Devon Energy Reports $69.45B Pro Forma Assets, $0.35 Q1 EPS Post-Coterra Merger
DVN sits 56% above its 52-week low of $30.24.
Summary
Devon Energy released its unaudited pro forma combined financial statements, showing $69.45 billion in total assets and $0.35 diluted EPS for Q1 2026, following the Coterra merger. This provides the first comprehensive financial snapshot of the newly combined entity after the merger officially closed on May 7th. These preliminary figures are crucial for investors to assess the company's updated scale and initial performance, though they exclude projected synergies and are subject to final purchase price allocation.
At the time of this announcement, DVN was trading at $47.23 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $54.4B. The 52-week trading range was $30.24 to $52.71. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Wiseek News.