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Devon Energy DVN Q1 2026 Annual earnings

Reported May 5, 2026 · After market close

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

Next report

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

Financials

Q1 2026

Income statement

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

Balance sheet

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

Cash flow

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

Valuation & ratios

Valuation

as of 07/09/26
See full
Market cap$49.95B+28.7%
P/E22×+8.1×
P/S3×+0.7×

Profitability

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

Returns & leverage

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

Segments

By product

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

Versus estimates

Revenue

Q1 2026$3.8BMiss by $531.3M
Q4 2025$4.1BBeat by $116.5MQ3 2025$4.3BBeat by $114.0MQ2 2025$4.0BBeat by $13.3MQ1 2025$4.5BBeat by $22.5MQ4 2024$4.6BBeat by $416.2M

Diluted EPS

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

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Questions, answered.

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 diluted 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 diluted 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.