DVN · News · 20260804N
Revenue Performance and Mix
DEVON ENERGY CORP/DE · 2026-08-04 · Importance 96 · Surprise 100 · No source text
Second-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 production. Oil, gas and NGL sales totaled $5.1 billion during the quarter. Total production reached 1,359,000 Boe per day, while oil production reached 503,000 barrels per day.
Key facts
- Devon's net income more than doubled to $1.91 billion in the second quarter of 2026 following its merger with Coterra Energy. source
- Devon reported sales of $7.42 billion in Q2 CY2026, up 80.2% year-on-year. source
- Devon reported Q2 earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.3 and compared with $0.84 a year ago. source
- Devon reported Q2 2026 net profit of $1.9 billion, or $2.03 per diluted share. source
- Devon reported $5.1 billion in oil, gas, and NGL sales in Q2 2026. source
- Devon reported non-GAAP profit (adjusted EPS) of $1.57 per share for Q2 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +44.5% | Devon reported sales of $7.42 billion in Q2 CY2026, up 80.2% year-on-year. |
| net_income | positive | realized | — | Devon reported Q2 2026 net profit of $1.9 billion, or $2.03 per diluted share. |