Devon Energy Past Earnings Performance
Past criteria checks 3/6
Devon Energy has been growing earnings at an average annual rate of 50.4%, while the Oil and Gas industry saw earnings growing at 22.5% annually. Revenues have been growing at an average rate of 23.3% per year. Devon Energy's return on equity is 31%, and it has net margins of 26%.
Key information
50.4%
Earnings growth rate
45.6%
EPS growth rate
| Oil and Gas Industry Growth | 21.8% |
| Revenue growth rate | 23.3% |
| Return on equity | 31.0% |
| Net Margin | 26.0% |
| Next Earnings Update | 01 May 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
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 |
|---|---|---|---|---|
| 31 Dec 23 | 14,427 | 3,747 | 428 | 0 |
| 30 Sep 23 | 14,930 | 3,789 | 436 | 0 |
| 30 Jun 23 | 16,275 | 4,755 | 433 | 0 |
| 31 Mar 23 | 18,176 | 5,972 | 425 | 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 |
| 30 Jun 13 | 9,679 | -1,732 | 665 | 0 |
Quality Earnings: 0I8W has high quality earnings.
Growing Profit Margin: 0I8W's current net profit margins (26%) are lower than last year (31.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 0I8W has become profitable over the past 5 years, growing earnings by 50.4% per year.
Accelerating Growth: 0I8W's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 0I8W had negative earnings growth (-37.1%) over the past year, making it difficult to compare to the Oil and Gas industry average (-42.1%).
Return on Equity
High ROE: 0I8W's Return on Equity (31%) is considered high.