US · Energy · Oil & Gas E&P
EPS came in at 1.42 against a street estimate of 1.24 — a beat of 14.5%.
Analysts rate Devon Energy Corporation a strong buy (27 buy, 1 hold, 0 sell out of 28) with an average price target of $61.69.
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 | 8.67% |
| Vanguard Capital Management, LLC | 6.85% |
| State Street Corp | 6.65% |
| Vanguard Portfolio Management, LLC | 5.21% |
| Wellington Management Company LLP | 4.68% |
| Charles Schwab Investment Management Inc | 3.48% |
| Geode Capital Management, LLC | 2.77% |
| Davis Selected Advisers | 2.30% |
| Document | Date |
|---|---|
| Results announced · Q4 2026 HEADLINE NUMBERS • Q3 2026 total revenue was $6,860 million, down from $7,417 million in Q2 2026 but up from $4,331 million in Q3 2025. • Net earnin | 2026-11-05 |
| Reg FD disclosure · Q4 2026 HEADLINE NUMBERS • Devon Energy agreed to sell certain oil and gas assets in the Eagle Ford in South Texas for $4.2 billion in cash, subject to purch | 2026-10-08 |
| 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 |
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 |
| Announcement | Date |
|---|---|
| Sale of Eagle Ford oil and gas assets for $4.2 billion in cash Devon Energy agreed to sell certain oil and gas assets in South Texas’s Eagle Ford region to Crescent Energy for $4.2 billion in cash, subject to customary purchase-price adjustments. The de | 2026-10-08 |
| 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 |
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Open in the appGoogle PlayApp StoreData updated 2026-11-07.