Devon Energy Corporation (DVN)
NYSE: DVN · Real-Time Price · USD
48.06
-0.73 (-1.50%)
At close: Sep 4, 2026, 4:00 PM EDT
48.11
+0.05 (0.11%)
After-hours: Sep 4, 2026, 7:54 PM EDT
Devon Energy Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | 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 |
| 6,646 | 4,303 | 3,765 | 4,067 | 4,048 | 4,158 | 4,281 | 3,797 | 3,715 | 3,378 | 3,639 | 4,030 | 3,339 | 3,419 | 4,142 | 5,184 | 5,544 | 4,003 | 4,054 | 3,801 | |
Revenue Growth (YoY) | 64.18% | 3.49% | -12.05% | 7.11% | 8.96% | 23.09% | 17.64% | -5.78% | 11.26% | -1.20% | -12.14% | -22.26% | -39.77% | -14.59% | 2.17% | 36.38% | 88.31% | 72.69% | 200.30% | 229.38% |
Cost of Revenue | 2,891 | 2,224 | 2,063 | 2,147 | 2,256 | 1,922 | 2,060 | 1,912 | 1,699 | 1,485 | 1,655 | 1,917 | 1,558 | 1,409 | 1,717 | 2,260 | 2,155 | 1,412 | 1,674 | 1,720 |
Gross Profit | 3,755 | 2,079 | 1,702 | 1,920 | 1,792 | 2,236 | 2,221 | 1,885 | 2,016 | 1,893 | 1,984 | 2,113 | 1,781 | 2,010 | 2,425 | 2,924 | 3,389 | 2,591 | 2,380 | 2,081 |
Selling, General & Admin | 175 | 125 | 135 | 114 | 113 | 130 | 155 | 117 | 114 | 114 | 111 | 99 | 92 | 106 | 122 | 95 | 84 | 94 | 95 | 95 |
Other Operating Expenses | -582 | 730 | -181 | -65 | -234 | 141 | 125 | -182 | - | 203 | -299 | 207 | 107 | -10 | 88 | -288 | 202 | 660 | -24 | 337 |
Operating Expenses | 1,025 | 1,784 | 849 | 936 | 813 | 1,193 | 1,263 | 733 | 885 | 1,048 | 466 | 960 | 847 | 714 | 848 | 392 | 824 | 1,245 | 653 | 1,013 |
Operating Income | 2,730 | 295 | 853 | 984 | 979 | 1,043 | 958 | 1,152 | 1,131 | 845 | 1,518 | 1,153 | 934 | 1,296 | 1,577 | 2,532 | 2,565 | 1,346 | 1,727 | 1,068 |
Interest Expense | -144 | -118 | -119 | -125 | -126 | -127 | -128 | -98 | -88 | -87 | -87 | -93 | -96 | -93 | -93 | -92 | -93 | -92 | -92 | -93 |
Interest & Investment Income | 22 | 14 | 14 | 18 | 14 | 10 | 16 | 19 | 14 | 13 | 12 | 11 | 15 | 17 | 16 | 19 | 2 | 1 | - | 1 |
Other Non Operating Income (Expenses) | -3 | -5 | -2 | -2 | -4 | -6 | -11 | -9 | -2 | -2 | -2 | 1 | 3 | 4 | 4 | 6 | 7 | 6 | 6 | 6 |
EBT Excluding Unusual Items | 2,605 | 186 | 746 | 875 | 863 | 920 | 835 | 1,064 | 1,055 | 769 | 1,441 | 1,072 | 856 | 1,224 | 1,504 | 2,465 | 2,481 | 1,261 | 1,641 | 982 |
Merger & Restructuring Charges | -246 | -19 | - | - | -9 | -18 | - | - | - | - | - | - | - | - | - | - | - | - | -28 | -18 |
Gain (Loss) on Sale of Assets | 25 | -1 | 1 | 37 | 307 | -2 | 5 | - | -15 | -1 | -11 | - | 41 | - | 29 | - | 14 | 1 | 49 | - |
Asset Writedown | - | - | - | - | - | -254 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other Unusual Items | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20 | - | - | - | - | - |
Pretax Income | 2,384 | 166 | 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 |
Income Tax Expense | 473 | 46 | 185 | 219 | 244 | 137 | 187 | 239 | 185 | 159 | 269 | 152 | 199 | 221 | 349 | 565 | 557 | 267 | 150 | 120 |
Earnings From Continuing Operations | 1,911 | 120 | 562 | 693 | 917 | 509 | 653 | 825 | 855 | 609 | 1,161 | 920 | 698 | 1,003 | 1,204 | 1,900 | 1,938 | 995 | 1,512 | 844 |
Net Income to Company | 1,911 | 120 | 562 | 693 | 917 | 509 | 653 | 825 | 855 | 609 | 1,161 | 920 | 698 | 1,003 | 1,204 | 1,900 | 1,938 | 995 | 1,512 | 844 |
Minority Interest in Earnings | - | - | - | -6 | -18 | -15 | -14 | -13 | -11 | -13 | -9 | -10 | -8 | -8 | -3 | -7 | -6 | -6 | -6 | -6 |
Net Income | 1,911 | 120 | 562 | 687 | 899 | 494 | 639 | 812 | 844 | 596 | 1,152 | 910 | 690 | 995 | 1,201 | 1,893 | 1,932 | 989 | 1,506 | 838 |
Preferred Dividends & Other Adjustments | - | - | - | - | - | - | - | - | - | - | - | - | -8 | 8 | 7 | 17 | 17 | 16 | 19 | 6 |
Net Income to Common | 1,911 | 120 | 562 | 687 | 899 | 494 | 639 | 812 | 844 | 596 | 1,152 | 910 | 698 | 987 | 1,194 | 1,876 | 1,915 | 973 | 1,487 | 832 |
Net Income Growth (YoY) | 112.57% | -75.71% | -12.05% | -15.39% | 6.52% | -17.11% | -44.53% | -10.77% | 20.92% | -39.62% | -3.52% | -51.49% | -63.55% | 1.44% | -19.70% | 125.48% | 656.92% | 361.14% | - | - |
Shares Outstanding (Basic) | 937 | 616 | 621 | 628 | 635 | 645 | 650 | 622 | 626 | 630 | 635 | 637 | 642 | 644 | 653 | 649 | 658 | 656 | 671 | 671 |
Shares Outstanding (Diluted) | 940 | 618 | 622 | 629 | 636 | 646 | 651 | 623 | 628 | 632 | 638 | 639 | 643 | 647 | 655 | 651 | 660 | 658 | 673 | 673 |
Shares Change (YoY) | 47.80% | -4.33% | -4.46% | 0.96% | 1.27% | 2.21% | 2.04% | -2.50% | -2.33% | -2.32% | -2.60% | -1.84% | -2.58% | -1.67% | -2.67% | -3.27% | -2.80% | 1.07% | 75.72% | 78.52% |
EPS (Basic) | 2.04 | 0.19 | 0.90 | 1.09 | 1.42 | 0.77 | 0.98 | 1.31 | 1.35 | 0.95 | 1.81 | 1.43 | 1.09 | 1.53 | 1.83 | 2.89 | 2.91 | 1.48 | 2.22 | 1.24 |
EPS (Diluted) | 2.03 | 0.19 | 0.89 | 1.09 | 1.41 | 0.77 | 0.98 | 1.30 | 1.34 | 0.95 | 1.81 | 1.42 | 1.08 | 1.53 | 1.82 | 2.88 | 2.90 | 1.47 | 2.21 | 1.24 |
EPS Growth (YoY) | 43.97% | -75.16% | -8.48% | -16.15% | 4.98% | -19.13% | -46.11% | -8.45% | 24.11% | -38.05% | -0.50% | -50.69% | -62.72% | 3.58% | -17.52% | 132.27% | 676.84% | 362.23% | - | - |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | 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 |
Free Cash Flow | -373 | 626 | 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 |
Free Cash Flow Per Share | -0.40 | 1.01 | 0.97 | 0.99 | 0.90 | 1.55 | 0.95 | -4.52 | 0.80 | 1.32 | 1.28 | 1.28 | 0.48 | 1.01 | 1.66 | -1.52 | 3.04 | 1.97 | 1.64 | 1.66 |
Dividend Per Share | 0.320 | 0.240 | 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 |
Dividend Growth (YoY) | 33.33% | 0% | 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% |
Gross Margin | 56.50% | 48.32% | 45.21% | 47.21% | 44.27% | 53.78% | 51.88% | 49.64% | 54.27% | 56.04% | 54.52% | 52.43% | 53.34% | 58.79% | 58.55% | 56.40% | 61.13% | 64.73% | 58.71% | 54.75% |
Operating Margin | 41.08% | 6.86% | 22.66% | 24.20% | 24.19% | 25.08% | 22.38% | 30.34% | 30.44% | 25.01% | 41.72% | 28.61% | 27.97% | 37.91% | 38.07% | 48.84% | 46.27% | 33.63% | 42.60% | 28.10% |
Profit Margin | 28.75% | 2.79% | 14.93% | 16.89% | 22.21% | 11.88% | 14.93% | 21.39% | 22.72% | 17.64% | 31.66% | 22.58% | 20.90% | 28.87% | 28.83% | 36.19% | 34.54% | 24.31% | 36.68% | 21.89% |
Free Cash Flow Margin | -5.61% | 14.55% | 15.96% | 15.32% | 14.16% | 24.05% | 14.53% | -74.16% | 13.59% | 24.75% | 22.45% | 20.35% | 9.22% | 19.07% | 26.32% | -19.08% | 36.17% | 32.45% | 27.16% | 29.31% |
EBITDA | 4,146 | 1,199 | 1,743 | 1,863 | 1,893 | 1,955 | 1,929 | 1,946 | 1,899 | 1,567 | 2,143 | 1,805 | 1,596 | 1,911 | 2,199 | 3,120 | 3,106 | 1,843 | 2,312 | 1,654 |
EBITDA Margin | 62.38% | 27.86% | 46.29% | 45.81% | 46.76% | 47.02% | 45.06% | 51.25% | 51.12% | 46.39% | 58.89% | 44.79% | 47.80% | 55.89% | 53.09% | 60.19% | 56.03% | 46.04% | 57.03% | 43.52% |
D&A For EBITDA | 1,416 | 904 | 890 | 879 | 914 | 912 | 971 | 794 | 768 | 722 | 625 | 652 | 662 | 615 | 622 | 588 | 541 | 497 | 585 | 586 |
EBIT | 2,730 | 295 | 853 | 984 | 979 | 1,043 | 958 | 1,152 | 1,131 | 845 | 1,518 | 1,153 | 934 | 1,296 | 1,577 | 2,532 | 2,565 | 1,346 | 1,727 | 1,068 |
EBIT Margin | 41.08% | 6.86% | 22.66% | 24.20% | 24.19% | 25.08% | 22.38% | 30.34% | 30.44% | 25.01% | 41.72% | 28.61% | 27.97% | 37.91% | 38.07% | 48.84% | 46.27% | 33.63% | 42.60% | 28.10% |
Effective Tax Rate | 19.84% | 27.71% | 24.77% | 24.01% | 21.02% | 21.21% | 22.26% | 22.46% | 17.79% | 20.70% | 18.81% | 14.18% | 22.18% | 18.06% | 22.47% | 22.92% | 22.32% | 21.16% | 9.03% | 12.45% |
Revenue as Reported | 7,417 | 3,807 | 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 |