We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Devon Energy (DVN) Q2 Earnings: A Look at Key Metrics
Read MoreHide Full Article
Devon Energy (DVN - Free Report) reported $7.42 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 73.1%. EPS of $1.57 for the same period compares to $0.84 a year ago.
The reported revenue represents a surprise of +17.76% over the Zacks Consensus Estimate of $6.3 billion. With the consensus EPS estimate being $1.30, the EPS surprise was +20.77%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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 - Oil - Total: 503 millions of barrels of oil versus 495.17 millions of barrels of oil estimated by seven analysts on average.
Production - Gas - Total: 3252 millions of cubic feet compared to the 2928.31 millions of cubic feet average estimate based on seven analysts.
Production - Total oil equivalent per day: 1359 millions of barrels of oil equivalent per day compared to the 1335.6 millions of barrels of oil equivalent per day average estimate based on seven analysts.
Production - Natural gas liquids - Total: 314 millions of barrels of oil versus 308.4 millions of barrels of oil estimated by six analysts on average.
Realized Prices - Oil (Realized price, including cash settlements): $88.09 versus the four-analyst average estimate of $86.14.
Realized Prices - Gas (Realized price, including cash settlements): $1.05 versus the four-analyst average estimate of $0.98.
Revenues- Marketing and midstream revenues: $1.9 billion compared to the $1.91 billion average estimate based on four analysts. The reported number represents a change of +41.8% year over year.
Revenues- Gas: $104 million versus $250.33 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -41.6% change.
Revenues- Oil: $4.35 billion versus the three-analyst average estimate of $3.89 billion. The reported number represents a year-over-year change of +100.3%.
Revenues- NGL: $648 million versus the three-analyst average estimate of $579.77 million. The reported number represents a year-over-year change of +81%.
Revenues- Oil, gas and NGL derivatives: $414 million versus $-292.48 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +75.4% change.
Revenues- Oil, gas and NGL sales: $5.11 billion versus $4.66 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +88.4% change.
Shares of Devon Energy have returned -2.8% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
View the Zacks #1 Rank List
Image: Bigstock
Compared to Estimates, Devon Energy (DVN) Q2 Earnings: A Look at Key Metrics
Devon Energy (DVN - Free Report) reported $7.42 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 73.1%. EPS of $1.57 for the same period compares to $0.84 a year ago.
The reported revenue represents a surprise of +17.76% over the Zacks Consensus Estimate of $6.3 billion. With the consensus EPS estimate being $1.30, the EPS surprise was +20.77%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:View all Key Company Metrics for Devon Energy here>>>
Shares of Devon Energy have returned -2.8% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.