Devon Energy's 2026Q2 results reflect a transformative period, with total assets surging 184% to $70.9B and revenue jumping 73.1% year-over-year to $7.4B, largely due to the Coterra merger and aggressive capex. The company maintains a conservative leverage pro...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue and margins are highly volatile, with 2026Q2 revenue surging 73.1% to $7.4B and gross margin expanding to 56.0%, but prior quarters showed compression to 12.1% in 2026Q1, indicating extreme commodity price sensitivity.
Devon Energy's board has shown confidence in the company's ability to generate free cash flow, as reflected in recent capital return actions.
Devon Energy's trailing P/E ratio of 11.95x and forward P/E of 7.93x suggest the stock is undervalued relative to earnings potential.
The company utilizes horizontal drilling and hydraulic fracturing, which enhance efficiency and productivity in oil and gas extraction.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 4, 2026 | $1.57+12.1% vs $1.40 | $7.4B+23.4% vs $6.0B |
Q2 2026 May 5, 2026 | $1.04-1.9% vs $1.06 | $3.8B-12.2% vs $4.3B |
Q1 2026 Feb 17, 2026 | $0.82+1.6% vs $0.81 | $4.1B+2.9% vs $4.0B |
Q4 2025 Nov 5, 2025 | $1.04+11.8% vs $0.93 | $4.3B+2.8% vs $4.1B |
Clay M. Gaspar disposed of 3,913 shares for a total value of approximately $199,876 on September 14, 2026. The transaction involved shares equal to 0.39% of the total equity stake held before the filing.
MPLX LP didn't just team up with a pipeline rival; it also teamed up with two rivals in the upstream sector, too.
Corient Private Wealth LP grew its holdings in Devon Energy Corporation (NYSE: DVN) by 62.1% in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,019 shares of the energy company's stock after buying an additional 81,997 shares during the quarter. Corient
In the latest trading session, Devon Energy (DVN) closed at $48.44, marking a -5.63% move from the previous day.
Benchmark DVN against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Devon Energy Corporation (DVN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $46.93 | $32.86B | 11.17 | 7.83% | 15.37% | 17.48% | 2.1% | |
| $125.27 | $152.62B | 19.73 | 7.51% | 14.87% | 14.32% | — | |
| $139.52 | $74.31B | 15.32 | -3.47% | 25.71% | 22.38% | — | |
| $42.30 | $14.95B | 10.60 | -8.39% | 18.99% | 22.97% | — | |
| $184.50 | $51.9B | 32.20 | 36.31% | 9.27% | 3.62% | — | |
| $58.82 | $16.27B | 12.31 | -4.55% | 9.55% | 8.27% | — |
Devon Energy Corporation (DVN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Devon Energy Corporation (DVN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 4, 2026·SEC
Jun 30, 2026·SEC
Jun 25, 2026·SEC
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Devon Energy Corporation (DVN) stock FAQ — growth, dividends, profitability & financials explained
Devon Energy Corporation (DVN) reported $19.68B in revenue for fiscal year 2025. This represents a 12001% increase from $162.6M in 1996.
Devon Energy Corporation (DVN) grew revenue by 7.8% over the past year. This is steady growth.
Yes, Devon Energy Corporation (DVN) is profitable, generating $3.28B in net income for fiscal year 2025 (15.4% net margin).
Yes, Devon Energy Corporation (DVN) pays a dividend with a yield of 2.10%. This makes it attractive for income-focused investors.
Devon Energy Corporation (DVN) has a return on equity (ROE) of 17.5%. This is reasonable for most industries.
Devon Energy Corporation (DVN) generated $1.67B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
