Devon reports $2.01 billion in third-quarter adjusted free cash flow, plans larger buybacks
Devon Energy reported $2.01 billion in adjusted free cash flow for the third quarter of 2026, up approximately 21% from the previous quarter. The company repurchased $414 million of shares during the quarter, and management expects fourth-quarter repurchases to exceed $1 billion. Devon also raised its projected year-end 2026 annualized pre-tax merger synergy run rate to approximately $350 million from $200 million.