Summary
Devon Energy Misses
Devon Energy (DVN) reported 1st Quarter March 2024 earnings of $1.16 per share on revenue of $3.6 billion. The consensus earnings estimate was $1.10 per share on revenue of $3.6 billion. The Earnings Whisper number was $1.21 per share. Revenue fell 5.9% compared to the same quarter a year ago.
Devon Energy Corporation is an independent energy company engaged in the exploration, development and production of oil, natural gas and NGLs.
Results
Reported Earnings
$1.16
Earnings Whisper
$1.21
Consensus Estimate
$1.10
Reported Revenue
$3.60 Bil
Revenue Estimate
$3.60 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
Devon Energy Reports First-Quarter 2024 Results and Declares Quarterly Dividend
OKLAHOMA CITY, May 01, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the first-quarter 2024. The company also declared its quarterly dividend and provided an updated outlook for 2024. Devon’s earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com.
The company’s first-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on Thursday, May 2, 2024, and will serve primarily as a forum for analyst and investor questions and answers.
ABOUT DEVON ENERGY
Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com
| Investor Contacts | Media Contact |
| Scott Coody, 405-552-4735 | Brooke Baum, 405-552-3448 |
| Chris Carr, 405-228-2496 | |
Source: Devon Energy Corporation
