Devon Energy Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Quarter	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021	Mar '21 Mar 31, 2021
Revenue	4,121	4,331	4,284	4,452	4,403	4,024	3,917	3,596	4,145	3,836	3,454	3,823	4,299	5,432	5,626	3,812	4,273	3,466	2,417	2,050
Revenue Growth (YoY)	-6.40%	7.63%	9.37%	23.80%	6.22%	4.90%	13.41%	-5.94%	-3.58%	-29.38%	-38.61%	0.29%	0.61%	56.72%	132.77%	85.95%	233.83%	224.84%	513.45%	-1.77%
Cost of Revenue	2,250	2,348	2,256	2,348	2,283	1,912	1,896	1,884	1,852	1,917	1,770	1,798	3,376	2,260	2,429	1,942	1,871	1,720	1,478	1,300
Gross Profit	1,871	1,983	2,028	2,104	2,120	2,112	2,021	1,712	2,293	1,919	1,684	2,025	923	3,172	3,197	1,870	2,402	1,746	939	750
Selling, General & Admin	135	114	113	130	155	117	114	114	111	99	92	106	122	95	84	94	95	95	94	107
Depreciation & Amortization Expenses	890	879	914	912	971	794	768	722	650	651	638	615	625	581	528	489	577	578	536	467
Exploration Expenses	5	8	20	10	12	4	3	9	4	3	10	3	13	4	10	2	5	3	3	3
Other Operating Expenses	0	-	-	254	-	-	-	1	-	-	-	-	-	-	-	-	28	18	23	189
Total Operating Expenses	1,030	1,001	1,047	1,306	1,138	915	885	846	765	753	740	724	760	680	622	585	705	694	656	766
Operating Income	841	982	981	798	982	1,197	1,136	866	1,528	1,166	944	1,301	163	2,492	2,575	1,285	1,697	1,052	283	-16
Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	16	-	-	-	-	-	-	-
Interest Expense	-107	-109	-116	-123	-123	-88	-76	-76	-77	-81	-78	-72	-239	-67	-84	-85	-86	-86	-80	-77
Other Non-Operating Income (Expense)	-13	-39	-296	29	27	45	20	22	21	13	-31	6	-29	-40	-4	-62	-51	2	-101	-61
Total Non-Operating Income (Expense)	-120	-148	-412	-94	-96	-43	-56	-54	-56	-68	-109	-66	-252	-107	-88	-147	-137	-84	-181	-138
Pretax Income	747	912	1,161	646	840	1,064	1,040	768	1,430	1,072	897	1,224	1,553	2,465	2,495	1,262	1,662	964	304	-32
Provision for Income Taxes	185	219	244	137	187	239	185	159	269	152	199	221	698	565	557	267	150	120	43	-248
Net Income	562	687	899	494	639	812	844	596	1,152	910	690	995	1,201	1,893	1,932	989	1,506	838	256	213
Minority Interest in Earnings	0	6	18	15	14	13	11	13	9	10	8	8	3	7	6	6	6	6	5	3
Net Income to Common	562	687	899	494	639	812	844	596	1,152	910	690	995	1,201	1,893	1,932	989	1,506	838	256	213
Net Income Growth	-12.05%	-15.39%	6.52%	-17.11%	-44.53%	-10.77%	22.32%	-40.10%	-4.08%	-51.93%	-64.29%	0.61%	-20.25%	125.89%	654.69%	364.32%	-	-	-	-
Shares Outstanding (Basic)	621	628	635	643	650	622	626	629	635	637	638	645	647	649	652	656	671	671	671	649
Shares Outstanding (Diluted)	622	629	636	645	651	623	628	632	638	639	639	647	649	651	654	658	673	673	673	651
Shares Change (YoY)	-4.46%	0.96%	1.27%	2.06%	2.04%	-2.50%	-1.72%	-2.32%	-1.70%	-1.84%	-2.29%	-1.67%	-3.57%	-3.27%	-2.82%	1.07%	75.72%	78.52%	78.52%	72.68%
EPS (Basic)	0.91	1.09	1.42	0.77	0.98	1.31	1.35	0.95	1.81	1.43	1.08	1.53	1.84	2.89	2.94	1.48	2.24	1.24	0.38	0.33
EPS (Diluted)	0.90	1.09	1.41	0.77	0.98	1.30	1.34	0.94	1.81	1.42	1.07	1.53	1.83	2.88	2.93	1.48	2.23	1.24	0.38	0.32
EPS Growth	-8.16%	-16.15%	5.22%	-18.09%	-45.86%	-8.45%	25.23%	-38.56%	-1.09%	-50.69%	-63.48%	3.38%	-17.94%	132.26%	671.05%	362.50%	-	-	-	-
Shares Outstanding	632	629	636	644	651	658	628	633	635.7	641	641	644.4	653	654	655.8	660.7	663	677	677	675
Free Cash Flow	601	623	573	1,000	622	-2,816	505	836	817	820	308	652	1,090	-989	2,005	1,299	1,101	1,114	584	93
Free Cash Flow Growth	-3.38%	-	13.46%	19.62%	-23.87%	-	63.96%	28.22%	-25.05%	-	-84.64%	-49.81%	-1.00%	-	243.32%	1296.77%	697.83%	399.55%	-	-7.00%
Free Cash Flow Per Share	0.97	0.99	0.90	1.55	0.96	-4.52	0.80	1.32	1.28	1.28	0.48	1.01	1.68	-1.52	3.07	1.97	1.64	1.66	0.87	0.14
Dividends Per Share	0.240	0.240	0.240	0.240	0.220	0.440	0.350	0.440	0.770	0.490	0.720	0.890	1.350	1.550	1.270	1.000	0.840	0.490	0.340	0.300
Dividend Growth	9.09%	-45.45%	-31.43%	-45.45%	-71.43%	-10.20%	-51.39%	-50.56%	-42.96%	-68.39%	-43.31%	-11.00%	60.71%	216.33%	273.53%	233.33%	663.64%	345.45%	209.09%	233.33%
Gross Margin	45.40%	45.79%	47.34%	47.26%	48.15%	52.49%	51.60%	47.61%	55.32%	50.03%	48.76%	52.97%	21.47%	58.39%	56.83%	49.06%	56.21%	50.38%	38.85%	36.59%
Operating Margin	20.41%	22.67%	22.90%	17.92%	22.30%	29.75%	29.00%	24.08%	36.86%	30.40%	27.33%	34.03%	3.79%	45.88%	45.77%	33.71%	39.71%	30.35%	11.71%	-0.78%
Profit Margin	13.64%	16.00%	21.41%	11.43%	14.83%	20.50%	21.83%	16.94%	28.01%	23.98%	20.21%	26.24%	28.01%	34.98%	34.45%	26.10%	35.38%	24.35%	10.80%	10.54%
FCF Margin	14.58%	14.38%	13.38%	22.46%	14.13%	-69.98%	12.89%	23.25%	19.71%	21.38%	8.92%	17.05%	25.35%	-18.21%	35.64%	34.08%	25.77%	32.14%	24.16%	4.54%
EBITDA	1,731	1,861	1,895	1,710	1,953	1,991	1,904	1,588	2,178	1,817	1,582	1,916	788	3,073	3,103	1,774	2,274	1,630	819	451
EBITDA Margin	42.00%	42.97%	44.23%	38.41%	44.36%	49.48%	48.61%	44.16%	52.55%	47.37%	45.80%	50.12%	18.33%	56.57%	55.15%	46.54%	53.22%	47.03%	33.88%	22.00%
EBIT	841	982	981	798	982	1,197	1,136	866	1,528	1,166	944	1,301	163	2,492	2,575	1,285	1,697	1,052	283	-16
EBIT Margin	20.41%	22.67%	22.90%	17.92%	22.30%	29.75%	29.00%	24.08%	36.86%	30.40%	27.33%	34.03%	3.79%	45.88%	45.77%	33.71%	39.71%	30.35%	11.71%	-0.78%
Effective Tax Rate	24.77%	24.01%	21.02%	21.21%	22.26%	22.46%	17.79%	20.70%	18.81%	14.18%	22.19%	18.06%	44.95%	22.92%	22.32%	21.16%	9.03%	12.45%	14.14%	775.00%

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

SEC Filings: 10-K · 10-Q