8-KEarnings & ResultsExhibits & Filings

DEVON ENERGY CORP/DE 8-K Report, Financial Results (Nov 5, 2019)

Filed November 5, 2019For Securities:DVN

Summary

Devon Energy Corporation (DVN) filed an 8-K on November 5, 2019, to announce its financial and operational results for the third quarter ended September 30, 2019. The filing includes an earnings release, an operations report, and supplemental financial information, all of which provide key details for investors regarding the company's performance during the period. These documents are crucial for understanding the company's operational achievements, financial standing, and future outlook, including updated guidance and hedging strategies. While the 8-K itself does not contain the detailed financial results, it serves as a notification that these important updates have been released and are available for review. Investors should refer to the furnished exhibits (99.1, 99.2, and 99.3) for the substantive information concerning DVN's performance and strategic positioning. The company emphasizes that this information is furnished and not deemed 'filed' for certain regulatory purposes, a common distinction in SEC filings.

Key Highlights

  • 1Devon Energy (DVN) announced Q3 2019 financial and operational results on November 5, 2019.
  • 2The 8-K filing serves to furnish the company's earnings release (Exhibit 99.1).
  • 3Investors can find detailed operational performance data in the Q3 2019 operations report (Exhibit 99.2).
  • 4Supplemental financial information, including updated guidance and hedging details, is provided in Exhibit 99.3.
  • 5These documents offer insights into the company's performance and strategic outlook for the third quarter of 2019.
  • 6The information is furnished under Item 2.02 and Item 9.01(d) of the 8-K, with exhibits made available on the company's website.

Frequently Asked Questions

The specific financial results and operational details for Q3 2019 are available in the exhibits furnished with the 8-K filing: the Earnings Release (Exhibit 99.1), the Operations Report (Exhibit 99.2), and Supplemental Financial Information including guidance and hedging (Exhibit 99.3). These documents are also accessible on Devon Energy's website at www.devonenergy.com.

When information is 'furnished' under Item 2.02 of an 8-K, it means the company is providing the information to the SEC but it is not subject to the liability provisions of Section 18 of the Exchange Act, nor is it automatically incorporated by reference into future SEC filings (like registration statements) unless specifically stated. This is a common practice for earnings releases.

Yes, the filing indicates that supplemental financial information, including guidance, is provided as Exhibit 99.3. Investors should review this exhibit for any updates or changes to the company's financial and operational outlook.

The Q3 2019 Operations Report (Exhibit 99.2) typically provides details on production volumes, drilling activity, operational efficiency, and segment performance, offering a deeper dive into the company's upstream activities beyond just the financial numbers.