Devon Energy reports Q3 2026 adjusted free cash flow of $2 billion
DVN•Devon Energy generated $2 billion in adjusted free cash flow in Q3 2026 at a 43% reinvestment rate. It reported oil production of 553,000 barrels per day, agreed to sell its Eagle Ford assets for $4.2 billion, and set an initial 2027 production outlook of about 525,000 barrels per day with around $5.3 billion in capital spending.
1. Quarterly results and outlook
Devon Energy generated $2 billion in adjusted free cash flow in Q3 2026 at a 43% reinvestment rate. Oil production reached 553,000 barrels per day, within guidance.
2. Asset sale and 2027 plans
The company will sell its Eagle Ford assets for $4.2 billion, with closing expected in early 2027. Its initial 2027 outlook targets approximately 525,000 barrels of oil per day and around $5.3 billion in capital spending.
