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Devon Energy prepares merger completion with Coterra Energy
Devon Energy reported outstanding fourth-quarter and full-year 2025 financial results, with net earnings of $562 million for the quarter. The company announced a transformational merger with Coterra Energy, expected to close in Q2 2026, creating a premier shale operator and significantly enhancing free cash flow and shareholder returns. Devon plans to increase its quarterly dividend and establish a new share repurchase program post-merger.