Welcome to our dedicated page for Devon Energy news (Ticker: DVN), a resource for investors and traders seeking the latest updates and insights on Devon Energy stock.
Devon Energy Corp (DVN) is a leading independent oil and natural gas exploration company focused on strategic North American shale plays. This page serves as the definitive source for all official press releases, financial announcements, and operational updates from the energy producer.
Investors and industry professionals will find timely updates on earnings reports, acquisition activities, and production developments. The curated news collection provides insights into Devon's multi-basin strategy, capital discipline initiatives, and technological innovations driving operational efficiency.
Key updates include quarterly financial results, merger and partnership announcements, regulatory filings, and executive leadership communications. All content is sourced directly from Devon Energy's corporate communications to ensure accuracy and reliability.
Bookmark this page for streamlined access to Devon Energy's latest developments. Monitor evolving market positions and strategic decisions shaping one of the energy sector's most disciplined operators.
Five Point Infrastructure has announced the formation of PowerBridge LLC with a $1 billion equity commitment to develop gigawatt-scale data center campuses across North America. PowerBridge will partner with LandBridge (NYSE: LB) and WaterBridge to leverage over 275,000 surface acres for infrastructure development and access low-cost natural gas from the Waha Gas market hub.
Led by CEO Alex Hernandez, former CEO of Cumulus Data and Talen Energy Corp, PowerBridge brings significant expertise in data center development. Hernandez's previous success includes developing a 1 GW data center campus connected to Talen Energy's nuclear power plant, which attracted a $12 billion investment from Amazon Web Services for 17 data center buildings (~960 MW capacity).
The venture combines Five Point's infrastructure expertise with PowerBridge's data center development capabilities to create an integrated solution for hyperscale customers.
In a significant infrastructure deal, I Squared, MPLX LP (MPLX), and Enbridge Inc. (ENB) have agreed to acquire equity interests in the Matterhorn Express Pipeline from Ridgemont Equity Partners and Devon Energy (DVN). Post-transaction, the ownership structure will be distributed as follows: WhiteWater will hold 65%, while MPLX and Enbridge will each own 10% of the pipeline. WhiteWater's equity stake will be jointly supported by FIC and I Squared, and they will continue to operate the pipeline. The deal is scheduled to close in Q2 2025.
Devon Energy (NYSE: DVN) has announced its financial and operational results for the first quarter of 2025. The company has also declared a quarterly dividend and provided an updated outlook for 2025. The detailed earnings release, supplemental financial tables, guidance, and related earnings presentation are available through Devon's website in the Investor Relations section. A conference call is scheduled for May 7, 2025, at 10:00 a.m. Central time (11:00 a.m. Eastern time), primarily focused on addressing analyst and investor questions.
Devon Energy (NYSE: DVN) has announced a comprehensive business optimization plan aimed at delivering $1 billion in annual pre-tax free cash flow improvements by the end of 2026. The initiative, unveiled by CEO Clay Gaspar, will focus on enhancing margins and capital efficiency across multiple areas.
The plan consists of four main components:
- Capital Efficiency ($300M) through design optimization and vendor management
- Production Optimization ($250M) using advanced analytics
- Commercial Opportunities ($300M) by enhancing contracts and lowering costs
- Corporate Cost Reductions ($150M) via interest expense reduction
The company expects to achieve 30% of the targeted improvements (approximately $300 million) by year-end 2025, with the remaining benefits realized by the end of 2026. Devon will provide additional details during its first-quarter 2025 earnings call on May 7, 2025.
WaterBridge has launched an open season for the construction of the Speedway Pipeline, consisting of dual 30-inch pipelines that will connect the Northern Delaware Basin to the Central Basin Platform. The project aims to transport produced water from Eddy and Lea counties to pore space owned by LandBridge Company (NYSE: LB).
The open season runs from April 1, 2025, to May 1, 2025. The pipeline system will access approximately 1 million bpd of approved capacity on the Central Basin Platform, providing access to over 4 million bpd of contiguous pore space. The project, scheduled for completion in Q4 2025, addresses rising pore pressures in high-activity areas and aims to enhance flow assurance and redundancy for customers.
Devon Energy (NYSE: DVN) has announced its schedule for first-quarter 2025 earnings release and conference call. The company will release its Q1 2025 results on Tuesday, May 6, 2025, after U.S. financial markets close. The earnings release and presentation will be accessible on Devon's website.
A conference call is scheduled for Wednesday, May 7, 2025, at 10 a.m. CDT (11 a.m. EDT), focusing primarily on addressing questions from analysts and investors. The call will be accessible via webcast on Devon's website, with a replay available afterward.
Devon Energy (NYSE: DVN) announced that board member John Krenicki Jr. will retire at the end of his current term and won't seek re-election at the company's annual stockholders meeting scheduled for June 4, 2025. Krenicki, who has served on Devon's board since 2018, will focus on his full-time responsibilities as Vice Chairman at private equity firm CD&R.
During his tenure, Krenicki provided strategic guidance for key corporate initiatives, notably contributing to the transformative merger between Devon and WPX Energy in 2021. Devon's Chairman John Bethancourt acknowledged Krenicki's distinguished service and contributions to the company's board.
Devon Energy (NYSE: DVN) has released its financial and operational results for the fourth quarter of 2024. The company has also announced its quarterly dividend and provided guidance for 2025. The earnings details, supplemental financial information, and outlook are available through Devon's website in the Investor Relations section. The company has scheduled a conference call for February 19, 2025, at 10:00 a.m. Central time (11:00 a.m. Eastern time), which will primarily focus on addressing questions from analysts and investors.
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