Devon Energy (DVN) Tops Q3 EPS by 5c, Miss on Revenues

Devon Energy (NYSE: DVN) reported Q3 EPS of $0.43, $0.05 better than the analyst estimate of $0.38. Revenue for the quarter came in at $3.16 billion versus the consensus estimate of $3.18 billion.

Highlights

• Production exceeds midpoint of hurricane-adjusted guidance
• 50 high-rate wells brought online with average rates exceeding 2,100 Boe per day
• Capital expenditures were 12 percent below guidance year to date
• Divestiture program reaches $420 million of asset sales
• Free cash flow increases cash balance to $2.8 billion

For earnings history and earnings-related data on Devon Energy (DVN) click here.

You May Also Be Interested In

• MFA Financial (MFA) Misses Q3 EPS by 2c
• SharkNinja (SN) Tops Q3 EPS by 74c; Offers Guidance
• Southwest Gas (SWX) Tops Q3 EPS by 2c; Offers Guidance