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.
DEVON ENERGY CORP/DE is 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
$1.43
Revenue Estimate
$7.36B
Analyst consensus from Finnhub and Financial Modeling Prep. Actual results posted within minutes of the SEC filing on the DVN page.
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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