Edition:
United States

Devon Energy Announces Q4 Earnings Per Share $0.35


Tuesday, 20 Feb 2018 05:10pm EST 

Feb 20 (Reuters) - Devon Energy Corp ::DEVON ENERGY ANNOUNCES THREE-YEAR OUTLOOK AND DETAILED 2018 GUIDANCE; REPORTS FOURTH QUARTER EARNINGS RESULTS.QTRLY TOTAL OIL EQUIVALENT PRODUCTION OF 548 MBOE/D VERSUS 537 MBOE/D.DEVON ENERGY - CHANGES TO U.S. TAX LEGISLATION DID NOT HAVE MATERIAL IMPACT TO DEVON’S Q4 RESULTS.Q4 EARNINGS PER SHARE $0.35.Q4 ADJUSTED CORE EARNINGS PER SHARE $0.38 EXCLUDING ITEMS.QTRLY TOTAL REVENUES $3,983 MILLION VERSUS $2,808 MILLION.Q4 EARNINGS PER SHARE VIEW $0.63, REVENUE VIEW $3.52 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY UPSTREAM REVENUES $1,333 MILLION VERSUS $988 MILLION.SEES Q1 DEVON CAPITAL EXPENDITURES OF $585 MILLION TO $700 MILLION.SEES Q1 TOTAL OIL EQUIVALENT PRODUCTION OF 530 MBOE/D TO 554 MBOE/D.SEES FY TOTAL OIL EQUIVALENT PRODUCTION OF 552 MBOE/D TO 576 MBOE/D.SEES FY DEVON CAPITAL EXPENDITURES OF $2,335 MILLION TO $2,615 MILLION.