Devon Energy (DVN) Tops Q3 EPS by 10c, Raises Production Outlook

Devon Energy (NYSE: DVN) reported Q3 EPS of $1.34, $0.10 better than the analyst estimate of $1.24.

Devon Raises Full-Year Production Outlook

Detailed forward-looking guidance for the fourth quarter of 2014 is provided later in the release. Based on year-to-date results and Devon’s fourth-quarter outlook, most operating and financial metrics remain relatively unchanged compared to previous full-year guidance disclosures. A notable update is the company raising the midpoint of its 2014 production outlook from retained assets by 3 percent to approximately 617,000 Boe per day. This incremental production growth is expected to be delivered without additional capital spending.

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

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