Devon EnergyDVNEarnings & Financial Report
Devon Energy Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware with operational headquarters in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its operations are in the Delaware Basin, Eagle Ford Group, and the Rocky Mountains.
Revenue
$4.5B
Gross Profit
N/A
Operating Profit
$840.0M
Net Profit
$639.0M
Gross Margin
N/A
Operating Margin
18.7%
Net Margin
14.2%
YoY Growth
17.4%
EPS
$0.98
Devon Energy Q4 FY2024 Financial Summary
Devon Energy reported revenue of $4.5B (up 17.4% YoY) for Q4 FY2024, with a net profit of $639.0M (down 44.5% YoY) (14.2% margin).
Key Financial Metrics
| Total Revenue | $4.5B |
|---|---|
| Net Profit | $639.0M |
| Gross Margin | N/A |
| Operating Margin | 18.7% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
Devon Energy Q4 FY2024 revenue of $4.5B breaks down across 2 segments, led by Oil Gas And NGL Sales at $3.1B (68.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Oil Gas And NGL Sales | $3.1B | 68.8% |
| Marketing And Midstream Revenues | $1.4B | 31.2% |
Devon Energy Revenue by Segment — Quarterly Trend
Devon Energy revenue by segment across the last 4 reported quarters, showing how each business line (such as Oil Gas And NGL Sales and Marketing And Midstream Revenues) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Oil Gas And NGL Sales | — | $2.6B | $2.8B | $2.7B |
| Marketing And Midstream Revenues | — | $1.4B | $1.4B | $1.3B |
Devon Energy Annual Revenue by Year
Devon Energy annual revenue history includes year-by-year totals (for example, 2025 revenue was $16.8B).
| Year | Annual Revenue |
|---|---|
| 2025 | $16.8B |
| 2024 | $15.9B |
Devon Energy Quarterly Revenue & Net Profit History
Devon Energy results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $3.8B | -14.5% | $120.0M | 3.2% |
| Q4 FY2025 | $3.9B | -12.3% | $562.0M | 14.3% |
| Q3 FY2025 | $4.3B | +12.0% | $687.0M | 16.2% |
| Q2 FY2025 | $4.0B | +4.0% | $899.0M | 22.2% |
| Q1 FY2025 | $4.5B | +21.6% | $494.0M | 10.9% |
| Q4 FY2024 | $4.5B | +17.4% | $639.0M | 14.2% |
| Q3 FY2024 | $3.8B | -5.8% | $812.0M | 21.4% |
| Q2 FY2024 | $3.9B | +10.3% | $844.0M | 21.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.89B | $3.80B | $4.49B | $4.55B | $4.05B | $4.25B | $3.94B | $3.81B |
| YoY Growth | 10.3% | -5.8% | 17.4% | 21.6% | 4.0% | 12.0% | -12.3% | -14.5% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $25.16B | $30.26B | $30.49B | $30.93B | $31.39B | $31.22B | $31.60B | $32.54B |
| Liabilities | $12.61B | $15.99B | $15.99B | $16.38B | $16.33B | $15.87B | $16.07B | $17.11B |
| Equity | $12.55B | $14.28B | $14.50B | $14.54B | $15.06B | $15.35B | $15.53B | $15.43B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $1.53B | $1.66B | $1.66B | $1.94B | $1.54B | $1.69B | $1.53B |