Devon Energy Corporation (DVN) Financials
Key financial figures for Devon Energy Corporation (Q3 2026).
Devon's first full quarter with Coterra produced 1,668,000 Boe/d and $1.42 core EPS, with an initial 2027 outlook and a $4.2 billion Eagle Ford sale pending. Production averaged 1,668,000 Boe per day, within guidance, with oil at 553,000 barrels per day, natural gas liquids at 382,000 barrels per day and gas at 4.4 Bcf per day. Eagle Ford oil volumes were below expectations on completion timing, while Permian Basin oil reached 389,000 barrels per day. Net earnings were $1.0 billion, or $0.88 per diluted share; core earnings were $1.6 billion, or $1.42 per diluted share, versus $1.04 in the third quarter of 2025 (before the Coterra merger closed on May 7). On the outlook: Full-year 2026 production and capital guidance reaffirmed, with the Eagle Ford included through closing. Fourth-quarter 2026: total production of 1,660,000 to 1,700,000 Boe per day, oil production of 550,000 to 560,000 barrels per day, and capital of $1,290 million to $1,395 million. Initial 2027 view, pro forma for the Eagle Ford sale: oil of about 525,000 barrels per day, total production of about 1,600,000 Boe per day and total capital of about $5.3 billion, with full 2027 guidance due with fourth-quarter results in February. Figures are for Q3 2026, as Devon Energy Corporation reported them.
- Revenue
- $6.9B
- Net Income
- $1.0B
- EPS
- $0.88
- Total Assets
- $70.8B
- Operating Cash Flow
- $2.8B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $6.9B | $1.0B | $0.88 | $1.3B | |
| Q2 FY2026 | $7.4B | $1.9B | $2.03 | -$373M | |
| Q1 FY2026 | $3.8B | $120M | $0.19 | $626M | |
| Q4 FY2025 | $4.1B | $562M | $0.90 | $601M | |
| Q3 FY2025 | $4.3B | $687M | $1.09 | $820M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $17.2B | $2.6B | $4.17 | $2.8B | |
| FY2024 | $15.9B | $2.9B | $4.56 | -$853M | |
| FY2023 | $15.3B | $3.7B | $5.84 | $2.6B |
Frequently asked questions
What was Devon Energy Corporation's revenue last quarter?
Devon Energy Corporation reported revenue of $6.86 billion for Q3 FY2026, up 58.4% from the same period a year earlier.
Is Devon Energy Corporation profitable?
Yes. Devon Energy Corporation reported net income of $1.01 billion for Q3 FY2026, a net margin of 14.69% on revenue.
How much free cash flow did Devon Energy Corporation generate?
Devon Energy Corporation generated free cash flow of $1.34 billion in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Devon Energy Corporation on SentiSense, with up to forty quarters and twenty fiscal years of history.