Devon Energy forecasts 1.38M boe/day production for 2026 after Coterra merger
Summary
Devon Energy has provided its full-year 2026 production outlook, forecasting an average of 1.380 million barrels of oil equivalent per day. This guidance is the first comprehensive operational forecast for the combined entity following the completion of its all-stock merger with Coterra Energy on May 7th. The new outlook is crucial for investors and analysts to update their financial models and evaluate the company's post-merger performance expectations.
At the time of this announcement, DVN was trading at $44.01 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $50.8B. The 52-week trading range was $31.45 to $52.71. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.