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Devon Energy DVN Q1 2025 earnings

Reported May 6, 2025 · After market close

Revenue$4.5BBeat by $22.5MDiluted EPS$1.21Miss by $0.03
Revenue estimate$4.4B
EPS estimate$1.24

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$6.0B
EPS estimate$1.48

Financials

Q1 2025

Income statement

See full
Revenue$4.5B+23.8%
Net income$494.0M-17.1%
EPS (diluted)$0.77-18.1%

Balance sheet

See full
Total debt$9.0B+38.9%
Total equity$14.5B+19.5%
Total assets$30.9B+23.8%

Cash flow

See full
Operating cash flow$1.9B+11.7%
CapEx$934.0M+4.5%
Free cash flow$1.0B+19.4%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$24.26B-23.9%
Enterprise value$33.26B-13.3%
P/E8.7×-0.8×
P/S1.4×-0.7×

Profitability

See full
Net margin16.6%-5.6pp
FCF margin18.6%-0.3pp

Returns & leverage

See full
Return on equity20.9%-8.0pp
Debt / equity0.6×+0.1×
Current ratio1.1×0.0×

Segments

By product

See full
Oil Reserves$2.4B+10.3%
NGL$403.0M+29.2%
Gas$309.0M+141%

Versus estimates

Revenue

Q1 2026$3.8BMiss by $531.3MQ4 2025$4.1BBeat by $116.5MQ3 2025$4.3BBeat by $114.0MQ2 2025$4.0BBeat by $13.3M
Q1 2025$4.5BBeat by $22.5M
Q4 2024$4.6BBeat by $416.2M

Diluted EPS

Q1 2026$1.04Miss by $0.02Q4 2025$0.82Beat by $0.01Q3 2025$1.04Beat by $0.11Q2 2025$0.84Miss by $0.02
Q1 2025$1.21Miss by $0.03
Q4 2024$1.16Beat by $0.16

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Questions, answered.

When did Devon Energy report Q1 2025 earnings?
Devon Energy (DVN) reported Q1 2025 earnings on May 6, 2025 after market close.
What were Devon Energy's Q1 2025 revenue and EPS?
Devon Energy reported revenue of $4.5B and diluted EPS of $1.21 for Q1 2025.
Did Devon Energy beat estimates in Q1 2025?
Revenue beat the consensus estimate of $4.4B by $22.5M. EPS missed the consensus estimate of $1.24 by $0.03.
How did Devon Energy's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 19.0% from $3.7B a year earlier and diluted EPS grew 4.3% from $1.16.
Where can I find Devon Energy's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0000950170-25-065278) directly on SEC EDGAR. The filing index links above go to sec.gov.