Devon Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	16,038	15,171	15,140	19,827	13,750
Revenue Growth (YoY)	5.71%	0.21%	-23.64%	44.20%	194.24%
Cost of Revenue	8,388	7,156	7,252	8,577	6,369
Gross Profit	7,650	8,015	7,888	11,250	7,381
Selling, General & Admin	492	500	408	395	391
Other Operating Expenses	-312	146	5	563	1,501
Operating Expenses	3,818	3,929	2,987	3,210	4,064
Operating Income	3,832	4,086	4,901	8,040	3,317
Interest Expense	-497	-401	-369	-370	-388
Interest & Investment Income	56	62	55	38	2
Other Non Operating Income (Expenses)	-14	-24	6	23	27
EBT Excluding Unusual Items	3,377	3,723	4,593	7,731	2,958
Merger & Restructuring Charges	-	-	-	-	-258
Gain (Loss) on Sale of Assets	343	-11	30	44	168
Asset Writedown	-254	-	-	-	-
Other Unusual Items	-	-	-	-	30
Pretax Income	3,466	3,712	4,623	7,775	2,898
Income Tax Expense	785	770	841	1,738	65
Earnings From Continuing Operations	2,681	2,942	3,782	6,037	2,833
Net Income to Company	2,681	2,942	3,782	6,037	2,833
Minority Interest in Earnings	-39	-51	-35	-22	-20
Net Income	2,642	2,891	3,747	6,015	2,813
Preferred Dividends & Other Adjustments	-	-	-	57	30
Net Income to Common	2,642	2,891	3,747	5,958	2,783
Net Income Growth	-8.61%	-22.84%	-37.71%	113.83%	-
Shares Outstanding (Basic)	632	632	639	651	663
Shares Outstanding (Diluted)	633	634	642	653	665
Shares Change (YoY)	-0.16%	-1.25%	-1.69%	-1.80%	76.39%
EPS (Basic)	4.18	4.57	5.86	9.15	4.20
EPS (Diluted)	4.17	4.56	5.84	9.12	4.19
EPS Growth	-8.55%	-21.92%	-35.97%	117.66%	-
Free Cash Flow	2,797	-853	2,597	3,405	2,892
Free Cash Flow Per Share	4.42	-1.34	4.04	5.21	4.35
Dividend Per Share	0.960	1.450	2.870	5.170	1.970
Dividend Growth	-33.79%	-49.48%	-44.49%	162.44%	369.05%
Gross Margin	47.70%	52.83%	52.10%	56.74%	53.68%
Operating Margin	23.89%	26.93%	32.37%	40.55%	24.12%
Profit Margin	16.47%	19.06%	24.75%	30.05%	20.24%
Free Cash Flow Margin	17.44%	-5.62%	17.15%	17.17%	21.03%
EBITDA	7,476	7,380	7,484	10,288	5,503
EBITDA Margin	46.61%	48.64%	49.43%	51.89%	40.02%
D&A For EBITDA	3,644	3,294	2,583	2,248	2,186
EBIT	3,832	4,086	4,901	8,040	3,317
EBIT Margin	23.89%	26.93%	32.37%	40.55%	24.12%
Effective Tax Rate	22.65%	20.74%	18.19%	22.35%	2.24%
Revenue as Reported	17,188	15,940	15,258	19,169	12,206

Updated Feb 17, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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