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

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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

ZIM Integrated Shipping Services

ZIM and Devon Energy have experienced volatile operations as a result of rapidly changing consumer behavior.

Best Stocks to Buy: ZIM vs. Devon Energy

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A widening gap between supply and demand should push oil prices higher. Higher oil prices will give Devon more cash to pay dividends.

A Bull Market Is Coming: 3 Reasons to Buy Devon Energy Stock

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The independent oil producer has been a massive winner. But these two alternative stocks look like better buys right now.

Devon Energy: 2 Better Dividend Stocks to Buy Now

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The energy company has a unique dividend payout strategy.

What's Going On With Devon Energy Stock?

The statement signals great news for Devon Energy stock investors.

You Won't Believe What Devon Energy's CEO Just Said

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This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here.

5 Second-Rate Stocks to Sell While You Still Can

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Diamondback Energy

The major oil benchmarks have traded in a tight range this year, and one reason it has had a hard time breaking out to the upside is worries over demand from China.

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V.F.

Prior to May 31, 2023 my readers mentioned 38 equities in their comments on my articles. Some bad-news investments (rogues) mixed with (mostly) favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: PM, NRIM, CTRA, PXD, DVN, HTBK, BRSP, VFC, CHK, and PBR, averaged 38.47% net gains from reader data collected 6/14/23. Ten analyst-target-augured May TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: TSN, PM, NRIM, PXD, CTRA, DVN, BRSP, HTBK, CHK, & VSP, boasting a 27.76% average target price upside estimate.

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The overall energy market has seen a decline since the end of 2022. Stocks within the energy and oil and gas sectors saw a large amount of growth in 2022 while the broader was falling.

Get Out Now! 3 Energy Stocks That Are Poised to Plunge

Enterprise Products Partners

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These 3 High-Yield Dividend Stocks Could Be About to Skyrocket

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An analyst at Goldman Sachs recently upgraded Devon Energy stock to buy. That analyst isn't the only one holding the view that shares look like a good buy right now.

Time to Buy Devon Energy? This Top Wall Street Investment Bank Seems to Think So

In this four-part series, I will review how to structure a dividend investor's oil and energy portfolio with my oil and energy playbook. Part 3 will discuss the general strategy and our third position, the wide receiver. The wide receiver position requires discipline in selecting entry points. The investor must understand that the stock price and the dividend will be volatile.

The Dividend Investor's Oil Playbook - Part 3

Fintel reports that on June 13, 2023, Goldman Sachs upgraded their outlook for Devon Energy (NYSE:DVN) from Neutral to Buy.

Goldman Sachs Upgrades Devon Energy

Shares of Devon Energy Corp DVN saw an uptick Tuesday, boosted by Goldman Sachs Group‘s upgrade from Neutral to Buy; here's what investors need to know.

How To Earn $500 Monthly From Devon Energy Stock - Devon Energy (NYSE:DVN)

Devon Energy Corporation has fallen to yearly lows on lower oil prices. The energy company has a larger forecast dividend at the current WTI price, plus offering the potential for share buybacks. Devon Energy stock is cheap compared to energy peers at 7x EPS targets, though investors should expect a dip in forecasts.

Devon Energy: Reduced-Risk Buy

DVN has outperformed expectations with stellar capital allocation across strategic acquisition and capex for production growth. The shareholder returns have been more than decent as well, with the retirement of share count through buybacks, moderate SBC expenses, and fixed-variable dividends. The management has also demonstrated a well-balanced multi-pronged strategy toward future growth, thanks to hyper-pandemic profitability.

Devon Energy: A Definite Buy Below Management Share Repurchase Prices

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Devon Energy's fortunes hinge on oil prices. AT&T faces big challenges, but its dividend should be safe for now.

Wall Street Thinks These 3 High-Yield Dividend Stocks Could Soar 26% to 34%

Devon Energy is an energy producer with a performance-linked dividend. Enterprise Products Partners is a midstream player with a business built around fees.

Better Buy: Devon Energy vs. Enterprise Products Partners

News for Devon Energy Stock (DVN)