Devon Energy reports Q2 adjusted EPS $1.18, consensus $1.17

Reports Q2 revenue $3.454B, consensus $3.74B. “Devon’s second-quarter performance once again demonstrated the quality of our asset portfolio, the execution capabilities of our team and the financial benefits of our disciplined capital plan,” said Rick Muncrief, president and CEO. “One of our key accomplishments was the record-setting oil production we delivered, which was supported by strong well productivity in the Delaware Basin, as well as efficiency gains that compressed project cycle times. These efficiencies allowed us to bring forward activity ahead of plan and build operational momentum as we head into the second half of the year.”