Aug 5 (Reuters) -

U.S. oil and gas producer Devon Energy ( DVN ) narrowly

missed Wall Street expectations for second-quarter profit on

Tuesday, as weaker commodity prices offset a rise in output.

The company also announced two new natural gas supply

agreements as it capitalizes on growing demand for the heating

fuel.

Benchmark Brent crude prices fell during the

April-June quarter from a year earlier, as they came under

pressure from growing market uncertainty due to tariffs, weak

global demand and increased supply from OPEC+.

Its average realized prices came in at $36.30 per barrel of

oil equivalent (boe) during the reported period, compared with

$44.29 per boe last year.

The company's second-quarter production rose to 841,000

barrels of oil equivalent per day (boepd), from 707,000 boepd a

year ago.

The U.S. shale producer also raised its current-year oil

production forecast to be in the range of 384,000-390,000

barrels per day from a prior view of 382,000-388,000 bpd.

It now expects capital expenditures to range between

$3.6 billion and $3.8 billion, down from earlier expectations of

$3.7 billion to $3.9 billion.

The Oklahoma City-based company posted an adjusted profit of

84 cents per share for the three months ended June 30, compared

with the analysts' consensus estimate of 85 cents apiece,

according to data compiled by LSEG.