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 40.4% 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 Growth | 33.7% |
| Revenue growth rate | 21.6% |
| Return on equity | 23.8% |
| Net Margin | 23.4% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Devon: Missing Bullish Support - Unloved Status Triggers Rich Upside Potential
Dec 21Drilling Deep, Cashing Big - Devon Energy's Significant Upside Potential
Nov 29Here's Why Devon Energy (NYSE:DVN) Has A Meaningful Debt Burden
Nov 22
Devon Energy: Shareholder Yield Near 9%, Relatively Undervalued, But I'm Not Buying
Oct 23Devon 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 17Devon 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 18Devon Energy: The Bullish Thesis Could Be Broken - Here's Why I Turned Cautious (Rating Downgrade)
Oct 06Devon Energy: The Path To A 10% Yield And 100% Total Return
Sep 05How Devon Energy Positioned Itself For Growth
Aug 17Devon Energy Q2: Market Capitulation Presents The Doubling Down Opportunity
Aug 03Devon Energy: I Expect A Brief Buying Opportunity Post Earnings
Jul 27Peak Shale: Why I Believe That Devon Energy Could Double
Jul 14Devon Energy: A Definite Buy Below Management Share Repurchase Prices
Jun 11Devon Energy's Weakness Makes It A Valuable Investment
May 28Revenue & 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 Sep 24 | 14,529 | 3,404 | 476 | 0 |
| 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 | 3,789 | 448 | 0 |
| 30 Jun 23 | 16,084 | 4,755 | 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 |
Quality Earnings: DVN has a high level of non-cash earnings.
Growing Profit Margin: DVN'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: DVN has become profitable over the past 5 years, growing earnings by 44.9% 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 (-10.2%) over the past year, making it difficult to compare to the Oil and Gas industry average (-14.2%).
Return on Equity
High ROE: DVN's Return on Equity (23.8%) is considered high.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 06:51 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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 74 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.
| Analyst | Institution |
|---|---|
| William Selesky | Argus Research Company |
| Hsulin Peng | Baird |
| Ishan Majumdar | Baptista Research |