Devon Energy Corp (DVN) stock
DVNNYSECrude Petroleum & Natural GasFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026Score 8/3026% above fair value
$52.15+0.98 (+1.92%)
Close on Oct 30, 2026Market cap $57.37BP/E 12.4Yield –
Earnings
Devon Energy's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Nov 4, 2026
Q3 FY2026 · estimated, after the close
Revenue, Q2 FY2026
$5.10B
+88.9% on a year earlier
core earnings, Q2 FY2026
$1.57
$0.84 a year earlier
Latest guidance
Lowered
Aug 4, 2026 · 3 items
Quarterly results
Revenue and earnings per share from each of Devon Energy's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q3 FY2026ended Sep 30, 2026 | Nov 4, 2026Expected | – | – | – | – | – |
| Q2 FY2026ended Jun 30, 2026 | Aug 4, 2026after the close | $5.10B | +88.9% | $2.03 | $1.57 | Release |
| Q1 FY2026ended Mar 31, 2026 | May 5, 2026after the close | – | – | $0.19 | $1.04 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 17, 2026after the close | – | – | $0.90 | $0.82 | Release |
| Q3 FY2025ended Sep 30, 2025 | Nov 5, 2025after the close | $2.80B | +3.7% | $1.09 | $1.04 | Release |
| Q2 FY2025ended Jun 30, 2025 | Aug 5, 2025after the close | $2.70B | – | $1.41 | $0.84 | Release |
| Q1 FY2025ended Mar 31, 2025 | May 6, 2025after the close | $3.10B | – | $0.77 | $1.21 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 18, 2025after the close | $3.10B | – | $0.98 | $1.16 | Release |
| Q3 FY2024ended Sep 30, 2024 | Nov 5, 2024after the close | $2.70B | – | $1.30 | $1.10 | Release |
| Q2 FY2024ended Jun 30, 2024 | Aug 6, 2024after the close | – | – | $1.34 | $1.41 | Release |
| Q1 FY2024ended Mar 31, 2024 | May 1, 2024after the close | – | – | $0.94 | $1.16 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 27, 2024after the close | – | – | $1.81 | $1.41 | Release |
| Q3 FY2023ended Sep 30, 2023 | Nov 7, 2023after the close | – | – | $1.42 | $1.65 | Release |
| Q2 FY2023ended Jun 30, 2023 | Aug 1, 2023after the close | – | – | $1.07 | $1.18 | Release |
| Q1 FY2023ended Mar 31, 2023 | May 8, 2023after the close | – | – | $1.53 | $1.46 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 14, 2023after the close | – | – | $1.83 | $1.66 | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 1, 2022after the close | – | – | $2.88 | $2.18 | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 1, 2022during market hours | – | – | $2.93 | $2.59 | Release |
| Q1 FY2022ended Mar 31, 2022 | May 2, 2022after the close | – | – | $1.48 | $1.88 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 15, 2022after the close | – | – | $2.23 | $1.39 | Release |
| Q3 FY2021ended Sep 30, 2021 | Nov 2, 2021after the close | – | – | $1.24 | $1.08 | Release |
| Q2 FY2021ended Jun 30, 2021 | Aug 3, 2021after the close | – | – | – | – | Release |
| Q1 FY2021ended Mar 31, 2021 | May 4, 2021after the close | – | – | – | – | Release |
| Q4 FY2020ended Dec 31, 2020 | Feb 17, 2021after the close | – | – | – | – | Filing |
| Q3 FY2020ended Sep 30, 2020 | Oct 29, 2020after the close | – | – | – | – | Filing |
| Q2 FY2020ended Jun 30, 2020 | Aug 4, 2020after the close | – | – | – | – | Release |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Devon Energy's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Capital spending | Q3 FY2026 | $1.40B – $1.50B | – | New | Aug 4, 2026 |
| oil production | Q3 FY2026 | 550,000 – 560,000 | – | Lowered | Aug 4, 2026 |
| total production | Q3 FY2026 | 1,660,000 – 1,690,000 | – | New | Aug 4, 2026 |
| capital requirements | FY2026 | $3.50B – $3.70B | – | New | Nov 5, 2025 |
| barrels of oil per day | FY2026 | 388,000 | – | Lowered | Nov 5, 2025 |
| total production | FY2026 | 835,000 – 855,000 | – | New | Nov 5, 2025 |
Guidance history
Every forecast Devon Energy put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Aug 4, 2026 | Capital spending | Q3 FY2026 | $1.40B – $1.50B | New |
| Aug 4, 2026 | total production | Q3 FY2026 | 1,660,000 – 1,690,000 | New |
| Aug 4, 2026 | oil production | Q3 FY2026 | 550,000 – 560,000 | Lowered |
| May 5, 2026 | Capital spending | Q2 FY2026 | $900.00M | New |
| May 5, 2026 | production | Q2 FY2026 | 851,000 – 868,000 | New |
| Feb 17, 2026 | Capital spending | Q1 FY2026 | $900.00M | New |
| Feb 17, 2026 | production | Q1 FY2026 | 823,000 – 843,000 | New |
| Nov 5, 2025 | capital | Q4 FY2025 | $890.00M – $950.00M | New |
| Nov 5, 2025 | capital requirements | FY2026 | $3.50B – $3.70B | New |
| Nov 5, 2025 | production | Q4 FY2025 | 828,000 – 844,000 | New |
| Nov 5, 2025 | oil production | Q4 FY2025 | 383,000 – 388,000 | Lowered |
| Nov 5, 2025 | total production | FY2026 | 835,000 – 855,000 | New |
| Nov 5, 2025 | barrels of oil per day | FY2026 | 388,000 | Lowered |
| Aug 5, 2025 | capital guidance | FY2025 | $3.60B – $3.80B | New |
| Aug 5, 2025 | Capital spending | Q3 FY2025 | $900.00M | New |
| Aug 5, 2025 | oil production | FY2025 | 384,000 – 390,000 | New |
| Aug 5, 2025 | total production | FY2025 | 825,000 – 842,000 | Raised |
| Aug 5, 2025 | current tax expense | FY2025 | 10% | New |
| Aug 5, 2025 | oil production | Q3 FY2025 | 384,000 – 390,000 | New |
| May 6, 2025 | Capital spending | Q2 FY2025 | $1.00B | New |
| May 6, 2025 | capital guidance | FY2025 | $3.70B – $3.90B | Lowered |
| May 6, 2025 | oil production | Q2 FY2025 | 381,000 – 387,000 | New |
| May 6, 2025 | oil production forecast | FY2025 | 382,000 – 388,000 | New |
| May 6, 2025 | total production outlook | FY2025 | 810,000 – 828,000 | Raised |
| Feb 18, 2025 | Capital spending | Q1 FY2025 | $1.00B | New |
| Feb 18, 2025 | capital program | FY2025 | $3.80B – $4.00B | New |
| Nov 5, 2024 | capital outlook | Q4 FY2024 | $950.00M | New |
| Nov 5, 2024 | production | Q4 FY2024 | 811,000 – 830,000 | New |
| Aug 6, 2024 | capital spending | Q3 FY2024 | $900.00M | New |
| Aug 6, 2024 | capital range | FY2024 | $3.30B – $3.60B | Reaffirmed |
| Aug 6, 2024 | oil production | Q3 FY2024 | 319,000 – 325,000 | New |
| Aug 6, 2024 | production forecast | FY2024 | 677,000 – 688,000 | Raised |
| May 1, 2024 | capital spending | Q2 FY2024 | $950.00M | New |
| May 1, 2024 | capital spending | FY2024 | $3.30B – $3.60B | Reaffirmed |
| May 1, 2024 | production | Q2 FY2024 | 670,000 – 690,000 | New |
| May 1, 2024 | production forecast | FY2024 | 655,000 – 675,000 | Raised |
| Feb 27, 2024 | capital spending | Q1 FY2024 | $915.00M – $965.00M | New |
| Feb 27, 2024 | capital requirements | FY2024 | $3.30B – $3.60B | Reaffirmed |
| Feb 27, 2024 | production | Q1 FY2024 | 640,000 | New |
| Feb 27, 2024 | oil | Q1 FY2024 | 48% | New |
| Feb 27, 2024 | oil production | FY2024 | 315,000 | Lowered |
| Feb 27, 2024 | total volumes | FY2024 | 650,000 | Raised |
| Nov 7, 2023 | capital | Q4 FY2023 | $870.00M – $930.00M | New |
| Nov 7, 2023 | Capital requirements | FY2024 | $3.30B – $3.60B | New |
| Nov 7, 2023 | gross operated wells | Q4 FY2023 | 100 | New |
| Nov 7, 2023 | Fourth-quarter production | Q4 FY2023 | 640,000 – 660,000 | New |
| Nov 7, 2023 | oil production | Q4 FY2023 | 315,000 | Lowered |
| Nov 7, 2023 | oil production | FY2024 | 315,000 | New |
| Nov 7, 2023 | total volumes | FY2024 | 650,000 | Raised |
| Aug 1, 2023 | capital spending | Q3 FY2023 | $900.00M | New |
| Aug 1, 2023 | Total capital investment | FY2023 | $3.60B – $3.80B | Reaffirmed |
| Aug 1, 2023 | gross wells | Q3 FY2023 | 90 | New |
| Aug 1, 2023 | oil production | Q3 FY2023 | 322,000 – 330,000 | New |
| Aug 1, 2023 | production | FY2023 | 643,000 – 663,000 | Reaffirmed |
| May 8, 2023 | total capital investment | FY2023 | $3.60B – $3.80B | Reaffirmed |
| May 8, 2023 | production | FY2023 | 643,000 – 663,000 | Reaffirmed |
| Feb 14, 2023 | Total capital investment | FY2023 | $3.60B – $3.80B | New |
| Feb 14, 2023 | production | Q1 FY2023 | 635,000 | New |
| Feb 14, 2023 | production | FY2023 | 643,000 – 663,000 | New |
| Nov 1, 2022 | upstream capital outlook | Q4 FY2022 | $835.00M | New |
| Nov 1, 2022 | production forecast | Q4 FY2022 | 640,000 – 660,000 | New |
| Aug 1, 2022 | upstream capital guidance | FY2022 | $2.20B – $2.40B | Raised |
| Aug 1, 2022 | production forecast | FY2022 | 600,000 – 610,000 | Raised |
| Aug 1, 2022 | production per share | FY2022 | +8% | New |
| Aug 1, 2022 | operating cash flow | FY2022 | $9.00B | New |
| May 2, 2022 | upstream capital investment | FY2022 | $1.90B – $2.20B | Reaffirmed |
| May 2, 2022 | production | FY2022 | 570,000 – 600,000 | Reaffirmed |
| Feb 15, 2022 | upstream capital investment | FY2022 | $1.90B – $2.20B | Reaffirmed |
| Feb 15, 2022 | production | Q1 FY2022 | 570,000 | New |
| Feb 15, 2022 | production | FY2022 | 570,000 – 600,000 | Reaffirmed |
| Nov 2, 2021 | upstream capital investment | FY2022 | $1.90B – $2.20B | New |
| Nov 2, 2021 | production | FY2022 | 570,000 – 600,000 | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Devon Energy filed with the SEC as exhibits to Form 8-K or 6-K
- Update
- Results
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- News
- Update
- Update
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- News
- Results
- Results
- Update
- Update
- Results
- Results