Devon Energy Corp (DVN)

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. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Houston, Texas.

Symbol: DVN
Exchange: NYSE
Sector: Energy
Industry: Oil & Gas E&P
Market cap: $44.65B
52 week range: 31.47 - 52.71

Valuation

Share price: $47.65 (close of 2026-10-02)
P/E (TTM): 11.29x
Price to book: 1.07x
Price to free cash flow: 9.51x
Enterprise value: $55.44B
Book value per share: $44.55

Price performance

Period	Change
1 day	+1.04%
5 days	+1.28%
1 month	-2.81%
3 months	+17.74%
6 months	-3.72%
Year to date	+30.08%
1 year	+38.84%
3 years	+4.38%
5 years	+29.45%
10 years	+8.03%
All time	+746.36%

Members of Congress who disclosed DVN trades

Kevin Hern · Jefferson Shreve · Marjorie Taylor Greene · Alan Armstrong · John Boozman · Julia Letlow · Robert Bresnahan

Super investors holding DVN

Christopher Davis (Davis Selected Advisers) · Ken Griffin (Citadel) · John Armitage (Egerton Capital (UK) LLP) · Ray Dalio (Bridgewater Associates) · Yacktman Asset Mgmt (Yacktman Asset Management LP) · Tweedy Browne (Tweedy Browne Company LLC)

Profitability and growth

Return on equity: 17.01%
Return on assets: 8.36%
Net margin: 15.74%
EBITDA margin: 41.83%
Revenue growth: 5.45%
Net income growth: -8.68%
Free cash flow growth: 5.55%

Cash flow and balance sheet

Free cash flow yield (TTM): 10.51%
Current ratio: 0.72x
Net debt to EBITDA: 1.23x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $16.79B
EBITDA: $7.02B
Net income: $2.64B
Earnings per share: $4.18
Shares outstanding: 632.00M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$16.79B	-	$2.64B	$4.18
2024-12-31	$15.92B	-	$2.89B	$4.58
2023-12-31	$15.14B	-	$3.74B	$5.86
2022-12-31	$19.83B	-	$6.03B	$9.15
2021-12-31	$13.75B	-	$2.81B	$4.20
2020-12-31	$4.67B	-	-$2.68B	$-7.12
2019-12-31	$6.67B	$3.86B	-$355.00M	$-0.89
2018-12-31	$8.44B	$4.12B	$3.06B	$6.14
2017-12-31	$3.51B	-$46.00M	$898.00M	$1.71
2016-12-31	$2.77B	-$49.00M	-$1.06B	$-2.09

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	-	15.74%	17.01%	-
2024-12-31	-	18.17%	19.67%	-
2023-12-31	-	24.70%	30.60%	-
2022-12-31	-	30.42%	53.39%	-
2021-12-31	-	20.46%	29.93%	-
2020-12-31	-	-57.35%	-88.77%	-
2019-12-31	57.87%	-5.32%	-6.00%	-
2018-12-31	48.80%	36.31%	33.36%	-
2017-12-31	-1.31%	25.56%	6.37%	-
2016-12-31	-1.77%	-38.10%	-8.30%	-13.83%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$1.38B	$7.39B
2024-12-31	$811.00M	$8.40B
2023-12-31	$853.00M	$5.67B
2022-12-31	$1.31B	$6.19B
2021-12-31	$2.10B	$6.48B
2020-12-31	$2.05B	$4.30B
2019-12-31	$1.46B	$4.29B
2018-12-31	$2.41B	$4.29B
2017-12-31	$2.64B	$6.75B
2016-12-31	$1.95B	$10.15B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$3.12B	$99.00M
2024-12-31	$2.96B	$99.00M
2023-12-31	$2.66B	$93.00M
2022-12-31	$5.99B	$88.00M
2021-12-31	$2.91B	$99.00M
2020-12-31	$311.00M	$88.00M
2019-12-31	$2.01B	$115.00M
2018-12-31	$1.53B	$137.00M
2017-12-31	$2.87B	$126.00M
2016-12-31	$651.00M	$203.00M

Dividend history

Most recent payment: 2026-09-15
Paid in the last twelve months: $1.12

Payment date	Dividend per share
2026-09-15	$0.32
2026-06-15	$0.32
2026-03-13	$0.24
2025-12-15	$0.24
2025-09-15	$0.24
2025-06-13	$0.24
2025-03-14	$0.24
2024-12-13	$0.22

Investor relations

Next earnings report

Next confirmed report: 2026-11-04
Consensus EPS estimate: $1.18

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-08-04	Jun/2026	$1.30
2026-05-05	Mar/2026	$1.00
2026-02-17	Dec/2025	$0.81
2025-11-05	Sep/2025	$0.93
2025-08-05	Jun/2025	$0.83
2025-08-04	-	-
2025-05-06	Mar/2025	$1.27
2025-04-29	-	-

Filings and sources

Company website: devonenergy.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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