- Devon Energy press release ( NYSE: DVN ): Q2 Non-GAAP EPS of $2.59 beats by $0.22 .
- Revenue of $5.63B (+132.6% Y/Y) beats by $880M .
- The company is raising its FY2022 production forecast by 3% to a range of 600,000 to 610,000 Boe per day. With the ongoing share repurchase program, production per share is expected to grow 8% compared to 2021.
- The company also adjusted its upstream capital guidance to a range of $2.2B to $2.4B vs. prior guidance of approximately $2.1B.
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Devon Energy Non-GAAP EPS of $2.59 beats by $0.22, revenue of $5.63B beats by $880M