November 5, 2019 / 9:32 PM / 15 days ago

Devon Energy third-quarter profit falls

Nov 5 (Reuters) - Devon Energy Corp reported a much smaller quarterly profit on Tuesday, as the U.S. oil and gas producer’s year-earlier quarter included a $2.2 billion gain from the sale of its stake in pipeline operator EnLink Midstream.

Net income for Devon fell to $109 million, or 27 cents per share, in the third quarter ended Sept. 30, from $2.54 billion, or $5.14 per share, a year earlier. (bit.ly/2JV3PEt)

Production rose 2.4% to 428,000 barrels of oil equivalent per day in the reported quarter. (Reporting by Taru Jain; Editing by Shounak Dasgupta)

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