Devon Energy beats Q1 profit estimate

May 1 (Reuters) - U.S. shale producer Devon Energy (DVN.N) beat first-quarter profit estimates on Wednesday as higher production helped it offset a decline in natural gas prices.

Oklahoma City-based oil and gas producer reported adjusted income of $1.16 per share for the three months ended March 31, topping average analysts' estimate of $1.11 per share, according to LSEG data.