Devon Energy (DVN) Misses Q1 EPS by 5c, Offers Outlook

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Devon Energy Reports First-Quarter 2015 Results

May 5, 2015 4:15 PM EDT

Exceeded production guidance for third consecutive quarter Achieved Company record 272,000 barrels of oil per day Reduced operating costs 9 percent year over year Completed accretive EnLink transactions Increased 2015 oil production growth outlook to a range of 25 to 35 percent Reduced 2015 capital spending 6 percent

OKLAHOMA CITY--(BUSINESS WIRE)-- Devon Energy Corp. (NYSE: DVN) today announced core earnings of $89 million, or $0.22 per diluted share, for the first quarter of 2015. The Companys total... More