Devon Energy Past Earnings Performance
Past criteria checks 3/6
Devon Energy has been growing earnings at an average annual rate of 45.9%, while the Oil and Gas industry saw earnings growing at 39.5% annually. Revenues have been growing at an average rate of 22.6% per year. Devon Energy's return on equity is 27.8%, and it has net margins of 23.8%.
Key information
45.9%
Earnings growth rate
44.5%
EPS growth rate
| Oil and Gas Industry Growth | 33.7% |
| Revenue growth rate | 22.6% |
| Return on equity | 27.8% |
| Net Margin | 23.8% |
| Next Earnings Update | 05 Nov 2024 |
Recent past performance updates
Recent updates
Devon Energy: 4% Yield, 7X P/E, $5 Billion Stock Buyback (Rating Upgrade)
Sep 23The Market Doesn't Like What It Sees From Devon Energy Corporation's (NYSE:DVN) Earnings Yet
Sep 17
Devon Energy Is An Impressive Portfolio Cornerstone
Sep 168% Return Yield At Potential $80 - Why I Believe Devon Energy Is A Steal
Aug 12Devon Energy Looks Interesting Heading Into Earnings
Aug 04Devon Energy (NYSE:DVN) Seems To Use Debt Quite Sensibly
Jul 28Devon Energy: Averaging Down The Earnings With The Grayson Mill Acquisition
Jul 11Devon Energy: Plenty Of Reasons To Remain Bullish
Jul 03Devon's Undervaluation Remains A Boon As Management Executes Brilliantly - Reiterate Buy
Jun 17The Market Doesn't Like What It Sees From Devon Energy Corporation's (NYSE:DVN) Earnings Yet
Jun 07Estimating The Intrinsic Value Of Devon Energy Corporation (NYSE:DVN)
May 23Devon Energy Believes It Offers 'Incredible Value' - I Agree
May 15Some Analysts Just Cut Their Devon Energy Corporation (NYSE:DVN) Estimates
May 03Devon Energy: The Turnaround Is Just Getting Started
Apr 12Devon Energy: Likely Fairly Valued (Rating Downgrade)
Apr 04Devon Energy: Cash Cow Investors Should Look At This
Mar 25Value Vs. Growth: Why Devon Energy Is The Smarter Investment
Mar 08Devon Energy Changes The Playbook For The Better
Mar 01Devon Energy: Accumulating The Dip
Feb 04These 4 Measures Indicate That Devon Energy (NYSE:DVN) Is Using Debt Extensively
Feb 01Devon Energy Vs. Diamondback Energy: A Battle Of The Permian
Jan 22Calculating The Fair Value Of Devon Energy Corporation (NYSE:DVN)
Jan 14Devon Energy: A Strong E&P Play With Attractive Capital Returns
Jan 06Devon Energy: Shares Fall To Key Support As Oil Bounces Into Mid-$70s
Dec 25Devon Energy: Learn To Love The Variable Dividend
Dec 18After Years Of Strong Upside, Devon Energy Deserves More
Nov 24Devon Energy: Why You Shouldn't Catch This Falling Knife Again (Rating Downgrade)
Nov 17Devon Energy: Love Is In The Air
Oct 18Here's Why Devon Energy (NYSE:DVN) Can Manage Its Debt Responsibly
Oct 18Devon Energy: The Bullish Thesis Could Be Broken - Here's Why I Turned Cautious (Rating Downgrade)
Oct 06Calculating The Intrinsic Value Of Devon Energy Corporation (NYSE:DVN)
Sep 29Devon Energy's (NYSE:DVN) Dividend Will Be Reduced To $0.49
Sep 08Devon Energy: The Path To A 10% Yield And 100% Total Return
Sep 05Devon Energy (NYSE:DVN) Has Announced That Its Dividend Will Be Reduced To $0.49
Aug 25How Devon Energy Positioned Itself For Growth
Aug 17Devon Energy (NYSE:DVN) Has Announced That Its Dividend Will Be Reduced To $0.49
Aug 08Devon Energy Q2: Market Capitulation Presents The Doubling Down Opportunity
Aug 03Does Devon Energy (NYSE:DVN) Deserve A Spot On Your Watchlist?
Jul 30Devon Energy: I Expect A Brief Buying Opportunity Post Earnings
Jul 27Peak Shale: Why I Believe That Devon Energy Could Double
Jul 14We Think Devon Energy (NYSE:DVN) Can Stay On Top Of Its Debt
Jul 12Devon Energy: A Definite Buy Below Management Share Repurchase Prices
Jun 11Estimating The Intrinsic Value Of Devon Energy Corporation (NYSE:DVN)
Jun 01Devon Energy's Weakness Makes It A Valuable Investment
May 28Devon Energy's (NYSE:DVN) Dividend Is Being Reduced To $0.72
May 17Devon Energy Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
May 10We Think Devon Energy (NYSE:DVN) Can Stay On Top Of Its Debt
Mar 31Devon Energy: Time To Add Exposure On Weakness
Feb 22If EPS Growth Is Important To You, Devon Energy (NYSE:DVN) Presents An Opportunity
Feb 21Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Devon Energy makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 14,750 | 3,513 | 457 | 0 |
| 31 Mar 24 | 14,409 | 3,356 | 442 | 0 |
| 31 Dec 23 | 14,427 | 3,747 | 428 | 0 |
| 30 Sep 23 | 14,930 | 3,778 | 448 | 0 |
| 30 Jun 23 | 16,275 | 4,744 | 445 | 0 |
| 31 Mar 23 | 18,289 | 5,972 | 437 | 0 |
| 31 Dec 22 | 18,873 | 5,958 | 424 | 0 |
| 30 Sep 22 | 18,785 | 6,251 | 385 | 0 |
| 30 Jun 22 | 17,402 | 5,207 | 384 | 0 |
| 31 Mar 22 | 14,802 | 3,545 | 387 | 0 |
| 31 Dec 21 | 13,750 | 2,783 | 405 | 0 |
| 30 Sep 21 | 10,413 | 1,218 | 388 | 0 |
| 30 Jun 21 | 7,766 | 279 | 368 | 0 |
| 31 Mar 21 | 5,535 | -653 | 359 | 0 |
| 31 Dec 20 | 4,673 | -2,556 | 353 | 0 |
| 30 Sep 20 | 4,789 | -2,469 | 415 | 0 |
| 30 Jun 20 | 5,196 | -2,226 | 449 | 0 |
| 31 Mar 20 | 6,085 | -1,398 | 481 | 0 |
| 31 Dec 19 | 6,674 | -83 | 515 | 0 |
| 30 Sep 19 | 7,679 | 1,163 | 510 | 0 |
| 30 Jun 19 | 8,194 | 1,157 | 532 | 0 |
| 31 Mar 19 | 8,450 | 421 | 556 | 0 |
| 31 Dec 18 | 8,439 | 546 | 607 | 0 |
| 30 Sep 18 | 8,084 | -786 | 687 | 0 |
| 30 Jun 18 | 7,895 | -743 | 764 | 0 |
| 31 Mar 18 | 8,161 | 27 | 838 | 0 |
| 31 Dec 17 | 6,340 | -148 | 774 | 0 |
| 30 Sep 17 | 9,097 | 3,223 | 1,201 | 0 |
| 30 Jun 17 | 9,974 | 4,032 | 1,131 | 0 |
| 31 Mar 17 | 10,442 | 2,289 | 1,060 | 0 |
| 31 Dec 16 | 6,604 | -174 | 871 | 0 |
| 30 Sep 16 | 10,187 | -8,168 | 676 | 0 |
| 30 Jun 16 | 10,562 | -12,658 | 733 | 0 |
| 31 Mar 16 | 11,586 | -13,915 | 798 | 0 |
| 31 Dec 15 | 12,938 | -12,901 | 1,384 | 0 |
| 30 Sep 15 | 13,708 | -10,330 | 913 | 0 |
| 30 Jun 15 | 15,157 | -5,816 | 910 | 0 |
| 31 Mar 15 | 16,450 | -2,332 | 887 | 0 |
| 31 Dec 14 | 17,217 | 1,590 | 825 | 0 |
| 30 Sep 14 | 16,262 | 2,202 | 730 | 0 |
| 30 Jun 14 | 14,529 | 1,621 | 678 | 0 |
| 31 Mar 14 | 12,342 | 1,635 | 656 | 0 |
| 31 Dec 13 | 10,588 | -22 | 617 | 0 |
| 30 Sep 13 | 10,434 | -587 | 658 | 0 |
Quality Earnings: DVN has high quality earnings.
Growing Profit Margin: DVN's current net profit margins (23.8%) are lower than last year (29.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: DVN has become profitable over the past 5 years, growing earnings by 45.9% per year.
Accelerating Growth: DVN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DVN had negative earnings growth (-25.9%) over the past year, making it difficult to compare to the Oil and Gas industry average (-32.9%).
Return on Equity
High ROE: DVN's Return on Equity (27.8%) is considered high.