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Devon Energy DVN Q1 2026 Annual earnings

Reported May 5, 2026 · After market close

Revenue$3.8BMiss by $531.3M
EPS$1.04Miss by $0.02
Revenue estimate$4.3B
EPS estimate$1.06

Next report

Nov 4, 2026 (in a month)
Revenue estimate$6.4B
EPS estimate$1.18

Financials

Q1 2026

Income statement

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Revenue$3.8B-14.5%
Net income$120.0M-75.7%
EPS (diluted)$0.19-75.3%

Balance sheet

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Total debt$8.7B-3.5%
Total equity$15.4B+6.1%
Total assets$32.5B+5.2%

Cash flow

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Operating cash flow$1.7B-14.8%
CapEx$839.0M-10.2%
Free cash flow$816.0M-19.0%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$31.21B+28.7%
Enterprise value$39.91B+20.0%
P/E13.8×+5.1×
P/S1.9×+0.4×

Profitability

See full
Net margin13.7%-2.9pp
FCF margin17.7%-0.9pp

Returns & leverage

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Return on equity15.1%-5.8pp
Debt / equity0.6×-0.1×
Current ratio1×-0.1×

Segments

By product

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Oil Reserves$2.4B+0.4%
NGL$349.0M-13.4%
Gas$254.0M-17.8%

FAQ

When did Devon Energy report Q1 2026 earnings?
Devon Energy (DVN) reported Q1 2026 earnings on May 5, 2026 after market close.
What were Devon Energy's Q1 2026 revenue and EPS?
Devon Energy reported revenue of $3.8B and eps of $1.04 for Q1 2026.
Did Devon Energy beat estimates in Q1 2026?
Revenue missed the consensus estimate of $4.3B by $531.3M. EPS missed the consensus estimate of $1.06 by $0.02.
How did Devon Energy's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 14.5% from $4.5B a year earlier and eps declined 14.0% from $1.21.
Where can I find Devon Energy's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-204738) and the 10-K/A periodic report (0001104659-26-046005) directly on SEC EDGAR. The filing index links above go to sec.gov.