy's performance and strategic direction as presented at the beginning of 2019. The company also affirmed its status as an emerging growth company but has elected not to use the extended transition period for new accounting standards.

Key Highlights

  • 1Announcement of Q4 and Full-Year 2018 Financial and Operational Results.
  • 2Presentation of Strategic Initiatives undertaken by the company.
  • 3Provision of a Strategic Update and Operations Report for Q4 2018.
  • 4Issuance of Financial Guidance for the upcoming 2019 fiscal year.
  • 5Key financial and operational details are furnished as exhibits to the 8-K filing.
  • 6Devon Energy is an emerging growth company but has opted out of extended transition periods for new accounting standards.

Frequently Asked Questions

This 8-K filing serves to announce and provide access to Devon Energy's financial and operational results for the fourth quarter and full year ended December 31, 2018, along with updates on strategic initiatives and guidance for 2019.

The detailed information is contained within the exhibits attached to this 8-K filing, specifically Exhibits 99.1, 99.2, 99.3, and 99.4, which include press releases, a strategic update, and supplemental financial information. These are also available on Devon Energy's website.

Yes, the filing indicates that the company provided guidance for 2019, which is important for investors to evaluate the company's expected performance in the upcoming year.

Devon Energy has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act, despite being an emerging growth company.