Devon Energy DVN
- Headquarters
- Houston, TX
- CEO
- Clay M. Gaspar
- Next results
- around Feb 16, 2027
DVN among Energy peers
Six ratios from the latest 10-K. Each corner is the share of 20 peers the company is above, not a score.
What changed
11 new risk paragraphs. 10-K filed Feb 18, 2026 against Feb 19, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
11 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 11 checks found nothing to note
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Receivables -9.1% vs revenue +7.8% (-17.0 pts)
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Cash from operations $6.7B vs net income $2.6B (FY ending Dec 31, 2025)
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Inventory +14.3% vs revenue +7.8% (+6.5 pts)
8 more checks with nothing to note
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Same auditor in both 10-Ks: KPMG LLP
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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The same matters as last year: Estimate of proved oil and gas reserves used in the depletion of proved oil and gas properties
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
11 paragraphs in Risk Factors that were not in the 10-K filed Feb 19, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 19, 2025 10-K, ITEM 1A
We May Fail to Realize the Anticipated Benefits of the Merger, and Any Failure to Successfully Integrate the Businesses and Operations of Devon and Coterra May Adversely Affect Our Future Results The success of the Merger will depend on, among other things, the combined company’s ability to realize anticipated synergies and benefits. If…
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Item 1A · new paragraph · not in the 10-K filed Feb 19, 2025 10-K, ITEM 1A
We Face Risks Associated with Artificial Intelligence and Other Emerging Technologies We increasingly use artificial intelligence (“AI”) and other emerging technologies to improve our business processes, including through the integration of various AI tools into certain of our information systems. However, we may not properly implement…
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Item 1A · new paragraph · not in the 10-K filed Feb 19, 2025 10-K, ITEM 1A
Activist Shareholders Could Cause Us to Incur Significant Expense, Hinder Execution of our Business Strategy and Impact Our Stock Price
New risk paragraphs, against peers
Latest 10-K of each, Energy companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $19.8B | $15.3B | $15.9B | $17.2B |
| Net income | $6.0B | $3.7B | $2.9B | $2.6B |
| Operating cash flow | $8.5B | $6.5B | $6.6B | $6.7B |
| Free cash flow | $6.0B | $2.7B | $3.0B | $3.1B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$17.2B ▲ 7.8% in FY2025$2.6B ▼ 8.7% in FY2025$3.1B ▲ 5.5% in FY2025
Recent filings
2 filings in the last 30 days · SEC EDGAR
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10-QNov 6, 2026Quarterly report (10-Q) period ended Sep 30, 2026
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8-KNov 5, 2026Quarterly results 8-K item 2.02
About the company
Devon Energy, Houston, TX · from the 10-K filed Feb 18, 2026
- Headquarters
- Houston, TX
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Nov 5, 2026
- Incorporated in
- DE
Email alerts
Sources
The 10-K filed Feb 18, 2026 (open at SEC), compared with the 10-K filed Feb 19, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/DVN/export.csv") into a cell.