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Devon Energy — Third Quarter 2026 Earnings Summary

Devon Energy reported third-quarter 2026 net earnings of $1.0 billion and generated $2.8 billion in operating cash flow. The company agreed to sell its Eagle Ford assets for $4.2 billion in cash, with closing expected in early 2027, while accelerating share repurchases to exceed $1 billion in the fourth quarter. Devon raised its expected year-end 2026 synergy run rate to approximately $350 million and provided an initial 2027 outlook projecting oil production growth of 1-3% on a pro forma basis. Additionally, the firm acquired a 25% interest in the Solitude Pipeline System to connect Permian natural gas to Gulf Coast and LNG-linked pricing.

Company
DEVON ENERGY CORP
Sector
Energy
Industry
Oil & Gas E&P