Devon Energy Provides Updated 2026 Outlook

About this update from Devon Energy Corporation

HOUSTON, June 09, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today provided an updated outlook for the combined company following the recent completion of its transformative merger with Coterra Energy. Supplemental guidance tables for the combined entity are included below and a presentation is available on the company’s website at www.devonenergy.com. KEY HIGHLIGHTS CEO COMMENTARY "We are excited to share our initial outlook for the combined company," said Clay Gaspar, president and CEO. "We are carrying a sense of urgency into all aspects of our business, including integration, execution, and our portfolio review. Today’s guidance underscores the strength of our newly combined platform as one of the largest and most efficient E&P companies. Optimizing our portfolio remains a top priority, and a complete review of our strategic and financial criteria is well underway. We are confident in our ability to translate the power of this combination into durable free cash flow growth and improved shareholder returns." ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com. NON-GAAP DISCLOSURES This press release includes non-GAAP (generally accepted accounting principles) financial measures. Such non-GAAP measures are not alternatives to GAAP measures, and you should not consider these non-GAAP measures in isolation or as a substitute for analysis of results as reported under GAAP. Reconciliations of these non-GAAP measures and other disclosures are provided within the supplemental financial tables that are available on the company’s website and in the related Form 10-Q filed with the Securities and Exchange Commission (the “SEC”). FORWARD-LOOKING STATEMENTS This press release includes “forward-looking statements” within the meaning of the federal securities laws. Such statements include those concerning strategic plans, our expectations and objectives for future operations, as well as other future events or conditions, and are often identified ...

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