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Devon Energy and Coterra Announce All-Stock Merger

Announced
EnergyMerger

Deal Overview

Devon Energy is described as entering an all-stock merger with Coterra Energy. The article states the combined company targets $1.0B in annualized cost savings by FY 2027.

The excerpt links the outlook to elevated oil prices tied to escalating Middle East conflict and U.S.-Iran tensions. It also claims Devon trades at a forward P/E of 12.2X, below the industry average, and frames merger synergies and production growth as drivers of cash-flow upside.

Key Details

Target
Coterra Energy
Deal Size
Over $100M

Filed under

Source

Read full article on seekingalpha.com

via Seeking Alpha · April 6, 2026

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