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	17,188	15,940	15,258	19,169	12,206
Revenue Growth (YoY)	7.83%	4.47%	-20.40%	57.05%	152.82%
Cost of Revenue	9,202	7,975	7,337	8,577	6,369
Gross Profit	7,986	7,965	7,921	10,592	5,837
Selling, General & Admin	492	500	408	395	391
Depreciation & Amortization Expenses	3,595	3,255	2,554	2,223	2,158
Exploration Expenses	43	28	20	29	14
Other Operating Expenses	254	-	-	-	258
Total Operating Expenses	4,384	3,783	2,982	2,647	2,821
Operating Income	3,602	4,182	4,939	7,945	3,016
Interest Expense	-455	-363	-308	-309	-329
Other Non-Operating Income (Expense)	-319	107	8	-139	-211
Total Non-Operating Income (Expense)	-774	-256	-300	-448	-540
Pretax Income	3,466	3,712	4,623	7,775	2,898
Provision for Income Taxes	785	770	841	1,738	65
Net Income	2,642	2,891	3,747	6,015	2,813
Minority Interest in Earnings	39	51	35	22	20
Net Income to Common	2,642	2,891	3,747	6,015	2,813
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	4.58	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%	-
Shares Outstanding	632	651	635.7	653	663
Free Cash Flow	2,797	-853	2,597	3,405	2,892
Free Cash Flow Growth	-	-	-23.73%	17.74%	854.45%
Free Cash Flow Per Share	4.42	-1.35	4.05	5.21	4.35
Dividends 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	46.46%	49.97%	51.91%	55.26%	47.82%
Operating Margin	20.96%	26.24%	32.37%	41.45%	24.71%
Profit Margin	15.60%	18.46%	24.79%	31.49%	23.21%
FCF Margin	16.27%	-5.35%	17.02%	17.76%	23.69%
EBITDA	7,197	7,437	7,493	10,168	5,174
EBITDA Margin	41.87%	46.66%	49.11%	53.04%	42.39%
EBIT	3,602	4,182	4,939	7,945	3,016
EBIT Margin	20.96%	26.24%	32.37%	41.45%	24.71%
Effective Tax Rate	22.65%	20.74%	18.19%	22.35%	2.24%

Updated Feb 17, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q