Oklahoma City’s Devon Energy Corp. plans a release of its third-quarter 2025 earnings results in early November. Investors will be eager to see if the firm continues with the success it reported in August when the second quarter financial results were released.
The company announced the release will be made on Wednesday, Nov. 5 after the close of U.S. financial markets.The company said its earnings release and investor presentation will be available at www.devonenergy.com.
A conference call by company leaders will be held the next day, Thursday, Nov. 6 at 10 a.m. central time.
Devon had a strong second quarter with net earnings of $844 million or $1.34 per diluted share. Its core earnings were $885 million or $1.41 per share after adjustment for items analysts typically exclude from estimates.
Its cash flow totaled $1.5 billion, 9% more than a year earlier.
“Devon delivered a strong second quarter driven by record oil production and effective cost management,” said Rick Muncrief,
president and CEO in August when the second quarter results were announced.
“Based on our solid performance for the first half of 2024, we now expect our full-year 2024 production guidance to be 5 percent
higher than our original outlook. This improved production outlook coupled with our disciplined capital plan strengthens our free cash flow generation capabilities.”
Devon also made an acquisition of Grayson Mill in the Williston Basin in July which allowed the company to expand its oil production.