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Devon Energy (DVN)
NYSE:DVN
Earnings Data
Report Date
Feb 17, 2026After Close (Confirmed)
Period Ending
2025 (Q4)Consensus EPS Forecast
0.88Last Year’s EPS
1.16Same Quarter Last Year
Moderate Buy
Based on 19 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Devon Energy delivered a strong third quarter, exceeding key metrics and advancing its business optimization plan significantly. The company demonstrated robust free cash flow generation, strong financial positioning, and effective portfolio optimization. Despite these achievements, the company acknowledged the challenging macro environment and market underappreciation of its business optimization efforts.Company Guidance
Exceeding Guidance Across Key Metrics
Devon Energy exceeded the midpoint of guidance on every key metric, including production, operating costs, and capital. Production optimization led to oil production exceeding the midpoint of guidance by 3,000 barrels per day, and operating costs reduced by 5% compared to the start of the year.
Significant Free Cash Flow Generation
Devon reported robust free cash flow of $820 million in the third quarter, allowing the company to return over $400 million to shareholders and retire $485 million of debt.
Advancement in Business Optimization Plan
The company is on track to generate an incremental $1 billion of annual pretax free cash flow, having already achieved more than 60% of the target.
Strong Capital Efficiency and Production Optimization
Capital investment was 10% below the first half run rate, and the production optimization initiatives led to a sustainable increase in free cash flow of $150 million.
Portfolio Optimization Actions
Devon took several portfolio optimization actions, delivering an uplift of over $1 billion to enterprise NAV. These include dissolving a joint venture in the Eagle Ford and executing strategic gas marketing agreements.
Strong Financial Position and Debt Reduction
The company ended the quarter with $4.3 billion in total liquidity and a net debt-to-EBITDA ratio of 0.9x. Devon also completed the retirement of $485 million in debt ahead of schedule.
Preliminary 2026 Outlook
Devon anticipates maintaining production around 845,000 BOE per day with capital investment of $3.5 billion to $3.7 billion, a reduction of $500 million compared to previous maintenance capital levels.
DVN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DVN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Nov 05, 2025 | $32.34 | $32.43 | +0.28% |
Aug 05, 2025 | $32.09 | $32.23 | +0.44% |
May 06, 2025 | $30.17 | $29.87 | -0.99% |
Feb 18, 2025 | $34.15 | $36.79 | +7.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Devon Energy (DVN) report earnings?
Devon Energy (DVN) is schdueled to report earning on Feb 17, 2026, After Close (Confirmed).
What is Devon Energy (DVN) earnings time?
Devon Energy (DVN) earnings time is at Feb 17, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DVN EPS forecast?
DVN EPS forecast for the fiscal quarter 2025 (Q4) is 0.88.
