HighGravityDataCurrent guidance
14 items
Devon Energy
Guidance from Devon Energy’s last 8 earnings releases. Every value links to its sentence in the filing. See something wrong? Tell us.
Releases tracked
8
Latest release
Aug 4, 2026
Data checked
Aug 4, 2026
What changed in the Aug 4, 2026 release
Each item compared with the same item in the previous release (May 5, 2026). Values in quotation marks are the company’s words.
New — first stated in this releaseRaised / Lowered / Narrowed / Widened — changed from the prior releaseRevised — wording changed, direction not determinableChanged — value changed; the comparison couldn’t be parsed to a directionReiterated — restated unchangedNot restated — stated before, absent nowRaised and lowered describe the number, not whether the change is favorable.
| Change | Metric | Period | Previous | Now | Source |
|---|---|---|---|---|---|
| New | Annual pre-tax synergies on a run-rate basis | for FY2027 | — | “at least $1.0 billion” | Filing ↗ |
| New | Synergies | for FY2027 | — | “approximately $600 million” | Filing ↗ |
| New | Synergies expected to be captured | for FY2027 | — | “approximately $600 million” | Filing ↗ |
| New | Capital spending | for Q3 FY2026 | — | “between $1,400 million and $1,500 million” | Filing ↗ |
| New | Capital spending | for Q3 FY2026 | — | “between $1,400 million and $1,500 million” | Filing ↗ |
| New | Oil production | for Q3 FY2026 | — | “between 550,000 and 560,000 barrels per day” | Filing ↗ |
| New | Total production | for Q3 FY2026 | — | “between 1,660,000 and 1,690,000 Boe per day” | Filing ↗ |
Show 5 items not restated in this release
| Change | Metric | Period | Previous | Now | Source |
|---|---|---|---|---|---|
| Not restated | Annual pre-tax free cash flow target | for FY2026 | “$1 billion in annual pre-tax free cash flow” | — | Filing ↗ |
| Not restated | Business optimization target | for FY2026 | “$1 billion” | — | Filing ↗ |
| Not restated | Oil production | for FY2026 | “about 388,000 barrels of oil per day” | — | Filing ↗ |
| Not restated | Total production | for FY2026 | “approximately 835,000 to 855,000 Boe per day” | — | Filing ↗ |
| Not restated | Gross operated wells | No period stated | “around 90” | — | Filing ↗ |
Current guidance
Guidance for periods that have not yet ended, at its most recent value, grouped by horizon.
Current fiscal year
| Metric | Current value | Period | Measure | First stated | Times stated | Source |
|---|---|---|---|---|---|---|
| Annual pre-tax free cash flow target | “$1 billion in annual pre-tax free cash flow” | for FY2026 | Company-defined | Aug 5, 2025 | 1 | Filing ↗ |
| Business optimization target | “$1 billion” | for FY2026 | Company-defined | Feb 17, 2026 | 1 | Filing ↗ |
| Capital requirements | “$3.5 billion to $3.7 billion” | for FY2026 | Company-defined | Nov 5, 2025 | 1 | Filing ↗ |
| Capital spending | “between $1,400 million and $1,500 million” | for Q3 FY2026 | Company-defined | Aug 4, 2026 | 1 | Filing ↗ |
| Capital spending | “between $1,400 million and $1,500 million” | for Q3 FY2026 | Company-defined | Aug 4, 2026 | 1 | Filing ↗ |
| Fixed quarterly cash dividend | “$0.32 per share” | for Q3 FY2026 | Declared action | Aug 4, 2026 | 1 | Filing ↗ |
| Oil production | “between 550,000 and 560,000 barrels per day” | for Q3 FY2026 | Company-defined | Aug 4, 2026 | 1 | Filing ↗ |
| Oil production | “about 388,000 barrels of oil per day” | for FY2026 | Company-defined | Nov 5, 2025 | 1 | Filing ↗ |
| Quarterly cash dividend | “$0.32 per share” | for Q3 FY2026 | Declared action | Aug 4, 2026 | 1 | Filing ↗ |
| Total production | “between 1,660,000 and 1,690,000 Boe per day” | for Q3 FY2026 | Company-defined | Aug 4, 2026 | 1 | Filing ↗ |
| Total production | “approximately 835,000 to 855,000 Boe per day” | for FY2026 | Company-defined | Nov 5, 2025 | 1 | Filing ↗ |
Next year and medium term
| Metric | Current value | Period | Measure | First stated | Times stated | Source |
|---|---|---|---|---|---|---|
| Remaining share repurchase authorization capacity | “$7.8 billion” | for FY2029 | Declared action | Aug 4, 2026 | 1 | Filing ↗ |
| Annual pre-tax synergies on a run-rate basis | “at least $1.0 billion” | for FY2027 | Company-defined | Aug 4, 2026 | 1 | Filing ↗ |
| Coterra merger sustainable annual pre-tax synergies | “$1.0 billion” | for FY2027 | Company-defined | May 5, 2026 | 1 | Filing ↗ |
| Pre-tax synergies | “$1.0 billion in sustainable annual pre-tax synergies” | for FY2027 | Company-defined | May 5, 2026 | 1 | Filing ↗ |
| Synergies | “approximately $600 million” | for FY2027 | Company-defined | Aug 4, 2026 | 1 | Filing ↗ |
| Synergies expected to be captured | “approximately $600 million” | for FY2027 | Company-defined | Aug 4, 2026 | 1 | Filing ↗ |
No period stated
| Metric | Current value | Period | Measure | First stated | Times stated | Source |
|---|---|---|---|---|---|---|
| New share repurchase authorization | “in excess of $5 billion” | — | Declared action | Feb 17, 2026 | 1 | Filing ↗ |
| New share repurchase authorization (expected following merger closing) | “in excess of $5 billion” | — | Declared action | May 5, 2026 | 1 | Filing ↗ |
| Quarterly dividend rate | “$0.315 per share” | — | Declared action | Feb 17, 2026 | 1 | Filing ↗ |
| Quarterly fixed dividend | “$0.24 per share” | — | Declared action | May 6, 2025 | 2 | Filing ↗ |
| Quarterly fixed dividend payout | “$0.22 per share” | — | Declared action | Nov 5, 2024 | 1 | Filing ↗ |
| Quarterly fixed dividend rate | “$0.32 per share” | — | Declared action | Aug 4, 2026 | 1 | Filing ↗ |
| Share repurchase authorization | “in excess of $5 billion” | — | Declared action | Feb 17, 2026 | 2 | Filing ↗ |
| Share repurchase program | “$8.0 billion” | — | Declared action | Aug 5, 2025 | 2 | Filing ↗ |
How one item moved
Share repurchase program, No period stated — every statement across the year, each linked to its filing.
How your Oil & gas E&P sector group guides
12 companies in Oil & gas E&P. What they guide on, and who reported this season.
Most-guided metric families
This season’s releases
| EOG Resources | Oct 8, 2026 | 0 changes |
| APA Corporation | Aug 5, 2026 | 7 changes |
| Chord Energy | Aug 5, 2026 | 51 changes |
| Matador Resources | Aug 5, 2026 | 39 changes |
| Murphy Oil | Aug 5, 2026 | 34 changes |
| Permian Resources | Aug 5, 2026 | 12 changes |
| Devon Energy | Aug 4, 2026 | 7 changes |
| Diamondback Energy | Aug 3, 2026 | 23 changes |
Get this for your own peer set — Peer Guidance Briefing, $3,000.
Full history
Every metric, every release, eight quarters — the complete record as one table.
| Metric | FY2029 | FY2027 | FY2026 | FY2025 | FY2024 | No period |
|---|---|---|---|---|---|---|
| Current tax expense outlook (% of pre-tax earnings) | — | — | — | 1 statement | — | — |
| Annual pre-tax free cash flow target | — | — | 1 statement | — | — | — |
| Annual pre-tax synergies on a run-rate basis | — | 1 statement | — | — | — | — |
| Business optimization plan annual pre-tax free cash flow improvement target | — | — | — | — | — | 1 statement |
| Business optimization target | — | — | 1 statement | — | — | — |
The full record for Devon Energy and its Oil & gas E&P peers, delivered as a Peer Guidance Briefing — PDF and Excel, every value linked to its filing.
Filings
The 8 earnings releases this page is built from.
| Filed | Fiscal period | Accession | Guidance items | |
|---|---|---|---|---|
| Aug 4, 2026 | FY2026 Q2 | 0001193125-26-332824 | 12 | Open filing ↗ |
| May 5, 2026 | FY2026 Q1 | 0001193125-26-206689 | 10 | Open filing ↗ |
| Feb 17, 2026 | FY2025 Q4 | 0001193125-26-054657 | 12 | Open filing ↗ |
| Nov 5, 2025 | FY2025 Q3 | 0001193125-25-267018 | 11 | Open filing ↗ |
| Aug 5, 2025 | FY2025 Q2 | 0001193125-25-173542 | 9 | Open filing ↗ |
| May 6, 2025 | FY2025 Q1 | 0001193125-25-113823 | 7 | Open filing ↗ |
| Feb 18, 2025 | FY2024 Q4 | 0001193125-25-028614 | 10 | Open filing ↗ |
| Nov 5, 2024 | FY2024 Q3 | 0001193125-24-251247 | 4 | Open filing ↗ |
Values in quotation marks are the company’s words; the classification and filing links are HighGravityData’s. HighGravityData does not score or rank companies or give investment advice.
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