Devon Energy Corp.

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Debt Financing / Related, Earnings Announcements, Mergers / Acquisitions

Devon Energy Announces Bolt-On Acquisition In The Williston Basin

Published: 06/08/2022 20:11 GMT
Devon Energy Corp. (DVN) - Devon Energy Announces Bolt-on Acquisition in the Williston Basin.
Devon Energy Corp - Deal for Consideration of $865 Million.
Devon Energy Corp - Transaction Immediately Accretive to Financial Metrics.
Devon Energy Corp - Board Intends to Approve a 13 Percent Increase to Fixed Quarterly Dividend Due to Accretive Nature of Transaction.
Devon Energy Corp - Also Expects Transaction to Be Accretive to Variable Dividend Payout in 2022 and Beyond.
Devon Energy Corp - Estimates Approximately $100 Million of Capital Expenditures to Be Incurred Post-closing in 2022 in Williston Basin.
Revenue is expected to be $4 Billion
Adjusted EPS is expected to be $2.23

Next Quarter Revenue Guidance is expected to be $4.08 Billion
Next Quarter EPS Guidance is expected to be $2.37

More details on our Analysts Page.