Devon Energy sells Eagle Ford assets and Devon Energy stock costs EUR 43.45
Published on 10/12/2026 at 12:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Devon Energy agreed on October 8, 2026 to sell Eagle Ford assets to Crescent Energy for USD 4.20 billion.
- The assets cover 90,000 net acres and represent 4.00 percent of Devon Energy's total production.
- Devon Energy stock stood at EUR 43.45 at Lang & Schwarz on October 12, 2026 at 12:33 p.m. CEST.
- Third-quarter 2026 results are scheduled for November 5, 2026, followed by a conference call on November 6, 2026.
Devon Energy (ISIN US25179M1036) agreed to sell its Eagle Ford assets to Crescent Energy for USD 4.20 billion on October 8, 2026, while Devon Energy stock stood at EUR 43.45 at Lang & Schwarz on October 12, 2026 at 12:33 p.m. CEST. GlobeNewswire reported that the transaction is expected to close around year-end 2026, subject to approvals.
Three dates shape Devon's plan
On August 4, 2026, Devon Energy reported second-quarter revenue of USD 7.42 billion, up 73.10 percent from the prior-year quarter, according to MarketBeat. On October 7, 2026, the company scheduled third-quarter results for November 5, 2026, with a conference call on November 6, 2026, per GlobeNewswire. The October 8 asset sale is the latest of the three events.
What does the sale change?
The Eagle Ford package covers 90,000 net acres in Texas and represents 4.00 percent of Devon Energy's total production, according to GlobeNewswire. Devon said the after-tax proceeds are intended to accelerate share repurchases and reduce debt, connecting the USD 4.20 billion consideration with capital allocation rather than production growth.
The transaction also sharpens the portfolio around higher-return assets. That matters because Devon's second-quarter revenue increase came alongside a larger production base after the Coterra combination, while the Eagle Ford disposal removes a mature area from the portfolio.
Results date sets the next test
GlobeNewswire states that Devon Energy will publish third-quarter 2026 results on November 5, 2026, after the U.S. market close, and hold its conference call on November 6, 2026. The report will give investors the first detailed test of the combined production base after the asset sale announcement.
Devon Energy's NYSE-listed shares were last shown at USD 48.26 on October 9, 2026 at 4:00 p.m. EDT, with a 52-week range of USD 31.47 to USD 52.71 and market capitalization of USD 53.1 billion. The euro reference price was EUR 43.45 at Lang & Schwarz on October 12, 2026 at 12:33 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Devon Energy stock.
Devon Energy market data
- Company: Devon Energy Corporation
- ISIN: US25179M1036
- Ticker: DVN
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 12, 2026, 12:33 p.m. CEST): EUR 43.45
- Market capitalization: USD 53.1 billion (as of October 9, 2026)
- 52-week range: USD 31.47-52.71 (as of October 9, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Index membership: S&P 500
- Next earnings date: November 5, 2026
Market context: Market report S&P 500.
