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

This article starts with a discussion of my bullish outlook on oil and gas prices, driven by high demand and subdued supply growth, leading to a widening supply gap. In order to capitalize on this, I prefer Devon Energy, which comes with high oil and gas volumes, efficient operations, low debt levels, and a focus on shareholder distributions.

Why Devon Energy Is A Steal Right Now

Devon Energy's shares have underperformed recently due to investor worries about the company's capital expenditures and production. My opinion is that investor concerns regarding DVN's 2023 production and capital expenditures are overblown, and I expect Devon Energy's share price to recover in due course.

Is Devon Energy Stock A Buy On The Dip? Yes, Concerns Are Overdone

Shares have fallen over 15% since earnings on February 14th due to higher CAPEX expenses and lower commodity prices. Production issues and capital spending will reduce free cash flow for the 1st half of 2023.

Devon Energy: The Pain Is Not Over

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Devon Energy is a terrible choice for dividend investors who appreciate consistency, but that doesn't mean it's a bad company.

Down 20% in 3 Months, Is Devon Energy Worth the Trouble?

The average brokerage recommendation (ABR) for Devon Energy (DVN) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable.

Wall Street Analysts See Devon Energy (DVN) as a Buy: Should You Invest?

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The oil company is firing on all cylinders.

Despite Another Dividend Cut, Devon Energy is Delivering Exceptional Performance

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A big inventory build in the U.S. and fears of higher interest rates caused these oil-related stocks to fall.

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This oil and gas producer reported earnings that underwhelmed and forecast higher spending in 2023.

Why Devon Energy Plunged This Week

Analysts joined investors in expressing their disappointment on the oil and gas player's recent performance.

Why Devon Energy's Stock Price Shrank on Thursday

The oil stock's dividend continues to ebb and flow with its cash flow.

Devon Energy's Dividend Goes Down Again. Should Investors Worry?

Even solid results aren't enough for this oil stock.

Why Devon Energy's Stock Dropped 13.4% Today

Devon Energy Corp. (NYSE:DVN ) Q4 2022 Earnings Conference Call February 15, 2023 11:00 AM ET Company Participants Scott Coody - VP, IR Rick Muncrief - President and CEO Clay Gaspar - COO Jeff Ritenour - CFO Conference Call Participants Jeanine Wai - Barclays Nitin Kumar - Mizuho Securities Scott Gruber - Citigroup Neil Mehta - Goldman Sachs Doug Leggate - Bank of America Paul Cheng - Scotiabank Neal Dingmann - Truist Securities Operator Welcome to Devon Energy's Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

Devon Energy Corp. (DVN) Q4 2022 Earnings Call Transcript

Devon Energy Corp.'s (DVN) fourth-quarter earnings and revenues miss estimates. Devon's production for the quarter drops 2% due to weather conditions.

Devon Energy's (DVN) Q4 Earnings and Revenues Lag Estimates

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News for Devon Energy Stock (DVN)