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

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Devon Energy is an exceptionally performing oil refinery company and an industry leader in the space. The stock could trade over $100 per share, which represents a 50-60% return. The company is producing massive free cash flows, paying down debt, and returning capital to the shareholders via cash dividends and stock buybacks.

Devon Energy: It All Depends On The Price Of Oil

In this article, we start with an in-depth discussion of ridiculous and dangerous energy policies, pressuring fossil fuel supply in a time of sustained demand growth. When adding a potential Fed pivot in early 2023, we're faced with a situation of lasting inflation - especially in energy markets.

Ridiculous And Dangerous Energy Policies Make Devon Energy A Must-Own Stock

Oil-and-gas explorer Devon Energy was trading lower Wednesday after Q3 results that beat views, but investors gave a thumbs down to a 13% dividend cut.

Devon Energy Lower After Beating Q3 Views But Slashing Dividend

The company plans to spend more to bolster its oil and gas production.

Why Devon Energy Stock Dropped Today

Devon Energy Corp. (NYSE:DVN ) Q3 2022 Results Conference Call November 2, 2022 11:00 AM ET Company Participants Scott Coody - VP, IR Rick Muncrief - President and CEO Clay Gaspar - COO Jeff Ritenour - CFO Conference Call Participants Arun Jayaram - JP Morgan Neil Mehta - Goldman Sachs Doug Leggate - Bank of America Jeanine Wai - Barclays Paul Cheng - Scotiabank Scott Gruber - Citigroup Neal Dingmann - Truist John Freeman - Raymond James Matthew Portillo - TPH Kevin MacCurdy - Pickering Energy Partners Operator Welcome to Devon Energy's Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

Devon Energy Corp. (DVN) Q3 2022 Earnings Call Transcript

Devon Energy's (DVN) third-quarter earnings and revenues were better than expected and its performance will be further driven by an accretive acquisition of Eagle Ford.

Devon's (DVN) Q3 Earnings & Sales Beat Estimates, Rise Y/Y

Shares of U.S. shale oil producer Devon Energy slumped almost 13% on Wednesday on an outlook for higher than expected capital spending and lower than forecast fourth-quarter output.

Devon Energy shares slump on higher capex, disappointing Q4 output outlook

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After plenty of upside, the oil and gas company's variable dividend framework is showing its downside potential.

Devon Energy's Big-Time Dividend Is Heading Lower. Time to Sell?

OKLAHOMA CITY, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today its board of directors declared a fixed-plus-variable dividend of $1.35 per share based on the company's third-quarter financial performance. This payout represents a 61 percent increase year over year. The company's fixed-plus-variable dividend is payable on Dec. 30, 2022 to shareholders of record at the close of business on Dec. 12, 2022.

Devon Energy Announces Third-Quarter Dividend for Common Stockholders

OKLAHOMA CITY, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the third quarter of 2022. The company's earnings release, supplemental financial tables, updated guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, www.devonenergy.com.

Devon Energy Reports Third-Quarter 2022 Financial and Operational Results

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Energy stock Devon Energy was up ahead of Tuesday's Q3 earnings report. Shares are  in the buy zone of a cup-with-handle base.

Devon Energy In Buy Zone Ahead Of Q3 Earnings

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The three major U.S. equity indexes closed solidly higher on Friday. The Dow Jones industrials ended the day up 2.59%, the S&P 500 closed 2.46% higher and the Nasdaq jumped by 2.87%.

Earnings Previews: Airbnb, AMD, Devon Energy, Energy Transfer

Due to increased energy prices and hiked natural gas and oil production levels in the United States, Devon is on the path of reporting strong quarterly results. The company's total upstream capital expenditures increased from $501 million in 1Q 2022 to $513 million in 2Q 2022.

Devon Energy: The Company's Delaware Basin Revenues Will Remain High

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Devon Energy's (DVN) third-quarter earnings are likely to have been driven by a recovery in commodity prices, low-cost operations and a systematic buyback of shares.

What's in the Offing for Devon Energy (DVN) in Q3 Earnings?

Devon Energy's (DVN) third-quarter earnings are likely to be driven by strong production and contributions from acquired assets in the Williston Basin.

Strong Production to Drive Devon Energy's (DVN) Q3 Earnings

Devon Energy will report earnings November 1. We think Devon's Q3 earnings will be solid YoY, but less than Q2. This could create weakness in the stock for a time. A Call strategy addresses that possibility.

Devon Energy: Stick Around, The Fun's Just Begun

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News for Devon Energy Stock (DVN)