Devon Energy provides full-year forecast after merger with Coterra Energy

Devon Energy said it expects 2026 production to average 1.38 million barrels of oil equivalent per day, including 500,000 barrels per day of oil output, after completing its merger with Coterra Energy. The update signals a larger post-merger production base and provides forward guidance on output volumes. The announcement is constructive for fundamentals but appears to be a routine outlook update rather than a major price-moving event.

Analysis

Devon Energy said it expects 2026 production to average 1.38 million barrels of oil equivalent per day, including 500,000 barrels per day of oil output, after completing its merger with Coterra Energy. The update signals a larger post-merger production base and provides forward guidance on output volumes. The announcement is constructive for fundamentals but appears to be a routine outlook update rather than a major price-moving event.