DVN · 8-K · 20260804PR332824

Revenue Performance and Mix

DEVON ENERGY CORP/DE · 2026-08-04 · Importance 36 · Surprise 6 · In source text

Second-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 benefited from strong crude benchmark pricing, while natural gas realizations were depressed by regional Waha pricing. Waha pricing was affected by infrastructure constraints in the Delaware Basin.

Key facts

• Reported net earnings of $1.9 billion, or $2.03 per diluted share, in the second quarter of 2026. source
• Core earnings were $1.5 billion, or $1.57 per diluted share, in the second quarter of 2026. source
• Oil, gas and NGL sales totaled $5.1 billion for the second quarter. source
• Realized price during the period, including commodity hedges, was $88.09 per barrel of oil. source
• Realized price during the period, including commodity hedges, was $22.70 per barrel of NGL. source
• Realized price during the period, including commodity hedges, was $1.05 per Mcf of natural gas. source
• Production costs, including production and property taxes, averaged $11.27 per Boe in the second quarter. source
• Lease operating expense totaled $5.06 per Boe in the quarter. source

Impact estimates