8-KItem 2.02 · Results of OperationsItem 9.01 · Financial Statements
Devon Energy reports $1.9 billion profit as Coterra merger boosts production
Filed with the SEC on · Summarized by InvestorsBot
Devon Energy reported second-quarter 2026 net earnings of $1.9 billion, or $2.03 per diluted share, on $7.4 billion of revenue, with adjusted free cash flow of $1.7 billion and oil production of 503,000 barrels per day. The company completed its merger with Coterra Energy on May 7, invested $1.3 billion in capital, returned $1.1 billion to shareholders through dividends, repurchases and debt repayment, and acquired $2.6 billion of Delaware Basin acreage; full-year guidance was unchanged, while third-quarter production is expected at 1.66 million to 1.69 million Boe per day.