| Schedule Of Debt Instruments and Balances |
See below for a summary of debt instruments and balances. The notes, debentures and Term Loan reflected below are senior, unsecured obligations of Devon.
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June 30, 2026 |
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December 31, 2025 |
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3.90% due May 15, 2027 (1) |
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$ |
750 |
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|
$ |
— |
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7.50% due September 15, 2027 |
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|
73 |
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|
|
73 |
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5.25% due October 15, 2027 |
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|
390 |
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|
|
390 |
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5.875% due June 15, 2028 |
|
|
325 |
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|
|
325 |
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4.375% due March 15, 2029 (1) |
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|
500 |
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|
|
— |
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4.50% due January 15, 2030 |
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|
585 |
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|
|
585 |
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7.875% due September 30, 2031 |
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|
675 |
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|
675 |
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7.95% due April 15, 2032 |
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|
366 |
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|
|
366 |
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5.60% due March 15, 2034 (1) |
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|
500 |
|
|
|
— |
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5.20% due September 15, 2034 |
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|
1,250 |
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|
1,250 |
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5.40% due February 15, 2035 (1) |
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|
750 |
|
|
|
— |
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5.60% due July 15, 2041 |
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|
1,250 |
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|
|
1,250 |
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4.75% due May 15, 2042 |
|
|
750 |
|
|
|
750 |
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5.00% due June 15, 2045 |
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|
750 |
|
|
|
750 |
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5.75% due September 15, 2054 |
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|
1,000 |
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|
1,000 |
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5.90% due February 15, 2055 (1) |
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|
750 |
|
|
|
— |
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Term Loan due September 25, 2026 |
|
|
750 |
|
|
|
1,000 |
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Net premium on debentures and notes |
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|
22 |
|
|
|
23 |
|
Debt issuance costs |
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(48 |
) |
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(48 |
) |
Total debt |
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$ |
11,388 |
|
|
$ |
8,389 |
|
Less amount classified as short-term debt |
|
|
1,497 |
|
|
|
998 |
|
Total long-term debt |
|
$ |
9,891 |
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|
$ |
7,391 |
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(1)These instruments were assumed by Devon in May 2026 in conjunction with the Merger. Approximately $277 million and $27 million of these instruments remain the unsecured and unsubordinated obligations of Coterra and Coterra Energy Operating Co., respectively, each of which is a subsidiary of Devon.
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| Schedule of Debt Maturities |
The following schedule includes the summary of the Coterra debt Devon assumed upon closing of the Merger on May 7, 2026.
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Face Value |
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Fair Value |
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3.77% due September 18, 2026 |
|
$ |
250 |
|
|
$ |
249 |
|
3.90% due May 15, 2027 |
|
|
750 |
|
|
|
747 |
|
4.375% due March 15, 2029 |
|
|
500 |
|
|
|
499 |
|
5.60% due March 15, 2034 |
|
|
500 |
|
|
|
516 |
|
5.40% due February 15, 2035 |
|
|
750 |
|
|
|
762 |
|
5.90% due February 15, 2055 |
|
|
750 |
|
|
|
732 |
|
|
|
$ |
3,500 |
|
|
$ |
3,505 |
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