Devon Energy (DVN) Tops Q2 EPS by 13c

Devon Energy (NYSE: DVN) reported Q2 EPS of $1.88, $0.13 better than the analyst estimate of $1.75. Revenue for the quarter came in at $3.81 billion versus the consensus estimate of $3.81 billion.

2022 OUTLOOK:

Devon remains committed to a disciplined maintenance capital program and is on track to meet the strategic objectives that underpin its operating plan in 2022. The company has not made any modifications to its previously announced plan to sustain production in the range of 570,000 to 600,000 Boe per day, with an upstream capital investment of $1.9 billion to $2.2 billion.

For earnings history and earnings-related data on Devon Energy (DVN) click here.

You May Also Be Interested In

• Morgan Stanley upgrades CDW on stronger AI-driven server demand
• Deutsche Bank Starts Tandem Diabetes Care (TNDM) at Hold
• Piper Sandler on Fervo Energy (FRVO): 'Capital Access Supports Potential Upside'