Fueled by a Recent Acquisition, This Oil Stock Is Optimistically Looking Ahead to 2025 and Beyond [Yahoo! Finance]
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
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investors.devonenergy.com/investors/events-presentations/default.aspx
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Source: Yahoo! Finance
However, as good as things have been, the oil company expects them to get even better in the coming quarters Fueling that view is its recently closed acquisition of Grayson Mill Energy. Here's a look at Devon's latest quarter and what it sees ahead. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Devon Energy produced an average of 335,000 barrels of oil per day during the third quarter, which exceeded its guidance by 4%. Meanwhile, total output averaged 728,000 barrels of oil equivalent per day (BOE/d), which was 3% higher than the prior quarter. The company got a slight bump from its acquisition of Grayson Mill Energy, which closed in late September and added 5,000 BOE/d to its quarterly total. Meanwhile, the main factor fueling its outperformance was the strength of its Delaware Basin operations, where production grew by 6% quarter over quarter. The company's robust production helped fuel strong financial results.
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News
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DVN
Earnings
- 11/5/24 - Beat
DVN
Sec Filings
- 11/6/24 - Form 10-Q
- 11/5/24 - Form 8-K
- 10/3/24 - Form 8-K
- DVN's page on the SEC website