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

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

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

Chord Energy Corp

Coterra Energy

Cenovus Energy

Magnolia Oil & Gas Corp

Matador Resources

Valero Energy

Thanks to the surprise production cuts from the alliance between the Organization of the Petroleum Exporting Countries (OPEC) and non-member oil-producing nations — known as OPEC+ — oil stocks to buy suddenly got extremely compelling. Further, a key question sprouted regarding future monetary policy.

7 Oil Stocks to Buy on OPEC's Surprise Production Cuts

In this article, I start with a chart-loaded discussion of the tight oil situation, further amplified by the recent OPEC cuts. My thesis is a prolonged uptrend in oil prices, resulting in triple-digit prices once demand expectations bottom.

From Tight To Tighter, Why Devon Energy Could Double

Amazon

Brookfield Renewable Partners

Trade Desk

Vertex Pharmaceuticals

Two of these stocks have technology ties, one in cloud hosting and the other in adtech. Two are in the energy sector and offer great dividends plus solid growth prospects.

My 5 Top Stocks to Buy in April

Ares Capital

Medical Properties Trust

Ares Capital has a great dividend track record and could benefit from the banking turmoil. Devon Energy's already high dividend could increase if oil prices rise.

Want $10,000 in Dividend Income? Invest $87,000 in These Ultra-High-Yield Stocks.

Civitas Resources

Chord Energy could return more than 75% of its oil-fueled cash flows to investors. Civitas Resources is expected to pay 60% of its free cash flow in dividends this year.

Like Devon Energy? Check Out These 3 High Potential Oil Dividend Stocks

AbbVie

AmerisourceBergen

Best Buy

Cigna

ConocoPhillips

Cisco Systems

CVS Health

Dell Technologies

eBay

Expeditors International of Washington

Twenty-First Century Fox

Gilead Sciences

KLA-Tencor

Lam Research

McKesson

Altria

Mosaic

Marathon Petroleum

Nutrien

Nucor

QUALCOMM

The following is a dividend portfolio strategy for large caps that score the highest amongst Joel Greenblatt's Magic Formula screener. The list follows large caps that have dividends.

Magic Formula Dividend Portfolio For April

Chesapeake Energy

The energy sector had a blockbuster year in 2022, and actually turned out to be the best-performing sector overall. Thus far, 2023 has not played out well for investors in this sector, with energy stocks falling 4.23%, based on the S&P Global 1200 Energy index.

3 Sorry Energy Stocks to Sell in April Before It's Too Late

Restaurant Brands

Texas Instruments

As inflation takes hold, and interest rates rise, investors have many options to choose from. Growth stocks may be less-enticing in this environment, but bonds and other dividend stocks to buy certainly make a compelling case for investors in this market.

The 3 Best Long-Term Dividend Stocks to Buy in April

Devon Energy enjoyed very strong cash flow performance during 2022 even in the fourth quarter, as oil and gas prices eased. Unfortunately, there was disappointment when their guidance for 2023 saw their capital expenditure increase significantly year-on-year.

Devon Energy: I'm Doubling Down Despite The Disappointment

First Trust Global Wind Energy ETF

Pioneer Natural Resources

Devon Energy will pay out up to half its oil-fueled cash flows via a variable dividend this year. Pioneer Natural Resources' variable dividend framework is even higher at 75%.

3 Oil Stocks to Buy to Cash In on Saudi Arabia's Bid to Boost Crude Prices

Enterprise Products Partners

Energy Transfer LP Unit

According to current portfolio statistics, a Premium feature of GuruFocus, energy stocks in Leon Cooperman (Trades, Portfolio)'s fourth-quarter 2022 13F equity portfolio included Devon Energy Corp. ( DVN , Financial), Coterra Energy Inc. ( CTRA , Financial), Energy Transfer LP ( ET , Financial), Pioneer Natural Resources Co. ( PXD , Financial) and Enterprise Products Partners LP ( EPD , Financial).

5 Energy Stocks Leon Cooperman's Firm Drilled Into

5 Energy Stocks Leon Cooperman's Firm Drilled Positions In

Omega Advisors chairman and CEO Leon Cooperman believes we are in the midst of a stock picker's market, and he's placing his bets on oil.

Billionaire Leon Cooperman Is Betting On These Oil Stocks: 'I Don't See How You Go Wrong' - Devon Energy (NYSE:DVN)

Marathon Oil

Occidental Petroleum

OPEC+ just announced big production cuts in oil to begin in May. Oil supplies could be constrained through the end of this year, and oil prices are rocketing on the news.

Why Occidental Petroleum, Devon Energy, and Marathon Oil Stocks Popped Today

Diamondback Energy

Oil prices appear poised to rally in the coming months. Many oil stocks trade to cheap valuations based on the cash flows they can produce at current prices.

4 Oil Stocks That Are Screaming Buys in April

Shares of oil and gas E&P concern Devon Energy Corporation have fallen 35% since November 1, 2022, as the energy complex comes under pressure. Cost inflation and higher-than-expected capital outlays have lifted the company's breakeven points to $40 a bbl of WTI and $2.75/MMBtu of Henry Hub, up from $30 and $2.50 in the year.

Devon Energy: After Falling From Last Year's Highs, Insiders Are Buying Shares

Brookfield Infrastructure Partners L.P.

Brookfield Infrastructure

Five stocks should generate an average yield of 8.45% on an investment of around $36,100. In addition to high dividend yields, these stocks offer attractive valuations and long-term growth prospects.

These 5 High-Yield Dividend Stocks Should Make Me $3,000 in Passive Income This Year

Kinder Morgan

Investors taking a long-term view will favor Devon Energy based on industry body estimates. Kinder Morgan's transformation in recent years should earn meaningful returns for shareholders going forward.

Better Buy: Devon Energy vs. Kinder Morgan Stock

Annaly Capital

Petroleo Brasileiro

Vornado Realty Trust

Not all dividends are safe, and these high yields are in real trouble.

4 Dividend Stocks to Sell Now

Ares Capital offers an especially juicy dividend and could benefit from the banking crisis. Devon Energy's dividend and share price could be headed higher if oil prices rise -- which some experts predict they will.

3 Ultra-High-Yield Dividend Stocks to Buy in April

Alliance Resource Partners

Black Stone Minerals LP

The dividend yield of a stock is the ratio of the share price and the dividend paid over the past twelve months.

10 Biggest Energy Companies With Very High Dividend Yields

News for Devon Energy Stock (DVN)