DVN · News · 20260804N

Guidance / Outlook

DEVON ENERGY CORP/DE · 2026-08-04 · Importance 69 · Surprise 60

Devon 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 production of 550,000–560,000 barrels per day. The company also provided positive expectations for third-quarter capital spending and reported that second-quarter oil and total production reached the high end of guidance. The outlook reflects contributions from the Coterra merger and strong Delaware Basin well performance.

Key facts

• Devon reaffirmed its full-year 2026 guidance and provided positive projections for Q3 including increased production targets and capital spending, and said it generated $1.7 billion in adjusted free cash flow despite restructuring costs. source
• Devon Energy announced its financial and operational results for the second quarter of 2026 and its third-quarter 2026 outlook, and scheduled a conference call for analysts and investors on August 5, 2026. source