Devon Energy Reports Third-Quarter Results, Sets 2027 Outlook
Devon generated $2.0 billion in adjusted free cash flow in the third quarter, with production within its guidance range. Its initial 2027 outlook targets approximately 1.6 million Boe/d and roughly $5.3 billion in capital expenditures, pro forma for the previously announced Eagle Ford asset sale.
Devon Energy Corporation reported its financial and operational performance for the third quarter of 2026. Alongside the results, the company published a letter to shareholders from President and CEO Clay Gaspar and provided a fourth-quarter 2026 outlook as well as an initial view of 2027. The company generated $2.0 billion in adjusted free cash flow during the third quarter, with production levels reported within its guidance range. The initial 2027 outlook targets approximately 1.6 million Boe/d with capital expenditures of roughly $5.3 billion, pro forma for the company's previously announced Eagle Ford asset sale.
A conference call to discuss these results with analysts and investors is scheduled for November 6, 2026.