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Devon Energy (DVN) Reports Q4 Earnings: What Key Metrics Have to Say

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For the quarter ended December 2025, Devon Energy (DVN - Free Report) reported revenue of $4.12 billion, down 6.4% over the same period last year. EPS came in at $0.82, compared to $1.16 in the year-ago quarter.

The reported revenue represents a surprise of +2.51% over the Zacks Consensus Estimate of $4.02 billion. With the consensus EPS estimate being $0.81, the EPS surprise was +0.82%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Devon Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Production - Total oil equivalent per day: 851 millions of barrels of oil equivalent per day compared to the 841.1 millions of barrels of oil equivalent per day average estimate based on eight analysts.
  • Average Daily Production - Total Oil: 390 millions of barrels of oil per day versus 386.42 millions of barrels of oil per day estimated by seven analysts on average.
  • Average Daily Production - Total Gas: 1385 millions of cubic feet per day versus 1371.43 millions of cubic feet per day estimated by seven analysts on average.
  • Average Daily Production - Total NGL: 231 millions of barrels of oil per day versus 226.08 millions of barrels of oil per day estimated by seven analysts on average.
  • Average price per bbl - Oil (Realized price, including cash settlements): $59.66 compared to the $61.91 average estimate based on five analysts.
  • Average price per mcf - Gas (Realized price, including cash settlements): $1.58 compared to the $1.89 average estimate based on five analysts.
  • Production - NGL - Delaware Basin: 146 millions of barrels of oil compared to the 133.39 millions of barrels of oil average estimate based on four analysts.
  • NGL (MBbls/d) - Rockies: 51 millions of barrels of oil versus 51.95 millions of barrels of oil estimated by four analysts on average.
  • Production - NGL - Eagle Ford: 10 millions of barrels of oil compared to the 11.36 millions of barrels of oil average estimate based on four analysts.
  • Revenues- Marketing and midstream revenues: $1.36 billion versus $1.41 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3% change.
  • Revenues- Oil, gas and NGL sales: $2.58 billion compared to the $2.93 billion average estimate based on three analysts. The reported number represents a change of -16.5% year over year.
  • Revenues- Oil, gas and NGL derivatives: $184 million compared to the $-27.62 million average estimate based on two analysts. The reported number represents a change of -319.1% year over year.

View all Key Company Metrics for Devon Energy here>>>

Shares of Devon Energy have returned +23.4% over the past month versus the Zacks S&P 500 composite's -1.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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