DVN financials
Devon Energy Corporation · end-of-day data as of Oct 16, 2026
Devon Energy Corporation
$50.73+13.4%
Buy · 31 analystsPT $60.74 +19.7%
DVN reported revenue of $7.42B for the quarter ended Jun 30, 2026 (Q2 FY2026), up 73.1% from a year earlier. It posted diluted EPS of $2.03, free cash flow of -$373M and a net margin of 25.8%.
Valuation
- P/E12.0x
- P/E vs own+18.0%
- P/E vs sector-32.0%
- FCF yield+3.0%
- Market cap$55.8B
Quarterly results
Q2 FY2026: Revenue +73.1% year over year, free cash flow -5.0% of revenue, operating margin 34.5%.
RevenueFree cash flow
| Q2 FY2026 | Jun 30, 2026 | $7.42B | 2.03 | -$373M | 56.0% | 34.5% | 25.8% |
| Q1 FY2026 | Mar 31, 2026 | $3.81B | 0.19 | $626M | 12.1% | 8.2% | 3.2% |
| Q4 FY2025 | Dec 31, 2025 | $4.12B | 0.90 | $601M | 23.8% | 20.4% | 13.6% |
| Q3 FY2025 | Sep 30, 2025 | $4.33B | 1.09 | $820M | 25.5% | 22.7% | 15.9% |
| Q2 FY2025 | Jun 30, 2025 | $4.28B | 1.41 | $589M | 26.0% | 22.9% | 21.0% |
| Q1 FY2025 | Mar 31, 2025 | $4.45B | 0.77 | $1B | 26.8% | 23.6% | 11.1% |
| Q4 FY2024 | Dec 31, 2024 | $4.4B | 0.99 | $622M | 26.1% | 21.4% | 14.5% |
| Q3 FY2024 | Sep 30, 2024 | $4.02B | 1.30 | -$2.82B | 32.8% | 29.8% | 20.2% |
| Q2 FY2024 | Jun 30, 2024 | $3.92B | 1.34 | $516M | 32.0% | 29.0% | 21.5% |
| Q1 FY2024 | Mar 31, 2024 | $3.6B | 0.94 | $836M | 27.5% | 24.1% | 16.6% |
| Q4 FY2023 | Dec 31, 2023 | $4.14B | 1.81 | $825M | 39.6% | 36.7% | 27.8% |
| Q3 FY2023 | Sep 30, 2023 | $3.84B | 1.41 | $820M | 33.1% | 30.6% | 23.7% |