Revenue segments as reported by the company.

Oil, gas and NGL sales

Oil, gas and NGL derivatives

Marketing and midstream revenues

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Production expenses

Exploration expenses

Marketing and midstream expenses

Depreciation, depletion and amortization

Asset impairments

Asset dispositions

General and administrative expenses

Financing costs, net

Restructuring and transaction costs

Other, net

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Devon Energy

Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Barnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q1 2024

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Earnings data Q4 2024

Devon Energy reports record performance in 2022, eyes sustained growth

Devon Energy's Q4 2022 Earnings Call highlighted strong financial performance, operational achievements, and a focus on sustaining production and generating free cash flow in 2023. The company remains committed to disciplined operations, high returns, and navigating market uncertainties.

Devon Energy surpasses production targets, focuses on shareholder returns

Devon Energy's Q1 2023 performance reflects exceeding production guidance, strong cash flow generation, and a focus on shareholder returns. The company's strengths lie in operational excellence, capital efficiency, and disciplined financial frameworks.
While challenges include market uncertainties and maintaining profitability amidst cost pressures, Devon Energy has opportunities in refracturing activities, basin focus, and cost-saving initiatives. Overall, Devon Energy remains positioned for growth and value creation in the energy sector.

Devon Energy excels in Q2 with record production and strategic investments

Devon Energy's Q2 performance highlighted solid execution, operational momentum, and a balanced approach to capital allocation. The company aims to continue production growth, achieve cost savings, and enhance shareholder value through dividends and buybacks. Challenges in various basins were acknowledged, with a focus on overcoming technical hurdles and maintaining capital efficiency.

Devon Energy reports 10% production growth, addresses infrastructure challenges

Devon Energy's focus on operational efficiency, capital discipline, and shareholder returns through dividends and buybacks is evident. The company is addressing infrastructure challenges proactively while aiming for production growth and financial strength in 2024.

Devon Energy excels in Q4, prioritizes efficiency and growth

Devon Energy's Q4 2023 earnings call highlighted robust financial performance, strategic priorities for 2024, and a commitment to capital efficiency and shareholder value. The company's focus on operational improvements, well productivity enhancements, and disciplined capital allocation underscores its resilience and growth potential in the energy sector.

Devon Energy surpasses Q1 targets, prioritizes free cash flow generation

Devon Energy's exceptional Q1 performance, exceeding targets, raising guidance, and prioritizing free cash flow generation. Focus on operational efficiency, debt management, and strategic asset development for growth.

Devon Energy excels in Q2 with record production and growth outlook

Devon Energy's exceptional second quarter performance, driven by record oil production and strong financial results, positions the company for continued growth and value creation. With a strategic acquisition strengthening its asset portfolio and a focus on operational efficiencies, Devon is well-positioned to capitalize on growth opportunities and deliver shareholder value.

Devon Energy excels in Q3, anticipates growth with strategic acquisitions

Devon Energy's Q3 2024 earnings call showcased robust operational and financial performance, marked by record production levels and strong free cash flow generation. The company's strategic focus on operational excellence, financial strength, and shareholder value creation positions it well for future growth and value creation.

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Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Devon Energy shares have dropped significantly since October 2022, but are trading at less than 10 times earnings with a 19.3% FCF yield. The acquisition of Grayson Mill assets is expected to boost DVN's production, earnings, and FCF, making it one of the largest domestic onshore upstream producers. DVN's valuation is cheap, trading at 7.92 times 2024 earnings and almost yielding 5% on the dividend, making it an attractive investment opportunity.

Devon Energy Looks Interesting Heading Into Earnings

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Devon Energy's (DVN) second-quarter earnings are expected to have gained from strong production from its multi-basin portfolio. Cost management and share buybacks are also likely to have aided earnings.

Devon's (DVN) Pre-Q2 Earnings Analysis: Should You Buy or Hold?

Devon Energy (DVN) closed at $46.17 in the latest trading session, marking a +1.05% move from the prior day.

Devon Energy (DVN) Advances While Market Declines: Some Information for Investors

Devon Energy (DVN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Devon Energy (DVN) Reports Next Week: Wall Street Expects Earnings Growth

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UPS now yields over 5%. Devon Energy is poised to generate significant cash flow in the future.

Coca-Cola Is a Rock-Solid Dividend Stock, but So Are These High-Yield Stocks That Are Down Between 13% and 30% Over the Last Year

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10 Beaten-Up Blue Chips With Serious Turnaround Potential

OKLAHOMA CITY, July 25, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN), a leading U.S. independent oil and natural gas producer, today announced the release of its 2024 Sustainability Report. The report highlights the company's efforts to deliver industry-leading results while being a good neighbor, valued community partner, responsible environmental steward and supportive employer.

Devon Energy Publishes 2024 Sustainability Report

In the closing of the recent trading day, Devon Energy (DVN) stood at $46.80, denoting a -1.97% change from the preceding trading day.

Devon Energy (DVN) Stock Declines While Market Improves: Some Information for Investors

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With oil prices likely to remain in the bullish territory, upstream firms like Matador Resources (MTDR), SM Energy (SM) and Devon Energy (DVN) are well poised to gain.

3 Solid Oil Stocks to Boost Your Investment Portfolio Now

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Devon Energy (DVN) Stock?

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Devon Energy acquired Grayson Mill for $5b, adding 307,000 net acres in the Williston Basin and increasing daily production by 100Mboe/d, resulting in an expected 15% increase in FCF. Devon's strategic investments in operational efficiencies and new producing assets have led to improved well performance despite a -10% reduction in total capital investments. Management announced an improvement to shareholder benefits with a $5b share repurchase program and the potential for a dividend increase in 2025.

Devon Energy Deepens Their Williston Basin Assets With Grayson Mill Acquisition

Devon Energy's (DVN) rising earnings estimates, better-than-industry returns and accretive acquisition in Williston Basin are likely to propel the stock higher from the current levels.

Is Devon Energy (DVN) a Buy Following Williston Basin Deal?

Devon Energy is buying Grayson Mill Energy's Williston Basin business. The transformational deal will significantly enhance the company's operations in the region.

This Top Oil Stock Finally Gets In on the Sector's Acquisition Wave. Time to Buy?

The latest trading day saw Devon Energy (DVN) settling at $46.52, representing a -1.08% change from its previous close.

Devon Energy (DVN) Stock Dips While Market Gains: Key Facts

Devon Energy Corporation (NYSE:DVN ) Mergers & Aquisitions Conference Call July 8, 2024 8:30 AM ET Company Participants Scott Coody - Vice President of Investor Relations Rick Muncrief - President and Chief Executive Officer Clay Gaspar - Executive Vice President and Chief Operating Officer Jeff Ritenour - Executive Vice President and Chief Financial Officer David Harris - Executive Vice President and Chief Corporate Development Officer Conference Call Participants Nitin Kumar - Mizuho Securities Neal Dingmann - Truist Securities Kevin MacCurdy - Pickering Energy Partners Charles Meade - Johnson Rice Betty Jiang - Barclays Kalei Akamine - Bank of America Merrill Lynch Scott Hanold - RBC David Deckelbaum - TD Securities Atidrip Modak - Goldman Sachs Paul Cheng - Scotiabank Matthew Portillo - TPH Operator Welcome to Devon Energy's Conference Call. At this time, all participants are in listen-only mode.

Devon Energy Corporation (DVN) Mergers & Aquisitions Conference - (Transcript)

Devon Energy (DVN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Devon Energy (DVN) Could Beat Earnings Estimates Again

Oklahoma City-based Devon Energy said Monday it will expand its already big footprint in the Williston Basin region of North Dakota that encapsules most of the prolific Bakken Shale play. The $5 billion deal to acquire Grayson Mill Energy's Williston assets will be funded with $3.25 billion in cash and $1.75 billion in stock.

Devon Energy Grows Bakken Position With $5 Billion Buyout

Devon Energy (DVN) on Monday announced that it has purchased privately held Grayson Mill Energy for $5.0 billion in cash and stock to expand its operations in the Williston Basin, situated in the Dakotas, Montana, and parts of Canada.

Devon Energy Buys Grayson Mill Energy in Latest Oil Patch Deal

Devon Energy Corp (NYSE:DVN, ETR:DY6) has agreed to pay $5 billion to acquire assets in the Williston Basin spanning parts of Montana, North Dakota and Saskatchewan. The deal, with private equity backed Grayson Mill Energy, comprises $3.25 billion of cash proceeds plus $1.75 billion paid in stock.

Devon Energy acquires Williston Basin assets for $5bn

Devon Energy DVN -2.53%decrease; red down pointing triangle has agreed to acquire Grayson Mill Energy, a oil-and-gas producer in the Williston Basin, in a cash-and-stock deal valued at $5 billion.

News for Devon Energy Stock (DVN)