Devon Posts $1.9 Billion Q2 Profit After Coterra Merger - Crude Oil Prices Today

{
  "signal_id": "e0c509d1-f4af-0eb6-9f12-b8288c2962f0",
  "signal_type": "news",
  "signal_subtype": "has_revenue",
  "detected_at": "2026-08-05T02:08:00+00:00",
  "company": {
    "name": "Devon Energy",
    "domain": "devonenergy.com"
  },
  "data": {
    "url": "https://oilprice.com/Company-News/Devon-Posts-19-Billion-Q2-Profit-After-Coterra-Merger.amp.html",
    "title": "Devon Posts $1.9 Billion Q2 Profit After Coterra Merger - Crude Oil Prices Today | OilPrice.com",
    "excerpt": "Devon Energy reported net earnings of $1.9 billion, or $2.03 per diluted share, for the second quarter of 2026, its first reporting period to include operations acquired through its merger with Coterra Energy. Core earnings, which exclude items the company says analysts typically remove from estimates, totaled $1.5 billion, or $1.57 per diluted share. The results include combined operations from May 7, when Devon completed the Coterra transaction. Operating cash flow reached $3.7 billion, while adjusted operating cash flow was $2.9 billion. Devon generated $1.7 billion of adjusted free cash flow, excluding $174 million of after-tax restructuring costs associated with the merger. Production averaged 1.359 million barrels of oil equivalent per day, near the top of Devon's guidance range of 1.315 million to 1.36 million boepd. Oil output averaged 503,000 barrels per day, also near the upper end of its 485,000-to-505,000-bpd forecast. The company attributed the production result partly to stronger-than-expected well performance in the Delaware Basin. Capital spending totaled $1.269 billion, below the midpoint of Devon's quarterly forecast. The company said the difference primarily reflected project timing and cost management. Oil, natural gas and natural gas liquids sales totaled $5.1 billion. Including hedges, Devon realized an average of $88.09 per barrel for oil, $22.70 per...",
    "summary": "Devon Energy reported total sales of $5.1 billion from oil, natural gas, and natural gas liquids in Q2 2026.",
    "planning": false,
    "image_url": "https://d32r1sh890xpii.cloudfront.net/news/1200x675/2026-08-04_4yjmdbzshn.jpg",
    "confidence": 0.9,
    "published_at": "2026-08-05T02:08:00Z",
    "article_sentence": "Oil, natural gas and natural gas liquids sales totaled $5.1 billion.",
    "amount_normalized": 5100000000
  }
}

curl https://signals.autobound.ai/v1/signals/e0c509d1-f4af-0eb6-9f12-b8288c2962f0 \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"devonenergy.com","limit":20}'