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

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Earnings data Q4 2022

Earnings data Q1 2023

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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.

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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With the market seemingly poised for a rotation out of high-risk assets toward more reasonable fare, unloved value stocks may have a chance to finally secure their time in the spotlight. Basically, the good times of any artificial intelligence-based technology firm soaring higher may be ending.

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The biggest energy news of 2023 was the recent decision by ExxonMobil to buy Pioneer Natural Resources (PXD) in a $60 billion deal. This buyout could trigger additional M&A activity in the energy sector as cash-rich seek to boost their scale and shareholder returns.

Devon Energy stock: a good speculative buy after PXD buyout

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Devon Energy has a clear path to higher cash flows in today's oil environment. Kinder Morgan has taken a conservative spending route that benefits income investors.

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Exxon Mobil

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As tensions escalate between Israel and the Hamas group, it has been revealed US congressional leaders have been making some strategic investment moves into military-related stocks.

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Devon Energy's stock has fallen nearly 19% in the past month, creating a price to value dislocation. The price decline is illogical compared to other producers and despite high crude prices. Devon Energy's high level of public versus institutional ownership makes its share price more susceptible to volatility.

Devon Energy: Time To Go Bear Hunting

Devon Energy trades at multi-year lows despite a potential mega-merger in the energy space and a spike in oil prices. Exxon Mobil potentially bidding for Pioneer Natural Resources should make Devon Energy a more scarce resource. Devon Energy is a cheaper investment option and a good place for Pioneer investors to roll over profits from an Exxon Mobil bid.

Devon Energy: Ignored Oil Play

Devon Energy Corporation has been heavily impacted by the financial markets, down 30% YoY and 40% from its peak in late 2022. Despite the market's negative sentiment, Devon is producing great wells and increasing production across its shale portfolio. While revenues and margins have dropped, Devon still generated significant EBITDA, OCF, and free cash flow in Q2 2023. ROCE also outperforms some competitors.

Devon Energy: You Might Think

Exxon Mobil is reportedly finalizing a deal to purchase Pioneer Natural Resources in a $60 billion deal. The oil and gas upstream sector has seen a boom in mergers and acquisitions, with $24 billion in activity in Q2 2023. Devon Energy Corporation, one of the worst-performing large-cap oil & gas stocks, may present a major opportunity for investors.

Is Devon Energy The Next Target Of An Energy Mega-Merger?

Devon Energy Corporation stock has experienced significant downward volatility as sellers have rejected further buying advances. The stock has underperformed compared to its sector and E&P peers, with a total return of nearly -36% over the past year. Despite its solidly profitable business model and low-cost acreage, DVN failed to participate in the recent energy market resurgence.

Devon Energy: The Bullish Thesis Could Be Broken - Here's Why I Turned Cautious (Rating Downgrade)

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Pioneer Natural Resources is in play, with the Wall Street Journal reporting that Exxon Mobil is close to making a bid to buy out its smaller competitor. So that raises the question: which other oil companies might be undervalued in this market?

These oil stocks are looking cheap as Exxon Mobil reportedly mulls a bid for Pioneer

Devon Energy's variable dividend should start heading higher. Pioneer Natural Resources will have more cash to return to shareholders.

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It's possible to score 5% yields on CDs. So to even consider dividend paying S&P 500 stocks the yield had better be impressive.

Only 11 Stocks' Dividends Can Now Beat Treasuries' 4.68% Yield

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These five stocks could hardly be more different, but they have one important thing in common: All look like great buys in October 2023. From retail to biotech, these stocks showcase their resilience and strategic adaptability amid unpredictable market fluctuations.

5 Top Stocks for October

Devon Energy expects its capital spending to decline next year, driven by lower capital costs. Occidental Petroleum plans to hold its production flat since OPEC drives the current market imbalance.

These Top Oil Stocks Plan to Sit Back and Cash In on Higher Crude Prices

Enphase Energy

If the price of oil increases, then this company's dividend is likely to follow. Enphase Energy is a renewable energy business that generates impressive free cash flow.

2 Stocks Down 25% and 53% to Buy Right Now

The 2022 bear market saw oil stocks shining due to rising oil prices spurred by inflation and geopolitical events. However, 2023 has seen oil prices halve from their 2022 highs, impacting oil stocks negatively.

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“Value ranking, looks at the price of a stock relative to. intrinsic firm value. Graham Value Stocks match the criteria . Benjamin Graham followed. “—YCharts Value Screener. 66 August Value large caps and Graham formula-derived results reflect established value-stock detection-criteria. Of those, 56 met the dogcatcher-outrageous-ideal of dividends from $1K invested exceeding single-share-stock-prices. Representing nine-of-eleven Morningstar Sectors, all 56 ideal value-picks pay regular-dividends. Broker-target-top-ten net-gains ranged 33.15%-84.12%, topped by PDM & SQM, as-of 9/22/23.

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Hess Midstream Partners

ConocoPhillips is the safest way to play the oil and gas market. Despite the recent dividend cut, Devon Energy is still attractive for income-seeking investors.

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News for Devon Energy Stock (DVN)