DVN · 8-K · 20260804PR332824
Capital Expenditures and Free Cash Flow
DEVON ENERGY CORP/DE · 2026-08-04 · Importance 49 · Surprise 32 · In source text
Devon 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 $3.7 billion of GAAP operating cash flow and $2.9 billion of adjusted operating cash flow. Adjusted free cash flow was $1.7 billion, excluding $174 million of after-tax restructuring costs.
Key facts
- Adjusted free cash flow was $1.7 billion in the second quarter, excluding the impact of after-tax restructuring costs. source
- Invested $1,269 million of capital in the second quarter. source
- Operations generated $3.7 billion of operating cash flow (GAAP) in the second quarter. source
- Adjusted operating cash flow was $2.9 billion in the second quarter. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | — | Adjusted free cash flow was $1.7 billion in the second quarter, excluding the impact of after-tax restructuring costs. |
| cash | positive | realized | — | Operations generated $3.7 billion of operating cash flow (GAAP) in the second quarter. |
| cash | positive | realized | — | Adjusted operating cash flow was $2.9 billion in the second quarter. |