Devon Energy Corporation
Description
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
About
CEO
Mr. Richard E. Muncrief
Employees
1,900
Instrument type
Common Stock
Sector
Energy
Industry
Oil & Gas E&P
MIC code
XNYS
Address
333 West Sheridan Avenue, Oklahoma City, OK 73102-5015, United States
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![Enlarged Chart]()
Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 3, 2025 | — | — | — | — |
| Aug 4, 2025 | — | — | — | — |
| Apr 29, 2025 | — | — | — | — |
| Feb 19, 2025 | 0.99 | — | — | — |
| Nov 6, 2024 | 1.09 | 1.10 | 0.01 | 0.92% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 17 | — | 25 |
| Average estimate | — | 1.16 | — | 4.86 |
| Low estimate | — | 0.65 | — | 3.30 |
| High estimate | — | 1.70 | — | 7.22 |
| Last year EPS | — | 1.16 | — | 4.79 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-28.890%
Next qtr. (Mar 2025)
0.340%
Current year
-16.050%
Next year (Dec 2025)
1.400%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 15.26B | 19.17B | 12.21B | 4.83B | 6.22B |
| Cost of revenue | 9.89B | 10.80B | 8.53B | 4.44B | 5.51B |
| Gross profit | 5.37B | 8.37B | 3.68B | 392.00M | 714.00M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 408.00M | 395.00M | 391.00M | 338.00M | 475.00M |
| Other operating expenses | 49.00M | 54.00M | 42.00M | 187.00M | 79.00M |
| Operating income | 4.91B | 7.92B | 3.25B | -133.00M | 160.00M |
| Non operating interest income | |||||
| Income | 55.00M | 38.00M | 2.00M | 12.00M | 33.00M |
| Expense | 369.00M | 370.00M | 388.00M | 259.00M | 260.00M |
| Other income expense | 21.00M | 164.00M | 11.00M | -2.69B | -19.00M |
| Pretax income | 4.62B | 7.78B | 2.90B | -3.09B | -109.00M |
| Tax provision | 841.00M | 1.74B | 65.00M | -547.00M | -30.00M |
| Net income | 3.78B | 6.04B | 2.83B | -2.67B | -353.00M |
| Basic EPS | 5.86 | 9.15 | 4.20 | -7.12 | -0.89 |
| Diluted EPS | 5.84 | 9.12 | 4.19 | -7.12 | -0.89 |
| Basic average shares | 639.00M | 657.25M | 663.00M | 377.00M | 407.00M |
| Diluted average shares | 639.00M | 657.25M | 663.00M | 377.00M | 407.00M |
| EBITDA | 7.52B | 10.32B | 5.47B | 1.17B | 1.68B |
| Net income from continuing op. | 3.78B | 6.04B | 2.83B | -2.67B | -353.00M |
| Minority interests | -35.00M | -22.00M | -20.00M | -9.00M | -2.00M |
| Preferred stock dividends | — | 57.00M | 30.00M | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 24.49B | 23.72B | 21.03B | 9.91B | 13.72B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 875.00M | 1.45B | 2.10B | 2.05B | 1.46B |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 1.57B | 1.77B | 1.54B | 601.00M | 832.00M |
| Other receivables | — | — | — | — | — |
| Inventory | 249.00M | 201.00M | 114.00M | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | 140.00M | 172.00M | 190.00M | 380.00M |
| Assets held for sale | — | — | — | — | 896.00M |
| Hedging assets | — | — | — | — | — |
| Other current assets | 460.00M | 469.00M | 321.00M | 248.00M | 232.00M |
| Non current assets | |||||
| Properties | 2.56B | 2.50B | 2.37B | 1.96B | 1.97B |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -30.90B | -28.46B | -26.26B | -24.33B | -21.38B |
| Goodwill | 1.51B | 1.51B | 1.51B | 1.51B | 1.51B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 666.00M | 440.00M | 402.00M | 12.00M | — |
| Other non current assets | 319.00M | 307.00M | 378.00M | 271.00M | 277.00M |
| Total liabilities | 12.27B | 12.43B | 11.63B | 6.89B | 7.80B |
| Current liabilities | |||||
| Accounts payable | 760.00M | 859.00M | 500.00M | 242.00M | 428.00M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | 483.00M | 251.00M | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | 484.00M | 489.00M | 1.13B | 536.00M | 769.00M |
| Non current liabilities | |||||
| Long term debt | 5.97B | 6.45B | 6.73B | 4.54B | 4.54B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 1.84B | 1.46B | 287.00M | — | 341.00M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 876.00M | 900.00M | 1.05B | 551.00M | 426.00M |
| Shareholders equity | |||||
| Common stock | 64.00M | 65.00M | 66.00M | 38.00M | 38.00M |
| Retained earnings | 6.20B | 4.30B | 1.69B | 208.00M | 3.15B |
| Other shareholders equity | -124.00M | -116.00M | -132.00M | -127.00M | -119.00M |
| Total shareholders equity | 12.22B | 11.30B | 9.40B | 3.02B | 5.92B |
| Additional paid in capital | 5.94B | 6.92B | 7.64B | 2.77B | 2.74B |
| Treasury stock | 13.00M | — | — | — | — |
| Minority interest | 156.00M | 129.00M | 137.00M | 134.00M | 118.00M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 3.78B | 6.04B | 2.83B | -2.67B | -353.00M | 3.22B | 1.08B | -1.46B | -13.65B | 1.69B | -20.00M | -206.00M | 4.70B | 4.55B | -2.75B | -3.04B | 3.61B | 2.85B | 2.93B | 2.19B | 1.73B | 59.00M | 23.00M | 661.00M | -150.00M | -235.90M | -300.00M | 67.60M | 14.50M | 13.70M | 19.20M | 14.60M | -15.00M | 2.60M | 900,000 |
| Depreciation | 2.55B | 2.22B | 2.16B | 1.30B | 1.50B | 1.23B | 1.01B | 1.59B | 4.02B | 3.32B | 2.78B | 2.81B | 2.25B | 1.93B | 2.11B | 3.20B | 2.86B | 2.23B | 1.92B | 2.23B | 1.79B | 1.21B | 865.00M | 703.00M | 423.00M | 243.10M | 169.10M | 70.30M | 38.10M | 34.10M | 28.40M | 19.90M | 7.80M | 8.00M | 7.30M |
| Deferred Taxes | 376.00M | 1.18B | 49.00M | -328.00M | -25.00M | 247.00M | -2.00M | 43.00M | -5.98B | 1.89B | 97.00M | -184.00M | 2.30B | 719.00M | -2.01B | -1.56B | 578.00M | 408.00M | 448.00M | 370.00M | 321.00M | -216.00M | -43.00M | 257.00M | -73.00M | -122.40M | -200.70M | 43.30M | 300,000 | 7.20M | 5.30M | 3.60M | -6.20M | 1.30M | 500,000 |
| Stock-Based Compensation | 93.00M | 88.00M | 99.00M | 88.00M | 115.00M | 137.00M | 126.00M | 203.00M | 244.00M | 163.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 26.00M | -1.40B | -1.47B | 481.00M | 467.00M | -2.92B | -911.00M | 1.03B | 3.05B | 334.00M | 309.00M | 274.00M | -2.33B | -2.00B | 288.00M | 10.05B | 206.00M | 712.00M | 451.00M | 132.00M | — | — | — | — | -100,000 | 100,000 | — | -100,000 | — | 100,000 | 100,000 | — | — | — | — |
| Accounts Receivable | 191.00M | -142.00M | -526.00M | 104.00M | -25.00M | -69.00M | -139.00M | -58.00M | 1.33B | -339.00M | -259.00M | 85.00M | -185.00M | 23.00M | 142.00M | 187.00M | -329.00M | 91.00M | -151.00M | -318.00M | -164.00M | -80.00M | 135.00M | -272.00M | -92.00M | 30.80M | -17.40M | -24.50M | 1.20M | 100,000 | 2.10M | -3.00M | 1.70M | 1.30M | -1.80M |
| Accounts Payable | — | — | — | -38.00M | -54.00M | -3.00M | 91.00M | -196.00M | -190.00M | -68.00M | 26.00M | -8.00M | 64.00M | 37.00M | -91.00M | 159.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | — | -236.00M | -129.00M | -142.00M | 29.00M | -235.00M | -84.00M | 339.00M | -596.00M | -18.00M | 71.00M | -77.00M | -298.00M | -390.00M | 137.00M | -266.00M | -310.00M | -115.00M | -87.00M | 46.00M | -10.00M | -23.00M | -258.00M | 43.00M | -22.00M | -5.00M | -3.00M | -2.50M | 1.00M | 100,000 | -900,000 | -500,000 | -600,000 | -600,000 | -700,000 |
| Operating Cash Flow | 7.02B | 7.75B | 3.01B | -1.21B | 1.65B | 1.61B | 1.17B | 1.49B | -11.76B | 6.97B | 3.00B | 2.70B | 6.50B | 4.87B | -2.18B | 8.74B | 6.61B | 6.17B | 5.52B | 4.64B | 3.67B | 951.00M | 722.00M | 1.39B | 85.90M | -89.30M | -352.00M | 154.10M | 55.10M | 55.30M | 54.20M | 34.60M | -12.30M | 12.60M | 6.20M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | -38.00M | -2.54B | 61.00M | 26.00M | 359.00M | 445.00M | 381.00M | 2.17B | -1.00B | -1.34B | 163.00M | 1.47B | 129.00M | 4.31B | 34.00M | 117.00M | -6.08B | -7.31B | -1.66B | -2.96B | -2.41B | -2.04B | -5.29B | -1.18B | -769.00M | -647.80M | -107.70M | -253.60M | -108.20M | -31.00M | -74.20M | -14.50M | -10.20M | -27.30M | -11.00M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | 344.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -53.00M | -76.00M | -25.00M | — | — | — | — | — | — | — | -1.08B | -4.11B | -6.69B | -145.00M | — | -50.00M | -934.00M | -2.40B | -4.02B | -3.22B | — | — | — | — | — | — | -32.40M | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | 190.00M | — | — | 57.00M | 3.42B | 3.27B | 5.33B | — | 7.00M | 580.00M | 1.14B | 2.50B | 4.31B | 2.59B | — | — | — | 13.00M | — | 42.60M | — | 17.00M | — | — | — | — | — | — | — |
| Investing Cash Flow | -91.00M | -2.62B | 380.00M | 26.00M | 359.00M | 445.00M | 559.00M | 2.15B | -1.02B | -1.20B | 2.50B | 642.00M | -1.26B | 4.17B | 24.00M | 927.00M | -5.88B | -7.20B | -1.38B | -6.80B | -2.43B | -2.05B | -5.29B | -1.17B | -768.00M | -607.30M | -147.60M | -243.50M | -110.60M | -73.40M | -74.20M | -140.60M | -10.20M | -24.70M | -11.00M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | 2.38B | 2.15B | 4.77B | 5.34B | 2.23B | 3.21B | 2.22B | — | 1.19B | 1.74B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -242.00M | — | -1.24B | — | -162.00M | -922.00M | — | -3.12B | -2.94B | -7.56B | -1.87B | -1.29B | -1.76B | -1.78B | -178.00M | -4.22B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -105.00M | -116.00M | -145.00M | -11.00M | 90.00M | -350.00M | -46.00M | -300.00M | -302.00M | -195.00M | 4.00M | 5.00M | 13.00M | 16.00M | 8.00M | 60.00M | 44.00M | 36.00M | — | — | 1.00M | — | — | -51.00M | 14.00M | 6.80M | 6.20M | 1.40M | 6.60M | — | — | — | 100,000 | — | — |
| Financing Cash Flow | -3.18B | -4.21B | -3.29B | -306.00M | -2.06B | -4.38B | 2.70B | -651.00M | 1.51B | -2.78B | -1.86B | 1.07B | 1.59B | -4.65B | 1.16B | -3.41B | -450.00M | -353.00M | -2.29B | -28.00M | 107.00M | -9.00M | -191.00M | -18.00M | 522.00M | -7.70M | -204.30M | 144.30M | 4.80M | -2.20M | -900,000 | 85.40M | -2.70M | -2.00M | 27.70M |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 875.00M | 1.45B | 2.27B | 2.24B | 1.84B | 2.45B | 2.68B | 1.96B | 2.31B | 1.48B | 6.07B | 4.64B | 5.56B | 3.29B | 1.01B | 384.00M | 1.37B | 756.00M | 1.61B | 1.15B | 1.27B | 292.00M | 183.00M | 194.00M | 173.00M | 31.30M | 42.10M | — | — | — | — | — | — | — | — |
| Income Tax Paid | 400.00M | 438.00M | — | 171.00M | 6.00M | 40.00M | 78.00M | — | — | 899.00M | 13.00M | 100.00M | — | 955.00M | 68.00M | 1.44B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 378.00M | 370.00M | 404.00M | 259.00M | 308.00M | 385.00M | 481.00M | 569.00M | 497.00M | 514.00M | 406.00M | 334.00M | 325.00M | 359.00M | 314.00M | 336.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 2.60B | 3.41B | 2.89B | 193.00M | 130.00M | 533.00M | 1.25B | -733.00M | -996.00M | -7.43B | -1.32B | -3.27B | -1.31B | -998.00M | -142.00M | 565.00M | 493.00M | -1.35B | 1.80B | 1.76B | 1.18B | -1.67B | -3.42B | 309.00M | -351.00M | -378.30M | -34.90M | -124.50M | -56.30M | 10.80M | -21.60M | 14.60M | -2.70M | -17.20M | -9.50M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 19,821,843 | 682.27M | 3.02% |
| Vanguard 500 Index Fund | Sep 30, 2024 | 16,401,311 | 564.53M | 2.50% |
| Select Sector SPDR Fund-Energy Select | Nov 30, 2024 | 16,175,617 | 556.76M | 2.46% |
| Vanguard Mid-Cap Index Fund | Sep 30, 2024 | 13,259,677 | 456.40M | 2.02% |
| Pacer U.S. Cash Cows 100 ETF | Oct 31, 2024 | 11,620,027 | 399.96M | 1.77% |
| SPDR S&P 500 ETF Trust | Nov 30, 2024 | 7,741,506 | 266.46M | 1.18% |
| Fidelity 500 Index Fund | Nov 30, 2024 | 7,737,866 | 266.34M | 1.18% |
| iShares Core S&P 500 ETF | Nov 30, 2024 | 7,077,507 | 243.61M | 1.08% |
| Undiscovered Managers Behavioral Value Fund | Sep 30, 2024 | 6,026,936 | 207.45M | 0.92% |
| Victory Portfolios-Sycamore Established Value Fund | Sep 30, 2024 | 5,625,000 | 193.61M | 0.86% |
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