DVN · Energy
DEVON ENERGY CORP/DE
Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window
News · 2026-08-08
- Acquisition / Partnership / DivestitureImportance 71 · Surprise 60Devon Energy completed its merger with Coterra Energy, materially increasing production and broadening its U.S. oil and gas portfolio. Devon also acquired approximately 16,300 net acres in New Mexico’s Delaware Basin…
- Outstanding IndebtednessImportance 58 · Surprise 42Devon repaid approximately $1.25 billion of debt during the second quarter. The company reported completing its 2026 debt-reduction target and is targeting net debt to EBITDAX of 0.6 times by year-end. Debt reduction…
News · 2026-08-06
- Outstanding IndebtednessImportance 58 · Surprise 42Devon repaid approximately $1.25 billion of debt during the second quarter. The company reported completing its 2026 debt-reduction target and is targeting net debt to EBITDAX of 0.6 times by year-end. Debt reduction…
10-Q · 2026-08-05
- Upstream Production VolumeImportance 84 · Surprise 74Second-quarter 2026 production totaled 1,359 MBoe/d, including 503 MBbls/d of oil. Coterra legacy assets contributed approximately 488 MBoe/d in the second quarter, and Devon expects combined third-quarter production…
- Operating Cash Flow TrendsImportance 77 · Surprise 82Second-quarter 2026 operating cash flow was $3.674 billion, compared with $1.545 billion in the second quarter of 2025. Six-month operating cash flow increased 53% year over year to $5.329 billion from $3.487 billion,…
- Guidance / OutlookImportance 75 · Surprise 60Devon expects third-quarter 2026 production of approximately 1,660 to 1,690 MBoe/d, reflecting a full quarter of Coterra legacy production. Management remains on track to deliver at least $1.0 billion of annual pre-tax…
- Acquisition / Partnership / DivestitureImportance 71 · Surprise 60Devon completed an all-stock merger of equals with Coterra on May 7, 2026, creating a large-cap shale operator with assets in the Permian Basin, Rockies, Eagle Ford, Anadarko Basin and Marcellus Shale. The combination…
- Oil and Gas Price SensitivityImportance 69 · Surprise 56Second-quarter realized price with hedges increased to $40.36 per Boe from $38.94 in the first quarter, contributing $918 million to the sequential earnings increase. Hedged oil realization rose to $88.09 per barrel…
- Capital ExpendituresImportance 68 · Surprise 58Devon spent $2.157 billion on capital expenditures during the first six months of 2026, up from $1.890 billion in the prior-year period. The six-month program represented approximately 40% of operating cash flow and…
- Capital Expenditure GuidanceImportance 68 · Surprise 60Devon expects approximately $2.7 billion to $2.9 billion of capital expenditures during the remainder of 2026. Capital expenditures for the first six months of 2026 were $2.157 billion, representing approximately 40%…
- Capital Return ProgramImportance 64 · Surprise 42Following the Coterra merger, Devon authorized an $8.0 billion share-repurchase program expiring June 30, 2029. Devon repurchased approximately 6.3 million shares for $271 million during the first six months of 2026…
- Outstanding IndebtednessImportance 64 · Surprise 42Devon assumed approximately $3.5 billion of Coterra debt when the merger closed on May 7, 2026. During the second quarter, Devon repaid $250 million of its Term Loan and redeemed $250 million of 3.77% senior notes due…
- Headcount / RestructuringImportance 52 · Surprise 42Devon recorded $238 million of restructuring and transaction costs during the first six months of 2026, with the majority recognized in the second quarter. The charges primarily relate to employee costs and transaction…
- Regulatory RiskImportance 44 · Surprise 60The Canada Revenue Agency proposed several material adjustments to prior tax years related to Devon’s legacy Canadian business and is making formal assessments based on recent communications. Devon disagrees with the…
- Macroeconomic Factors ImpactImportance 32 · Surprise 24During the first six months of 2026, oil, gas and NGL prices experienced heightened volatility due to Middle East conflict, disruptions to global oil supply, uncertainty in global trade policy and OPEC+ production…
- Geographic Market CommentaryImportance 23 · Surprise 24Permian natural-gas realizations were pressured by expanded regional differentials and negative spot pricing at the Waha hub during the second quarter of 2026. Basis differentials began improving in June 2026,…
- Trade Policy and TariffsImportance 23 · Surprise 24Devon identified evolving U.S. trade policies and tariff actions as factors that may contribute to higher inflation and disrupt supply chains. The company stated that these effects could negatively impact operating…
- Supply Chain ConstraintsImportance 22 · Surprise 6Devon identified supply-chain disruptions as a potential constraint on its oil and gas operations and cash flow. The company said inflation and geopolitical developments could disrupt supplies of people, services,…
News · 2026-08-05
- Revenue Performance and MixImportance 96 · Surprise 100Second-quarter 2026 revenue increased 80.2% year over year to $7.42 billion, exceeding the $6.3 billion consensus estimate. The revenue increase reflected Devon’s merger with Coterra, stronger oil pricing and higher…
- Free Cash Flow and LiquidityImportance 83 · Surprise 82Devon generated $3.7 billion of operating cash flow in the second quarter of 2026. Adjusted free cash flow totaled approximately $1.7 billion, more than double the first-quarter amount. The company returned more than…
- Guidance / OutlookImportance 69 · Surprise 60Devon reaffirmed its full-year 2026 guidance following second-quarter results. Third-quarter 2026 production guidance was raised to 1.660 million–1.690 million barrels of oil equivalent per day, including oil…
- Capital Return ProgramImportance 60 · Surprise 74Devon increased its fixed quarterly dividend by 33% to $0.32 per share. The dividend is payable September 30, 2026, to shareholders of record on September 15, 2026. Devon also accelerated share repurchases under an $8…
- Upstream Production VolumeImportance 44 · Surprise 24Devon Energy reported second-quarter total production of 1,359,000 barrels of oil equivalent per day and oil production of 503,000 barrels per day. Delaware Basin wells were identified as the primary driver of the…
8-K · 2026-08-04
- Capital Return ProgramImportance 84 · Surprise 74Devon returned $1.063 billion during the second quarter through dividends, share repurchases and retirement of maturing debt. The board increased the quarterly fixed dividend by 33% to $0.32 per share, and the…
- Liquidity and Debt PositionImportance 84 · Surprise 50Devon 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…
- Acquisition / Partnership / DivestitureImportance 75 · Surprise 60Devon completed its merger with Coterra Energy on May 7, 2026, creating a combined large-cap operator. The company is conducting an asset-by-asset portfolio review focused on capital efficiency, free-cash-flow…
- Acquisitions and DivestituresImportance 71 · Surprise 60Devon acquired 16,300 net acres at the New Mexico federal lease sale for $2.6 billion. The acquisition added approximately 400 top-tier Delaware Basin locations with an 87.5% net revenue interest. Devon funded the…
- Capital Expenditures and Free Cash FlowImportance 49 · Surprise 32Devon invested $1.269 billion in capital during the second quarter, 2% below the guidance midpoint. The favorable variance resulted primarily from spending timing and effective cost management. Operations generated…
- Revenue Performance and MixImportance 36 · Surprise 6Second-quarter oil, gas and NGL sales totaled $5.1 billion. Realized prices, including commodity hedges, were $88.09 per barrel for oil, $22.70 per barrel for NGLs and $1.05 per Mcf for natural gas. Oil realizations…
- Capital Expenditure GuidanceImportance 33 · Surprise 24Devon kept its full-year 2026 guidance unchanged after the second quarter. Third-quarter 2026 capital spending is expected to be between $1.4 billion and $1.5 billion. Total production is forecast at 1.660 million to…
- Upstream Production VolumeImportance 32 · Surprise 24Second-quarter production averaged 1,359,000 Boe per day, while oil production averaged 503,000 barrels per day. Both total production and oil production reached the top end of company guidance. The outperformance was…
- Supply Chain ConstraintsImportance 20 · Surprise 24Natural gas realizations were depressed by regional Waha pricing in the Delaware Basin. Devon attributed the weakness to infrastructure constraints in the basin, indicating that limited midstream capacity is affecting…
- Headcount / RestructuringImportance 15 · Surprise 42Devon recorded $174 million of after-tax restructuring costs during the second quarter. The restructuring costs were excluded from adjusted free cash flow and adjusted operating cash flow. The release did not disclose…
- Manufacturing and CapacityImportance 10 · Surprise 6Devon operated an average of 34 drilling rigs and 10 completion crews during the second quarter. This activity placed 120 net operated wells online, with average lateral lengths of 10,800 feet. The operating program…
News · 2026-08-04
- Revenue Performance and MixImportance 96 · Surprise 100Second-quarter 2026 revenue increased 80.2% year over year to $7.42 billion, exceeding the $6.3 billion consensus estimate. The revenue increase reflected Devon’s merger with Coterra, stronger oil pricing and higher…
- Free Cash Flow and LiquidityImportance 83 · Surprise 82Devon generated $3.7 billion of operating cash flow in the second quarter of 2026. Adjusted free cash flow totaled approximately $1.7 billion, more than double the first-quarter amount. The company returned more than…
- Acquisition / Partnership / DivestitureImportance 71 · Surprise 60Devon Energy completed its merger with Coterra Energy, materially increasing production and broadening its U.S. oil and gas portfolio. Devon also acquired approximately 16,300 net acres in New Mexico’s Delaware Basin…
- Guidance / OutlookImportance 69 · Surprise 60Devon reaffirmed its full-year 2026 guidance following second-quarter results. Third-quarter 2026 production guidance was raised to 1.660 million–1.690 million barrels of oil equivalent per day, including oil…
- Capital Return ProgramImportance 60 · Surprise 74Devon increased its fixed quarterly dividend by 33% to $0.32 per share. The dividend is payable September 30, 2026, to shareholders of record on September 15, 2026. Devon also accelerated share repurchases under an $8…
- AI Geoscience TechnologyImportance 31 · Surprise 42Devon Energy and HXMX will present joint research using an automated interpretation platform on a large Williston Basin dataset. The platform reportedly picked formation tops with reliability comparable to expert…