Devon Energy reported third-quarter 2026 net earnings of $1.0 billion, or $0.88 per diluted share, driven by oil, gas, and NGL sales totaling $5.9 billion. The company generated $2.8 billion in operating cash flow and $2.0 billion in adjusted free cash flow while retiring the remaining $750 million term loan. Devon reaffirmed full-year 2026 guidance and provided an initial 2027 outlook expecting oil production growth of 1-3% on approximately $5.3 billion of capital, pro forma for the pending $4.2 billion Eagle Ford divestiture expected to close in early 2027. The board declared a fixed quarterly cash dividend of $0.32 per share for the fourth quarter, payable December 30, 2026, and announced plans to accelerate share repurchases to over $1 billion in Q4. Devon Energy is a leading U.S. oil and gas producer with a diversified multi-basin portfolio.
