Devon Energy announced the final results of its exchange offers allowing holders of Coterra Energy notes to swap them for new Devon Energy notes and cash. A significant majority of the outstanding Coterra notes were tendered, with exchange settlements expected around June 25, 2026. The new Devon notes will be unsecured and rank equally with other Devon debt, supporting the company's capital structure. This move helps Devon streamline its debt profile following its merger with Coterra Energy and aims to enhance financial flexibility.
Devon Energy has agreed to sell its Eagle Ford assets in Texas to Crescent Energy for $4.2 billion in cash. The sale covers about 90,000 net acres and represents 4% of Devon's production. This move is part of Devon's strategy to focus on higher-retur...
Devon Energy Corporation announced it will report its third-quarter 2026 financial results on November 5, after U.S. market close. The company will host a conference call on November 6 at 10 a.m. CDT to discuss the results, with webcast and replay av...
An analyst from BMO Capital set a $67 price target for Devon Energy, suggesting a 40% upside from its current share price of around $48. The oil and gas producer has consistently beaten earnings estimates recently, showing strong financial health. Ho...
