Devon Energy (DVN Quick QuoteDVN - Free Report) reported $6.86 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 58.4%. EPS of $1.42 for the same period compares to $1.04 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $7.33 billion, representing a surprise of -6.39%. The company delivered an EPS surprise of +14.52%, with the consensus EPS estimate being $1.24.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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 - Natural gas liquids - Total: 382 millions of barrels of oil versus the nine-analyst average estimate of 373.02 millions of barrels of oil.
• Production - Gas - Total: 4400 millions of cubic feet versus 4503.21 millions of cubic feet estimated by nine analysts on average.
• Production - Oil - Total: 553 millions of barrels of oil versus the nine-analyst average estimate of 557.24 millions of barrels of oil.
• Production - Total oil equivalent per day: 1668 millions of barrels of oil equivalent per day compared to the 1682.14 millions of barrels of oil equivalent per day average estimate based on nine analysts.
• Realized Prices - Oil (Realized price without hedges): $84.69 versus the four-analyst average estimate of $81.09.
• Realized Prices - Natural gas liquids (Realized price, including cash settlements): $23.81 compared to the $21.78 average estimate based on four analysts.
• Revenues- NGL: $836 million compared to the $723.57 million average estimate based on four analysts. The reported number represents a change of +134.8% year over year.
• Revenues- Marketing and midstream revenues: $1.84 billion versus the four-analyst average estimate of $2.28 billion. The reported number represents a year-over-year change of +27.3%.
• Revenues- Oil, gas and NGL sales: $5.94 billion compared to the $5.48 billion average estimate based on three analysts. The reported number represents a change of +111.4% year over year.
• Revenues- Gas: $796 million versus the three-analyst average estimate of $638.13 million. The reported number represents a year-over-year change of +328%.
• Revenues- Oil: $4.31 billion versus the three-analyst average estimate of $4.09 billion. The reported number represents a year-over-year change of +90%.
• Revenues- Oil, gas and NGL derivatives: $-914 million versus $-58.68 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1242.5% change.

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

Shares of Devon Energy have returned -12.4% over the past month versus the Zacks S&P 500 composite's -5.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.