US · Energy · Oil & Gas E&P
EPS came in at 1.57 against a street estimate of 1.30 — a beat of 20.8%.
Analysts rate Devon Energy Corporation a buy (19 buy, 8 hold, 0 sell out of 27) with an average price target of $59.86.
CONFIDENT Devon closed Coterra merger in 94 days, delivered $1.7B adjusted free cash flow in Q2, beat guidance across all metrics. Pursuing $1B synergies and portfolio optimization; raised dividend 33%, executing $8B buyback. Q2 2026 Permian-anchored strategy. Federal lease sale adds 400 locations in Delaware. Other basins included in portfolio rationalization. Analysts probed asset sale criteria, federal lease rationale, and synergy credibility. Management emphasized value-creation framework over asset specifics, defended lease economics vs. private deals, and committed to conservative $1B target with disclosed upside optionality. 2026-08-05…
Full summary in the app.
| Fund | Stake |
|---|---|
| BlackRock Inc | 5.50% |
| Wellington Management Company LLP | 4.68% |
| Vanguard Capital Management, LLC | 3.67% |
| State Street Corp | 3.51% |
| Vanguard Portfolio Management, LLC | 3.12% |
| Davis Selected Advisers | 2.30% |
| Charles Schwab Investment Management Inc | 1.74% |
| Amvescap Plc. | 1.72% |
| Document | Date |
|---|---|
| Board / officer change · Q3 2026 DEVON ENERGY CORPORATION - 8-K SUMMARY HEADLINE NUMBERS • CEO Clay M. Gaspar base salary increased to $1,500,000 annualized, effective retroactively | 2026-08-27 |
| Board / officer change · Q3 2026 DEVON ENERGY CORPORATION – 8-K SUMMARY BUSINESS & SEGMENT HIGHLIGHTS • Executive leadership restructuring effective August 20, 2026: Devon reorganiz | 2026-08-20 |
| Quarterly report · Q2 2026 DEVON ENERGY CORPORATION – 10-Q SUMMARY FOR RETAIL INVESTORS HEADLINE NUMBERS • Net earnings (Q2 2026): $1,911 million ($2.03 diluted EPS) vs. $899 | 2026-08-05 |
| Results announced · Q3 2026 DEVON ENERGY SECOND-QUARTER 2026 SUMMARY HEADLINE NUMBERS • Q2 2026 net earnings: $1,911 million ($2.03 diluted EPS), compared to Q2 2025 net earnin | 2026-08-04 |
| Shareholder vote results · Q2 2026 DEVON ENERGY CORPORATION – 8-K SUMMARY HEADLINE NUMBERS • Annual Meeting held June 30, 2026 • 1,153,403,107 shares outstanding as of record date (Ma | 2026-06-30 |
| Proxy statement · Q2 2026 DEVON ENERGY CORPORATION — 2026 PROXY SUMMARY WHAT SHAREHOLDERS ARE VOTING ON • Item 1: Election of Directors — Vote FOR each of 11 director nominee | 2026-05-28 |
| Quarterly report · Q1 2026 DEVON ENERGY CORPORATION — Q1 2026 10-Q SUMMARY HEADLINE NUMBERS • Q1 2026 net earnings: $120 million (down 76% from $494 million in Q1 2025) • Dilu | 2026-05-06 |
| Annual report FY2025 DEVON ENERGY CORPORATION – 10-K SUMMARY FOR RETAIL INVESTORS HEADLINE NUMBERS • Company: Devon Energy Corporation (NYSE: DVN), independent oil and g | 2026-02-18 |
Readable in the app.
| Action | Detail | Date |
|---|---|---|
| Dividend | $0.32 / share ex-date Sep 15, 2026 · pay Sep 30, 2026 | 2026-09-15 |
| Dividend | $0.32 / share ex-date Jun 15, 2026 · pay Jun 30, 2026 | 2026-06-15 |
| Dividend | $0.24 / share ex-date Mar 13, 2026 · pay Mar 31, 2026 | 2026-03-13 |
| Dividend | $0.24 / share ex-date Dec 15, 2025 · pay Dec 30, 2025 | 2025-12-15 |
| Dividend | $0.24 / share ex-date Sep 15, 2025 · pay Sep 30, 2025 | 2025-09-15 |
| Announcement | Date |
|---|---|
| Pro forma financial statements filed for completed merger transaction Devon Energy Corporation filed an 8-K disclosing pro forma financial statements related to a merger. The pro forma balance sheet assumes the merger was completed on March 31, 2026, while pro | 2026-05-22 |
| Completed acquisition of 16,300 net undeveloped acres in Delaware Basin Devon Energy completed a major acquisition on May 20, 2026, purchasing 16,300 net undeveloped acres in the Delaware Basin (Lea and Eddy Counties, New Mexico) from the Bureau of Land Manageme | 2026-05-21 |
| Merger with Coterra Energy completed; pro forma financial statements filed Devon Energy Corporation completed its merger with Coterra Energy Inc. on May 7, 2026. The merger was structured as a 'merger of equals,' meaning the two companies combined as peers rather t | 2026-05-07 |
| Stockholders approve issuance of shares for strategic transaction Devon Energy Corporation held a special shareholder meeting on May 4, 2026, to vote on acquiring Coterra Energy Inc. through a stock-for-stock merger. Two proposals were overwhelmingly appro | 2026-05-05 |
| Company merges with Coterra Energy Inc. subsidiary transaction Devon Energy announced it is proceeding with its merger with Coterra Energy, originally announced February 1, 2026. The merger was approved by the SEC on March 26, 2026, with stockholder vot | 2026-04-24 |
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Google PlayApp StoreData updated 2026-09-18.