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 Corporation reports developments tied to its U.S. oil and gas production business, with a diversified multi-basin portfolio headlined by the Delaware Basin. Recurring updates include quarterly operating and financial results, production outlooks, cash-return and capital-allocation themes, safe and sustainable operations, shareholder votes, governance matters and material agreements.
News also covers capital-structure developments and completed corporate transactions, including the Coterra merger, under which Coterra became a direct wholly owned subsidiary of Devon.
Devon Energy (NYSE: DVN) approved a positive Final Investment Decision on the Solitude Pipeline System, a WhiteWater-led joint venture to build two 48-inch natural gas pipelines linking the Permian Basin to Katy, Texas. The system is planned for a phased build-out of about 2.25 Bcf/d entering service in the second half of 2029, followed by a similarly sized second phase in 2030, with potential future expansion, subject to customary regulatory approvals.
Devon has secured firm transportation capacity and will own 25% of the joint venture, alongside WhiteWater (50%), MPLX (10%), Diamondback Energy (7.5%) and Western Midstream Partners (7.5%). According to Devon, Solitude supports its integrated Delaware Basin strategy, complementing existing crude, NGL, gas takeaway, processing, gathering, power and water infrastructure, including interests in Catalyst Midstream Partners, Cotton Draw Midstream and WaterBridge Infrastructure (NYSE: WBI), where Devon holds about 13%.
WhiteWater and partners announced that their Solitude Pipeline System joint venture, including Devon Energy (NYSE: DVN), MPLX (NYSE: MPLX), Diamondback Energy (NASDAQ: FANG) and Western Midstream Partners (NYSE: WES), has reached a positive Final Investment Decision to build two 48-inch natural gas pipelines from the Permian Basin to Katy, Texas.
The project is backed by substantial long-term firm transportation agreements with predominantly investment-grade shippers. Solitude’s phased design targets initial capacity of about 2.25 Bcf/d in late 2029 and an additional 2.25 Bcf/d in 2030, with potential further expansions. Service is expected in the second half of 2029, subject to customary regulatory and other approvals. The joint venture ownership is WhiteWater 50%, Devon 25%, MPLX 10%, Diamondback 7.5% and Western Midstream 7.5%.
Devon Energy (NYSE: DVN) announced it has reported its financial and operational results for the second quarter of 2026 and provided an outlook for the third quarter of 2026. Detailed earnings materials are available in the Investor Relations section of its website.
The company will host a second-quarter conference call at 10:00 a.m. Central (11:00 a.m. Eastern) on Wednesday, August 5, 2026, primarily for analyst and investor Q&A.
Cadiz (NASDAQ: CDZI, CDZIP) appointed Jacinto J. Hernandez as executive vice president of finance and chief financial officer, effective September 1, 2026, succeeding Stanley E. Speer, who will retire in September 2026 and remain an advisor through December 31, 2026. Controller Teffiny Bagnara was promoted to vice president.
According to Cadiz, Hernandez will receive 800,000 RSUs and 800,000 PSUs as Nasdaq Rule 5635(c)(4) inducement awards. Of the RSUs, 200,000 vest immediately and 600,000 vest quarterly over three years. The PSUs vest in four tranches of 200,000 units tied to stock-price hurdles over up to five years, otherwise forfeiting.
Cadiz highlights Hernandez’s 26-year capital markets career, including 22 years at Capital Group and board roles at MO, PXD, ARIS, CTRA and DVN. The company emphasizes his experience funding infrastructure, advising on strategy and capital allocation, and his interest in commercializing the Mojave Groundwater Bank and related water solutions platform.
Devon Energy (NYSE: DVN) will release its second-quarter 2026 earnings on Tuesday, August 4, 2026, after U.S. markets close. The earnings release and presentation will be posted on the company’s website.
A conference call for analysts and investors is scheduled for Wednesday, August 5, 2026, at 10 a.m. CDT (11 a.m. EDT), with a webcast and replay available via Devon Energy’s website.
Devon Energy (NYSE: DVN) announced final results of its private exchange offers for outstanding Coterra and Coterra OpCo senior notes, expiring June 23, 2026.
According to Devon, tender rates ranged from 65.76% to 97.89% by series, with settlement expected on or about June 25, 2026. New Devon Notes will be general unsecured obligations ranking equally with other unsecured, unsubordinated Devon debt. The notes are initially unregistered; Devon expects to enter a registration rights agreement requiring commercially reasonable efforts to complete an exchange registration within 450 days.
Devon Energy (NYSE:DVN) announced that President and CEO Clay Gaspar will join a fireside chat at the J.P. Morgan Energy, Power, Renewables & Mining Conference.
The session is set for 8:45 a.m. CT (9:45 a.m. ET) on June 23, 2026, with a live webcast and 30-day replay on Devon’s website.
Devon Energy (NYSE: DVN) released its updated 2026 outlook for the combined company after merging with Coterra Energy.
Guidance includes average 2026 production of 1.380 million BOE/d (500,000 bbl/d oil), capital spending of about $4.9 billion with over 60% in the Permian, and activity of 31 rigs and 10 completion crews to bring 460–480 net wells online.
Devon targets returning up to 70% of free cash flow via a fixed quarterly dividend of $0.32 per share and an $8 billion share repurchase authorization, plans to retire $1.25 billion of debt in 2026, and expects $600 million in 2027 synergies and $1.0 billion in annual pretax synergy run-rate by year-end 2027.
Devon Energy (NYSE: DVN) reported early results of its private exchange offers for Coterra notes and extended the deadline to receive the total exchange consideration to the Expiration Date.
Between 65.76% and 97.78% of each series was tendered by June 5, 2026; offers now expire June 23, 2026.
The May 20, 2026 BLM New Mexico federal oil and gas lease sale generated about $4.008 billion in competitive bids, setting records for per-acre prices above $300,000 on premium tracts.
Devon Energy (NYSE: DVN) was top bidder with $2.63 billion for 16,296.69 net acres, while Garnet Energy Capital’s affiliate Veer Capital Partners acquired 240.70 acres for about $26.8 million. Garnet describes the New Mexico Permian as a core long-term growth area and plans to pursue additional Lower 48 unconventional opportunities.