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Devon Energy DVN Q4 2025 Annual earnings

Reported February 17, 2026 · After market close

Revenue$4.1BBeat by $116.5MDiluted EPS$0.82Beat by $0.01
Revenue estimate$4.0B
EPS estimate$0.81

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$4.1B-6.4%
Net income$562.0M-12.3%
EPS (diluted)$0.90-7.2%

Balance sheet

See full
Total debt$8.7B-6.1%
Total equity$15.5B+7.1%
Total assets$31.6B+3.6%

Cash flow

See full
Operating cash flow$1.5B-7.8%
CapEx$832.0M-10.2%
Free cash flow$702.0M-4.9%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$22.98B+6.9%
Enterprise value$31.67B+3.0%
P/E8.7×+1.3×
P/S1.3×0.0×

Profitability

See full
Net margin15.4%-2.8pp
FCF margin18.1%-0.4pp

Returns & leverage

See full
Return on equity17.6%-4.2pp
Debt / equity0.6×-0.1×
Current ratio1×-0.1×

Segments

By product

See full
Oil Reserves$2.1B-17.7%
NGL$358.0M-16.6%
Gas$241.0M+26.2%

Versus estimates

Revenue

Q1 2026$3.8BMiss by $531.3M
Q4 2025$4.1BBeat by $116.5M
Q3 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 $0.01
Q3 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 Q4 2025 earnings?
Devon Energy (DVN) reported Q4 2025 earnings on February 17, 2026 after market close.
What were Devon Energy's Q4 2025 revenue and EPS?
Devon Energy reported revenue of $4.1B and diluted EPS of $0.82 for Q4 2025.
Did Devon Energy beat estimates in Q4 2025?
Revenue beat the consensus estimate of $4.0B by $116.5M. EPS beat the consensus estimate of $0.81 by $0.01.
How did Devon Energy's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 10.9% from $4.6B a year earlier and diluted EPS declined 29.3% from $1.16.
Where can I find Devon Energy's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001193125-26-054657) and the 10-K periodic report (0001193125-26-056485) directly on SEC EDGAR. The filing index links above go to sec.gov.