8-KOther EventsExhibits & Filings

DEVON ENERGY CORP/DE 8-K Report, Corporate Update (May 22, 2026)

Filed May 22, 2026For Securities:DVN

Summary

Devon Energy Corp./DE (DVN) has filed a Current Report on Form 8-K on May 22, 2026, to provide unaudited pro forma combined financial statements related to a significant merger. These statements, included as Exhibit 99.1, present the combined company's financial position as of March 31, 2026, and results of operations for the three months ended March 31, 2026, and the full year ended December 31, 2025, as if the merger had been completed on January 1, 2025. Investors should note that these are pro forma statements and do not represent historical financial results, nor are they predictive of future performance. Actual results post-merger may materially differ from these projections due to variations in assumptions and estimates. The primary purpose of this filing is to offer stakeholders a hypothetical view of the combined entity's financial standing and operational performance before the actual closing of the merger. This allows for a clearer understanding of the potential scale and financial implications of the transaction. While these pro forma statements are a valuable tool for analysis, they should be reviewed in conjunction with other disclosures and an understanding that they are based on specific assumptions that may not materialize.

Key Highlights

  • 1Filing includes unaudited pro forma combined balance sheet as of March 31, 2026.
  • 2Filing includes unaudited pro forma combined statements of operations for Q1 2026 and FY 2025.
  • 3Pro forma statements are presented as if the merger had been completed on January 1, 2025.
  • 4The pro forma financial statements do not represent historical results but a hypothetical scenario.
  • 5Actual future financial position and results of operations may differ materially from pro forma projections.
  • 6Filing incorporates Pro Forma Financial Statements as Exhibit 99.1.

Frequently Asked Questions

The main purpose of this 8-K filing is to provide investors with unaudited pro forma combined financial statements that illustrate the potential financial position and results of operations of Devon Energy as if a significant merger had already been completed. This allows stakeholders to better understand the scale and financial impact of the transaction.

No, the pro forma financial statements are not historical results. They are hypothetical presentations showing what the combined company's financial position and results of operations would have looked like if the merger had occurred on specific past dates. They are based on assumptions and estimates, not actual past performance of the combined entity.

Investors should interpret these pro forma statements as a tool to understand the potential financial scale and structure of the combined company post-merger. However, it is crucial to remember that these are projections based on specific assumptions. Actual results may differ significantly from these pro forma figures, and investors should consider this disclaimer carefully.

The unaudited pro forma combined balance sheet and statements of operations, along with related notes, are filed as Exhibit 99.1 to this Current Report on Form 8-K. These are incorporated by reference into the filing.