Devon Energy tops fourth-quarter profit estimates on strong production
17/02/2026 21:12
Feb 17 (Reuters) - Devon Energy DVN.N on Tuesday beat Wall Street estimates for fourth-quarter profit on higher oil and gas production amid volatile crude prices, weeks after agreeing to a $58 billion merger with Coterra Energy CTRA.N to create a Permian Basin powerhouse. The company posted an adjusted profit of 82 cents per share for the three months ended December 31, compared with analysts' average estimates of 81 cents, according to data compiled by LSEG. (Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj Kalluvila) ((Arunima.Kumar@thomsonreuters.com;))
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