Devon Energy Q2 net earnings rise to $1.9 billion, or $2.03 per diluted share
Devon Energy reported second-quarter 2026 net earnings of $1.9 billion, or $2.03 per diluted share, up from $917 million, or $1.41 per diluted share, in the second quarter of 2025, after closing its merger with Coterra Energy on May 7. The company kept its full-year 2026 guidance unchanged and raised its quarterly dividend 33% to $0.32 per share, though the quarter also included $174 million of after-tax restructuring costs.
Key points
- Net earnings of $1.9 billion, or $2.03 per diluted share, versus $917 million, or $1.41 per diluted share, in Q2 2025
- Core earnings of $1.5 billion, or $1.57 per diluted share; total revenues of $7.4 billion versus $4.3 billion a year earlier
- Third-quarter 2026 production guidance of 1,660,000 to 1,690,000 Boe per day; full-year 2026 guidance unchanged from June
- Quarterly dividend raised 33% to $0.32 per share, payable Sep. 30, 2026 to holders of record on Sep. 15, 2026
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 August 04, 2026.
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.