Devon Energy Q3 profit falls to $687 million, or $1.09 a share; output tops guidance
Devon Energy reported third-quarter 2025 net earnings of $687 million, or $1.09 per diluted share, down from $899 million in the second quarter and $812 million a year earlier, while total revenues rose to $4.3 billion. Production of 853,000 barrels of oil equivalent per day exceeded the top end of guidance, and the company gave fourth-quarter and 2026 production and capital outlooks, with 2026 capital projected at $3.5 billion to $3.7 billion.
Key points
- Net earnings were $687 million, or $1.09 per diluted share; core earnings were $656 million, or $1.04 per diluted share.
- Operating cash flow was $1.7 billion and free cash flow was $820 million.
- Production averaged 853,000 Boe per day, above the top end of guidance; 2026 production is projected at 835,000 to 855,000 Boe per day.
- The company declared a quarterly dividend of $0.24 per share, payable Dec. 30, 2025, and repurchased $250 million of shares in the quarter.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.