Devon Energy Q3 Earnings: EPS Beat, Production Forecast Raise And More

Devon Energy Corp (NYSE:DVN) reported financial results for the third quarter after the bell on Tuesday. Here’s a look at the key metrics from the quarter.

Q3 Earnings: Devon Energy reported third-quarter earnings of $1.30 per share, beating analyst estimates of $1.14 per share, according to Benzinga Pro.

Devon said oil production reached 335,000 barrels per day during the quarter, about 4% ahead of the company’s previous guidance.

The company said it generated $1.7 billion in operating cash flow and $786 million in free cash flow during the quarter before returning $431 million to shareholders. Devon repurchased $295 million of its common stock in the ...