Devon Energy Corporation

LSE:0I8W Stock Report

Market Cap: US$20.2b

Devon Energy Past Earnings Performance

Past criteria checks 2/6

Devon Energy has been growing earnings at an average annual rate of 44.9%, while the Oil and Gas industry saw earnings growing at 23.5% annually. Revenues have been growing at an average rate of 21.6% per year. Devon Energy's return on equity is 23.8%, and it has net margins of 23.4%.

Key information

44.9%

Earnings growth rate

45.8%

EPS growth rate

Oil and Gas Industry Growth21.8%
Revenue growth rate21.6%
Return on equity23.8%
Net Margin23.4%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Devon Energy makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

LSE:0I8W Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2414,5293,4044760
30 Jun 2414,7503,5134570
31 Mar 2414,4093,3564420
31 Dec 2314,4273,7474280
30 Sep 2314,9303,7894480
30 Jun 2316,0844,7554450
31 Mar 2318,2895,9724370
31 Dec 2218,8735,9584240
30 Sep 2218,7856,2513850
30 Jun 2217,4025,2073840
31 Mar 2214,8023,5453870
31 Dec 2113,7502,7834050
30 Sep 2110,4131,2183880
30 Jun 217,7662793680
31 Mar 215,535-6533590
31 Dec 204,673-2,5563530
30 Sep 204,789-2,4694150
30 Jun 205,196-2,2264490
31 Mar 206,085-1,3984810
31 Dec 196,674-835150
30 Sep 197,6791,1635100
30 Jun 198,1941,1575320
31 Mar 198,4504215560
31 Dec 188,4395466070
30 Sep 188,084-7866870
30 Jun 187,895-7437640
31 Mar 188,161278380
31 Dec 176,340-1487740
30 Sep 179,0973,2231,2010
30 Jun 179,9744,0321,1310
31 Mar 1710,4422,2891,0600
31 Dec 166,604-1748710
30 Sep 1610,187-8,1686760
30 Jun 1610,562-12,6587330
31 Mar 1611,586-13,9157980
31 Dec 1512,938-12,9011,3840
30 Sep 1513,708-10,3309130
30 Jun 1515,157-5,8169100
31 Mar 1516,450-2,3328870
31 Dec 1417,2171,5908250
30 Sep 1416,2622,2027300
30 Jun 1414,5291,6216780
31 Mar 1412,3421,6356560
31 Dec 1310,588-226170

Quality Earnings: 0I8W has a high level of non-cash earnings.

Growing Profit Margin: 0I8W's current net profit margins (23.4%) are lower than last year (25.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 0I8W has become profitable over the past 5 years, growing earnings by 44.9% 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 (-10.2%) over the past year, making it difficult to compare to the Oil and Gas industry average (-52.6%).

Return on Equity

High ROE: 0I8W's Return on Equity (23.8%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 20:16
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Devon Energy Corporation is covered by 73 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
Hsulin PengBaird
Ishan MajumdarBaptista Research