Devon Energy 3Q Profit Falls but Revenue, Production Climb

Dow Jones
11/06
 

By Freddy Sebastian

Devon Energy posted lower third-quarter profit but revenue rose as production climbed.

The oil and natural gas company reported $687 million in net income, or $1.09 a share, down from $899 million, or $1.41 a share, a year earlier.

Adjusted earnings were $1.04 a share. Analysts were expecting 93 cents, according to FactSet.

Devon Energy posted $4.33 billion in revenue, up from $4.28 billion the year prior. Analysts were expecting revenue of $4.14 billion.

Shares ticked up 1.1% to $32.70 in afterhours trading.

Production averaged 853,000 barrels of oil equivalent per day, up from 841,000 the year prior, and exceeding the top end of the company's guidance. Production gains were fueled by better-than-expected well performance primarily in the Rockies and Eagle Ford

For the fourth quarter, the company expects production to range from 828,000 to 844,000 barrels of oil equivalent per day, with oil production expected to range from 383,000 to 388,000 barrels per day.

In 2026, the company aims to maintain total production at about 835,000 to 855,000 barrels of oil equivalent per day, including about 388,000 barrels of oil per day.

Devon Energy anticipates capital requirements to decrease by $100 million from 2025 levels at between $3.5 billion to $3.7 billion.

Write to Freddy Sebastian at freddy.sebastian@wsj.com

 

(END) Dow Jones Newswires

November 05, 2025 17:53 ET (22:53 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10