Devon Energy plans a release of its second quarter earnings report next month, its first to include the combination of its February-announced merger with Coterra Energy.
The Oklahoma City energy firm, now with headquarters in Houston, Texas but major operations yet in Oklahoma, said the results will be released on Tuesday, August 4 after the close of U.S. financial markets.
They will also be available on the company’s website at www.devonenergy.com.
On Wednesday, August 5, the company will hold a conference call at 10 a.m. CDT (11 a.m. EDT), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon’s website at www.devonenergy.com. A replay will be available on the website following the call.
Shareholders approved the merger on May 4, 2026 with Devon shareholders owning about 54% of the combined company and Coterra shareholders owning 46% on a fully diluted basis. In May, Devon announced first quarter earnings that did not include the results of the Coterra merger and totaled $120 million or 19 cents per diluted share on net earnings of $120 million. Adjusted earnings showed the company’s core earnings were $641 million or $1.04 per diluted share. Its operating cash flow was $1.7 billion.
Devon said that at the end of the first quarter, it had a cash balance of $1.8 billion and an undrawn credit facility of $3 billion. Its debt, prior to the merger, was $8.4 billion.
Devon Energy is considered a leading oil and gas producer in the U.S. with a premier multi-basin portfolio anchored by our world-class position in the Delaware Basin, as well as high-quality assets in the Anadarko Basin, Eagle Ford Shale, Marcellus Shale, Powder River Basin and Williston Basin.
