Revenue Surge Driven by Merger
Revenue increased 73.1% YoY to $7,417 million, fueled by higher production and commodity prices following the Coterra merger.
At the archive date, DEVON ENERGY CORP/DE was expected to release its Q3 2026 10-Q filing on November 3, 2026, after market close. Last quarter: Devon Energy’s Q2 FY2026 revenue surged 73% YoY to $7.4B following its Coterra merger, but integration costs and high capex led to negative free cash flow.
EPS Estimate
$1.28
Revenue Estimate
$7.01B
Analyst consensus captured from Finnhub and Financial Modeling Prep. This archived preview is no longer updated with later results; see the DVN page for retained reports.
Drawn from management commentary in the Q2 2026 10-Q:
Revenue increased 73.1% YoY to $7,417 million, fueled by higher production and commodity prices following the Coterra merger.
Restructuring and transaction costs of $246 million were incurred, primarily related to the merger integration.
Operating cash flow grew 137.8% to $3,674 million, but capital expenditures and acquisitions of $4,047 million led to negative free cash flow of $373 million.
Revenue
$7.42B
+73.13% YoY
EPS (Diluted)
$2.03
+43.97% YoY
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