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Devon Energy DVN Costs Incurred Development Costs

Costs Incurred Development Costs at other companies

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Other financials

Income statement

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Revenue$7.4B+73.1%
Net income$1.9B+113%
EPS (diluted)$2.03+44.0%

Balance sheet

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Cash & equivalents$2.3B
Total debt$11.9B+31.2%
Total equity$41.7B+177%
Total assets$70.9B+126%

Cash flow

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Operating cash flow$3.7B+138%
CapEx$1.3B+37.9%
Free cash flow$2.4B+300%

Valuation

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Market cap$48.55B+133%
P/E14.8×+7.5×
P/S2.5×+1.3×

Profitability

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Gross margin63.5%
Operating margin-76.3%
Net margin16.7%+0.1pp
FCF margin23.9%+5.7pp

Returns & leverage

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Return on equity11.5%-9.1pp
Debt / equity0.3×-0.3×
Current ratio0.7×-0.5×

Where this comes from

Reported directly by Devon Energy in its filing.

Tagged under the XBRL concept us-gaap:CostsIncurredDevelopmentCosts.

The source filing: Devon Energy’s 10-K, filed February 18, 2026.

Filed
Feb 18, 2026, 12:01 PM EST
Fiscal year
FY2025
Accession
0001193125-26-056485
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Property acquisition costs:
Proved properties$138$3,058$2
Unproved properties2241,94963
Exploration costs581690534
Development costs3,0572,8563,160
Costs incurred$4,000$8,553$3,759

Item 8. Financial Statements and Supplementary Data

FAQ

What is Devon Energy's costs incurred development costs?
Devon Energy (DVN) reported costs incurred development costs of $764.25M in Q4 2025.
How has Devon Energy's costs incurred development costs changed year-over-year?
Devon Energy's costs incurred development costs increased by 7.0% year-over-year, from $714M to $764.25M.
What is the long-term trend for Devon Energy's costs incurred development costs?
Over 4 years (2021 to 2025), Devon Energy's costs incurred development costs has grown at a 16.8% compound annual growth rate (CAGR), from $1.64B to $3.06B.
What does costs incurred development costs mean?
Includes costs incurred to gain access to proved reserves and to provide facilities for extracting, treating, gathering, and storing oil and gas. These are the primary capital investments required to bring discovered resources into production. This metric is essential for understanding the capital intensity of the company's production base.

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