DVN · 8-K · 20260804PR332824
Liquidity and Debt Position
DEVON ENERGY CORP/DE · 2026-08-04 · Importance 84 · Surprise 50 · In source text
Devon ended the second quarter with $1.0 billion of cash and an undrawn $3.0 billion credit facility. Outstanding debt totaled $11.4 billion at quarter-end. During the quarter, Devon retired $250 million of senior notes and $250 million of term-loan principal. Devon retired the remaining $750 million of its term loan in July and had no outstanding maturities until the second quarter of 2027.
Key facts
- Funded its $2.6 billion New Mexico federal lease acquisition with cash on hand. source
- During the quarter, Devon retired $250 million of senior notes and retired $250 million of its term loan. source
- In July, Devon retired the remaining $750 million of its term loan. source
- Outstanding debt totaled $11.4 billion at the end of the second quarter. source
- At the end of the second quarter, Devon had a cash balance of $1.0 billion and an undrawn credit facility of $3.0 billion. source
- The company has no outstanding maturities until the second quarter of 2027. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | — | Funded its $2.6 billion New Mexico federal lease acquisition with cash on hand. |
| assets | positive | realized | — | Funded its $2.6 billion New Mexico federal lease acquisition with cash on hand. |
| cash | negative | realized | — | In July, Devon retired the remaining $750 million of its term loan. |
| liability | negative | realized | — | In July, Devon retired the remaining $750 million of its term loan. |