Devon Energy stock gains 1.79 percent as Q2 revenue jumps
Published on 09/24/2026 at 22:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Devon Energy stock gained 1.79 percent to USD 48.90 on the NYSE at 4:00 p.m. ET on September 24, 2026, while second-quarter revenue reached USD 7.41 billion. The result gives the oil and gas producer a clear earnings anchor after its Coterra combination.
Revenue clears consensus by 17.81 percent
According to Zacks, Devon Energy reported adjusted Q2 2026 EPS of USD 1.57, beating the USD 1.30 consensus estimate by 20.77 percent.
The same Q2 2026 report put GAAP EPS at USD 2.03, up 44 percent from USD 1.41 a year earlier. Revenue rose 73.1 percent year over year to USD 7.41 billion, exceeding the USD 6.29 billion consensus estimate by 17.81 percent, according to Zacks.
Merger lifts production to 1,359 MBoe per day
The operating scale changed materially in Q2 2026. Total production reached 1,359 thousand barrels of oil equivalent per day, 61.6 percent above the year-ago level of 841 thousand barrels, as Devon integrated part of the Coterra business.
Zacks reported that Devon completed the Coterra merger on May 7, 2026, with Q2 figures including combined operations for part of the period. Management is targeting at least USD 1 billion in annual pretax merger synergies on a run-rate basis by the end of 2027.
Stock stays below its 52-week high
At USD 48.90 on September 24, 2026, Devon Energy stock was 7.23 percent below its 52-week high of USD 52.71 and 55.39 percent above its 52-week low of USD 31.47. The comparison places the share near the upper part of its yearly range without a new price record.
The market capitalization stood at USD 53.79 billion on September 24, 2026. For investors, the key tension is visible in the numbers: earnings and production expanded sharply, while the stock still traded below its annual high.
Devon Energy market snapshot
- Company: Devon Energy Corporation
- Ticker: DVN
- Trading venue: NYSE
- Price as of September 24, 2026, 4:00 p.m. ET: USD 48.90
- Market capitalization: USD 53.79 billion as of September 24, 2026
- 52-week range: USD 31.47-52.71 as of September 24, 2026
- Sector / Industry: Energy / Oil and gas exploration and production
