Devon Energy Prepares for Second-Quarter 2025 Earnings Release and Conference Call

OKLAHOMA CITY, June 25, 2025 – Devon Energy Corp. (NYSE: DVN) today announced its schedule for reporting second-quarter 2025 financial results. The independent oil and natural gas producer is set to release its earnings on Tuesday, August 5, 2025, after the close of U.S. financial markets. This highly anticipated announcement will provide investors and analysts with crucial insights into the company's operational performance, financial health, and strategic outlook for the latter half of the year.

The earnings release, along with a comprehensive presentation detailing the second-quarter 2025 results, will be made available on Devon Energy's official investor relations website at www.devonenergy.com. Investors are encouraged to visit the site promptly after the market close on August 5th to access these materials.

Conference Call and Webcast Details

Following the release of its financial results, Devon Energy will host a conference call and webcast on Wednesday, August 6, 2025, at 10:00 a.m. Central Daylight Time (11:00 a.m. Eastern Daylight Time). This call will feature members of Devon Energy's executive management team, who will discuss the second-quarter performance, provide commentary on current market conditions, and offer updated guidance for the remainder of 2025. Participants will also have the opportunity to engage in a question-and-answer session with management.

To access the live webcast, interested parties can visit the investor relations section of Devon Energy's website. A replay of the webcast will also be available on the company's website for a limited period following the call, allowing those unable to attend the live session to review the discussion at their convenience.

Market Context and Investor Focus

Devon Energy's second-quarter results will be closely scrutinized by the market, particularly given the dynamic landscape of the energy sector. Key areas of focus for investors will likely include:

• Production Volumes: Analysts will be keen to see if Devon has met or exceeded its production targets for oil, natural gas, and natural gas liquids, especially from its core operating areas like the Delaware Basin.
• Capital Expenditures (CapEx): Details on capital deployment will indicate the company's investment strategy and its commitment to sustainable growth while maintaining capital discipline.
• Free Cash Flow (FCF) and Shareholder Returns: The market will be looking for strong free cash flow generation, which underpins Devon's commitment to its variable dividend policy and share repurchase programs. The company's ability to return capital to shareholders remains a significant draw for investors.
• Operating Costs: Efficiency in managing lease operating expenses (LOE) and general and administrative (G&A) costs will be critical in demonstrating cost control and profitability.
• Commodity Price Realizations: The average realized prices for oil and natural gas will directly impact revenue and profitability, reflecting the company's hedging strategies and exposure to market fluctuations.

Investment Insights

For investors holding or considering DVN stock, the upcoming earnings call is a pivotal event. It offers a direct line to management's perspective on the company's performance and future strategy. Pay close attention to:

• Updated Guidance: Any revisions to full-year production, CapEx, or FCF guidance will be a major market mover.
• Operational Efficiencies: Look for commentary on drilling and completion efficiencies, well performance, and infrastructure optimization.
• Balance Sheet Strength: Assess the company's debt levels and liquidity position, especially in the context of potential acquisitions or divestitures.
• Macroeconomic Commentary: Management's views on global energy demand, supply dynamics, and geopolitical factors will provide broader industry context.

Devon Energy's consistent focus on capital efficiency, disciplined growth, and shareholder returns has positioned it as a key player in the independent E&P space. The second-quarter 2025 earnings report will be instrumental in reaffirming this trajectory and providing clarity on its path forward in a volatile energy market.