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Devon Energy USD

Update

Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.

Sector: Oil & gas

Geography: United States (Permian Basin, Eagle Ford, Anadarko Basin)

COMM_DVN

Price chart

45.31 USDDay 1.57%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
45.31 USD · 1.57%
Market cap
28.2 bn USD

Growth

Δ revenue y/y
-14.5%
Δ EBITDA y/y
-31.3%

Multiples

P/E (LTM)
12.4x
3y avg: 7.7x
P/B (FY)
1.8x
P/E (ann.)
58.7x
EV/EBITDA (LTM)
5.5x
3y avg: 4.4x
EV/EBITDA (ann.)
8.4x

Cash return

Dividend yield
2.1%
FCF yield (LTM)
7.6%

Value creation

to fair market cap at the current EV/EBITDA
Upside (potential)

Liquidity

Daily turnover (listing)
580.7 mln USD

Shares: yahoo_fundamentals_timeseries/DVN

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 2 / Warn: 13 / Err: 0 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-03-31 Q1Warn 1
2023-06-30 Q2Warn 1
2023-09-30 Q3Warn 1
2023-12-31 FYWarn 1
2023-12-31 Q4OK
2024-03-31 Q1Warn 1
2024-06-30 Q2Warn 1
2024-09-30 Q3Warn 2
2024-12-31 FYWarn 1
2024-12-31 Q4OK
2025-03-31 Q1Warn 1
2025-06-30 Q2Warn 1
2025-09-30 Q3Warn 1
2025-12-31 FYWarn 1
2026-03-31 Q1Warn 1
All checks pass · Has warnings (review) · Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-03-31Q1 2026 (3M)OK3.8
y/y -14.5%
0.2
y/y -74.3%
0.9
y/y -0.9%
1.1
y/y -31.3%
0.1
y/y -75.7%
1.7-0.832.5
y/y 5.2%
15.4
y/y 6.1%
3.1%7.7Link
2025-12-31Q4 2025 (3M)OK4.1
y/y -6.4%
0.7
y/y -11.1%
0.9
y/y -8.3%
1.6
y/y -9.6%
0.6
y/y -12.1%
1.5-0.831.6
y/y 3.6%
15.5
y/y 7.1%
17.1%8.1Link
2025-09-30Q3 2025 (3M)OK4.3
y/y 7.6%
0.9
y/y -14.3%
0.9
y/y 10.7%
1.8
y/y -3.6%
0.7
y/y -15.4%
1.7-0.931.2
y/y 3.2%
15.3
y/y 7.5%
6.0%8.2Link
2025-06-30Q2 2025 (3M)OK4.3
y/y 9.4%
1.2
y/y 11.6%
0.9
y/y 19.0%
2.1
y/y 14.8%
0.9
y/y 6.5%
1.5-1.031.4
y/y 24.8%
15.1
y/y 20.0%
24.3%7.7Link
2025-03-31Q1 2025 (3M)OK4.5
y/y 23.8%
0.6
y/y -15.9%
0.9
y/y 26.3%
1.6
y/y 4.6%
0.5
y/y -17.1%
1.9-0.930.9
y/y 23.8%
14.5
y/y 19.5%
13.6%8.2Link
2024-12-31Q4 2024 (3M)OK4.4
y/y 6.2%
0.8
y/y -41.3%
1.0
y/y 49.4%
1.8
y/y -12.9%
0.6
y/y -44.5%
1.7-0.930.5
y/y 24.5%
14.5
y/y 20.2%
20.1%8.6Link
2024-09-30Q3 2024 (3M)OK4.0
y/y 4.9%
1.1
y/y -0.7%
0.8
y/y 22.0%
1.9
y/y 7.8%
0.8
y/y -10.8%
1.7-0.930.3
y/y 24.8%
14.3
y/y 22.7%
8.1%8.3Link
2024-06-30Q2 2024 (3M)OK3.9
y/y 13.4%
1.0
y/y 15.9%
0.8
y/y 20.4%
1.8
y/y 17.8%
0.8
y/y 22.3%
1.5-0.925.2
y/y 7.7%
12.6
y/y 13.9%
27.3%5.5Link
2024-03-31Q1 2024 (3M)OK3.6
y/y -5.9%
0.8
y/y -37.3%
0.7
y/y 17.4%
1.5
y/y -19.0%
0.6
y/y -40.1%
1.7-0.925.0
y/y 6.7%
12.2
y/y 10.8%
19.7%5.5Link
2023-12-31Q4 2023 (3M)OK4.1
y/y
1.4
y/y
0.7
y/y
2.1
y/y
1.2
y/y
1.7-0.924.5
y/y
12.1
y/y
31.6%5.8Link
2023-09-30Q3 2023 (3M)OK3.8
y/y
1.1
y/y
0.7
y/y
1.7
y/y
0.9
y/y
1.7-0.924.2
y/y
11.6
y/y
10.7%6.0Link
2023-06-30Q2 2023 (3M)OK3.5
y/y
0.9
y/y
0.6
y/y
1.5
y/y
0.7
y/y
1.4-1.123.4
y/y
11.0
y/y
25.1%6.3Link
2023-03-31Q1 2023 (3M)OK3.8
y/y
1.2
y/y
0.6
y/y
1.8
y/y
1.0
y/y
1.7-1.023.4
y/y
11.0
y/y
5.9Link
Data quality No obvious scale, balance-sheet, or cash-flow sanity issues in the displayed periods.

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Oil and Gas E and P

Proved reserves
2 428 mln boe
2025
Reserve life (R/P)
7.9 yrs
reserves ÷ annual output
Annual production
306.60 mln boe
2025

Production, mln boe

248.202015223.012016198.192017195.282018125.672019121.552020208.782021222.652022240.172023269.002024306.60202575.802026

Proved reserves

YearReserves, mln boe
20252 428
20242 155
20231 817
20221 815
20211 625
2020752
2019757
20184 759
20175 974

Production

YearProduction, mln boeper day
202675.80 *207 679
2025306.60
+14.0%
840 000
2024269.00
+12.0%
737 000
2023240.17
+7.9%
658 000
2022222.65
+6.6%
610 000
2021208.78572 000
2020121.55 *333 000
2019125.67
−35.6%
344 304
2018195.28
−1.5%
535 000

* historical figures with reconstructed scale · * partial year

EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

01 0002 0003 0004 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-40%-20%0%20%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

-3 000-2 000-1 00001 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

02 0004 0006 0008 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Key-commodity price — WTI Crude Oil

Current 90spot vs LTM +38%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -50.1%

Main driver: WTI Crude Oil +38% vs LTM; revenue ×1.23 vs costs ×1.06; EBITDA 6 573→8 740; at 3.9× EV/EBITDA → -50%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
WTI Crude Oil (rev)+65%89.7365.1476.10+38%+17%
Henry Hub Gas (rev)+25%3.153.533.09-11%-12%
Propane (Texas, USD/gallon) (rev)+10%0.800.690.76+15%+10%
US Diesel Index (EIA) (cost)-5%5.213.754.06+39%+8%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue16 543
LTM EBITDA6 573
LTM cash costs (revenue − EBITDA)9 970
2 · Revenue projection
Revenue multiplier — spot×1.233 (+23%)
= Spot revenue20 403
Revenue multiplier — 3y price×1.089 (+9%)
= 3-year-price revenue18 009
3 · Costs projection
Cost multiplier — spot×1.057 (+6%)
= Spot cash costs10 542
Cost multiplier — 3y price×1.042 (+4%)
= 3-year-price cash costs10 390
4 · EBITDA projection (revenue − costs)
= Spot EBITDA9 861
= 3-year-price EBITDA7 619
Conservative EBITDA = min(spot, avg)8 740
5 · Valuation → target market cap
Historical EV/projected-EBITDA (3-yr average)3.9x
Target EV = EV/EBITDA × conservative EBITDA34 369
Net debt7 725
Target market cap = EV − net debt26 644
Current market cap31 544

Upside = target market cap ÷ current − 1 = -50.1%

Life of mine: 8 yrs — before haircut -15.5%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q23 4543 348+3.2%1 5351 046+46.8%
2023 Q33 8363 700+3.7%1 7231 558+10.6%
2023 Q44 1453 654+13.4%2 0801 575+32.1%
2024 Q13 5963 640-1.2%1 4901 577-5.5%
2024 Q23 9173 780+3.6%1 8081 686+7.2%
2024 Q34 0243 636+10.7%1 8581 498+24.1%
2024 Q44 4033 934+11.9%1 8111 783+1.6%
2025 Q14 4524 493-0.9%1 5582 201-29.2%
2025 Q24 2844 093+4.7%2 0751 599+29.8%
2025 Q34 3313 993+8.5%1 7911 464+22.3%
2025 Q44 1214 150-0.7%1 6371 527+7.2%
2026 Q13 8074 485-15.1%1 0701 881-43.1%

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 4.8x · target 3-yr avg 3.9x · LTM avg 4.9x

EV/EBITDA (LTM)EV/EBITDA (projected)target avg (projected, 3y)

Commodity — production, reserves & revenue / cost mix

FY blocks below combine SEC XBRL tags (revenue & selected expense lines), plus production / reserves notes sourced to Form 10-K or company filings where cited.

Production and proved reserves in the FY blocks are keyed from supplemental 10-K tables after each filing is wired in. Automated SEC revenue/expense tags for the newest FY often appear before operational volumes and reserves for that same year.

Production & resources

Net production (Mboe/d)

Prod. CAGR (2 yr): +13.1%

841.1795.1749.0703.0657.0202320242025Net production (Mboe/d)

Proved reserves (MMboe)

Reserves CAGR (2 yr): +15.6% · Reserves life (R/P): 7.9 yr

24282275212219701817202320242025Proved reserves (MMboe)

Proved reserves & production rates by fiscal year

FY endCrude oil equivalent (net, Mboe/d)Proved reserves (net, MMboe)Proved developed (net, MMboe)Proved undeveloped (net, MMboe)
2025-12-31841.12,428
2024-12-317372,155
2023-12-316571,817

2025-12-31 · FY

Production & proved reserves

FY2025 net production and year-end proved reserves (US_EP curated patch). R/P 7.9 yr.

Line itemAmount
Crude oil equivalent (net, Mboe/d)841.1
Proved reserves (net, MMboe)2,428

Primary SEC filing for this FY (HTML)

2024-12-31 · FY

Production & proved reserves

FY2024 net production and year-end proved reserves (US_EP curated patch). R/P 8.0 yr.

Line itemAmount
Crude oil equivalent (net, Mboe/d)737
Proved reserves (net, MMboe)2,155

Primary SEC filing for this FY (HTML)

2023-12-31 · FY

Production & proved reserves

FY2023 net production and year-end proved reserves (US_EP curated patch). R/P 7.6 yr.

Line itemAmount
Crude oil equivalent (net, Mboe/d)657
Proved reserves (net, MMboe)1,817

Primary SEC filing for this FY (HTML)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-03-130.24 USDEx-dividend: 0.24 USD per sharePaidYahoo Finance (ex-div)
2025-12-150.24 USDEx-dividend: 0.24 USD per sharePaidYahoo Finance (ex-div)
2025-09-150.24 USDEx-dividend: 0.24 USD per sharePaidYahoo Finance (ex-div)
2025-06-130.24 USDEx-dividend: 0.24 USD per sharePaidYahoo Finance (ex-div)
2025-03-140.24 USDEx-dividend: 0.24 USD per sharePaidYahoo Finance (ex-div)
2024-12-130.22 USDEx-dividend: 0.22 USD per sharePaidYahoo Finance (ex-div)
2024-09-130.44 USDEx-dividend: 0.44 USD per sharePaidYahoo Finance (ex-div)
2024-06-140.35 USDEx-dividend: 0.35 USD per sharePaidYahoo Finance (ex-div)
2024-03-140.44 USDEx-dividend: 0.44 USD per sharePaidYahoo Finance (ex-div)
2023-12-140.77 USDEx-dividend: 0.77 USD per sharePaidYahoo Finance (ex-div)
2023-09-140.49 USDEx-dividend: 0.49 USD per sharePaidYahoo Finance (ex-div)
2023-06-140.72 USDEx-dividend: 0.72 USD per sharePaidYahoo Finance (ex-div)
2023-03-140.89 USDEx-dividend: 0.89 USD per sharePaidYahoo Finance (ex-div)
2022-12-091.35 USDEx-dividend: 1.35 USD per sharePaidYahoo Finance (ex-div)
2022-09-091.55 USDEx-dividend: 1.55 USD per sharePaidYahoo Finance (ex-div)
2022-06-101.27 USDEx-dividend: 1.27 USD per sharePaidYahoo Finance (ex-div)
2022-03-111 USDEx-dividend: 1 USD per sharePaidYahoo Finance (ex-div)
2021-12-090.84 USDEx-dividend: 0.84 USD per sharePaidYahoo Finance (ex-div)
2021-09-100.49 USDEx-dividend: 0.49 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)