Devon Vitality Corp on Tuesday reported $562 million in internet earnings and $510 million in adjusted internet earnings for the fourth quarter of 2025, each down quarter-on-quarter and year-on-year.
The Delaware-basin targeted oil and fuel producer logged $0.82 in internet earnings per share adjusted for extraordinary or nonrecurring gadgets, beating the Zacks Consensus Estimate of $0.81 per share.
Oklahoma Metropolis-based Devon earlier introduced plans to extend its quarterly dividend to $0.315 per share, in comparison with the present $0.24, and launch one other share repurchase program of over $5 billion after the completion of its merger with Coterra Vitality Inc. The events anticipate to shut the mix within the second quarter of 2026.
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At the side of the pending transaction, introduced February 2, Devon has suspended buybacks below its current $5-billion package deal, with $4.4 billion value of shares purchased so far.
In comparison with the prior three-month interval, Devon’s manufacturing in This fall 2025 fell to 851,000 barrels of oil equal per day (boepd). That included 390,000 bpd of oil, steady in opposition to Q3, and 1.39 billion cubic ft a day (Bcfd) of pure fuel, down from 1.41 Bcfd in Q3.
12 months-over-year, oil output dropped from 398,000 bpd whereas fuel rose from 1.37 Bcfd.
Delaware Basin oil and fuel manufacturing averaged 234,000 bpd and 848 million cfd respectively in This fall 2025, with smaller contributions from the Anadarko Basin, the Eagle Ford and the Rockies.
Devon’s averaged realized oil value declined sequentially and in opposition to This fall 2024 to $59.66 per barrel. Its common realized fuel value of $1.58 per thousand cubic ft was flat in comparison with Q3 2025 however up from This fall 2024.
Income from the sale of oil, fuel and pure fuel liquids totaled $2.58 billion, down from $2.81 billion for Q3 2024 and $3.09 billion for This fall 2024.
This fall 2025 working actions generated $6.71 billion in internet money, whereas free money stream stood at $702 million.
“Devon’s disciplined execution and operational excellence outlined 2025, culminating in excellent outcomes that exceeded fourth quarter expectations throughout all main worth drivers”, stated president and chief govt Clay Gaspar.
“Along with our banner yr in 2025, now we have taken daring, strategic steps to considerably strengthen our portfolio and place ourselves for sustained success by means of a transformative merger with Coterra Vitality”, Gaspar added. “This highly effective mixture brings collectively two industry-leading firms with complementary belongings and confirmed observe data of worth creation, establishing a premier unbiased shale operator”.
Devon ended 2025 with $4 billion in present belongings together with $1.43 billion in money, money equivalents and restricted money. Present liabilities totaled $4.09 billion together with $998 million in short-term debt.
To contact the creator, electronic mail jov.onsat@rigzone.com
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