Devon Energy Q2 FY26 net earnings rise to $1.9 billion; oil, gas and NGL sales total $5.1 billion

Reuters2026/08/04 20:12

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Devon Energy posted Q2 2026 net earnings of $1.9 billion, or $2.03 per diluted share; core earnings were $1.5 billion, or $1.57 per share.
Operating cash flow totaled $3.7 billion (GAAP); adjusted operating cash flow was $2.9 billion, with $1.7 billion of adjusted free cash flow.
Capital spending was $1.27 billion, with production averaging 1,359,000 Boe per day, including 503,000 barrels of oil per day.
Returned $1.06 billion via a $0.32-per-share dividend and share repurchases; repurchased 4,300,000 shares for $197 million under a new $8 billion program.
Closed the Coterra merger on May 7; targets at least $1 billion in annual pre-tax run-rate synergies by year-end 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Devon Energy Corporation published the original content used to generate this news brief on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Devon Energy Q2 FY26 net earnings rise to $1.9 billion; oil, gas and NGL sales total $5.1 billion

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