Devon Energy Corporation
Devon Energy Corporation (DVN) Financial Performance & Income Statement Overview
View comprehensive annual and quarterly summaries for Devon Energy Corporation (DVN), featuring income statements, balance sheets, and cash flow data.
Devon Energy Corporation (DVN) Income Statement & Financial Overview
View the income breakdown for Devon Energy Corporation DVN across both annual and quarterly reports.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $4.45B | $4.62B | $3.74B | $3.84B |
| Cost of Revenue | $3.26B | -$1.55B | $2.71B | $2.67B |
| Gross Profit | $1.19B | $6.17B | $1.03B | $1.17B |
| Gross Profit Ratio | $0.27 | $1.34 | $0.28 | $0.31 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $130.00M | $155.00M | $117.00M | $114.00M |
| Operating Expenses | $140.00M | $5.45B | $117.00M | $117.00M |
| Total Costs & Expenses | $3.40B | $3.89B | $2.83B | $2.78B |
| Interest Income | $10.00M | -$8.00M | $19.00M | $14.00M |
| Interest Expense | $133.00M | $128.00M | $98.00M | $90.00M |
| Depreciation & Amortization | $912.00M | $971.00M | $794.00M | $768.00M |
| EBITDA | $1.69B | $1.94B | $1.97B | $1.90B |
| EBITDA Ratio | $0.38 | $0.42 | $0.53 | $0.49 |
| Operating Income | $1.05B | $732.00M | $909.00M | $1.06B |
| Operating Income Ratio | $0.24 | $0.16 | $0.24 | $0.28 |
| Other Income/Expenses (Net) | -$406.00M | $185.00M | $155.00M | -$96.00M |
| Income Before Tax | $646.00M | $840.00M | $1.06B | $1.04B |
| Income Before Tax Ratio | $0.15 | $0.18 | $0.28 | $0.27 |
| Income Tax Expense | $137.00M | $187.00M | $239.00M | $185.00M |
| Net Income | $494.00M | $639.00M | $812.00M | $844.00M |
| Net Income Ratio | $0.11 | $0.14 | $0.22 | $0.22 |
| EPS | $0.77 | $0.96 | $1.31 | $1.35 |
| Diluted EPS | $0.77 | $0.99 | $1.30 | $1.34 |
| Weighted Avg Shares Outstanding | $643.00M | $623.00M | $622.00M | $626.00M |
| Weighted Avg Shares Outstanding (Diluted) | $645.00M | $623.00M | $623.00M | $628.00M |
Financial performance has remained strong, with revenue growing from $3.84B in Q2 2024 to $4.45B in Q1 2025. Gross profit continued to perform well, with margins at 27% in the latest quarter. Operating income reached $1.05B in Q1 2025, holding a steady 24% margin. While R&D and SG&A expenses fluctuated, EBITDA remained robust at $1.69B. Net income dropped to $494.00M, keeping EPS at $0.77. With disciplined cost control and operational efficiency, the company supported consistent profitability, reflecting its ability to deliver stable shareholder value.
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