For Q1 FY2026 (ended March 31, 2026), Devon Energy reported revenue of $3.807 billion, down 14.5% year-over-year. Net income fell 75.7% to $120 million, and diluted EPS dropped 75.3% to $0.19. Operating income decreased 77.7% to $326 million. The company had $1.763 billion in cash, $15.428 billion in equity, and $8.386 billion in long-term debt.
•Revenue declined 14.5% YoY to $3.807B.
•Net income fell 75.7% to $120M; diluted EPS down 75.3% to $0.19.
•Operating income decreased 77.7% to $326M.
•Cash stood at $1.763B, equity at $15.428B, long-term debt at $8.386B.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Devon Energy Corporation, an independent energy company provides the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.
The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Founded in 1971, Devon Energy is headquartered in Houston, Texas.
Devon Energy Corporation is an independent energy company engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) in the United States. The company focuses on several key basins, including the Delaware Basin in southeast New Mexico and west Texas, the Eagle Ford in North America, the Anadarko Basin in western Oklahoma, the Williston Basin in North Dakota, and the Powder River Basin in Wyoming. These assets allow Devon to produce a mix of hydrocarbons, with a strong emphasis on oil and natural gas. As an independent operator, Devon does not own refining or marketing operations but instead sells its production at market prices. The company's operations are entirely U.S.-based, making it a domestic player in the energy sector.
Where is Devon Energy listed and in what currency does it trade?
Devon Energy Corporation is listed on the New York Stock Exchange (NYSE) under the ticker symbol DVN. The company's shares are traded in U.S. dollars (USD), which is the official currency of the United States. As a NYSE-listed company, Devon Energy is subject to the reporting and regulatory requirements of the U.S. Securities and Exchange Commission (SEC). Investors can buy and sell DVN shares during regular trading hours on the NYSE, and the stock is also included in major U.S. indices. The use of USD makes it accessible to both domestic and international investors who have access to U.S. dollar-denominated securities.
What sector and industry does Devon Energy operate in?
Devon Energy Corporation operates in the Energy sector, specifically within the Oil & Gas E&P (Exploration and Production) industry. This means the company is primarily involved in finding, extracting, and selling crude oil, natural gas, and natural gas liquids. As an E&P company, Devon does not engage in refining, transportation, or retail distribution of petroleum products. Instead, it focuses on upstream activities such as drilling wells, completing them, and producing hydrocarbons from its asset base. The Energy sector is cyclical and influenced by global supply and demand dynamics, commodity prices, and geopolitical factors. Devon's operations are concentrated in several major U.S. basins, which positions it as a significant independent producer in the domestic oil and gas market.
Where is Devon Energy headquartered and what are its main operating regions?
Devon Energy Corporation is headquartered in Houston, Texas, a city widely recognized as a global hub for the energy industry. The company was founded in 1971 and has since grown into one of the largest independent oil and gas producers in the United States. Devon's main operating regions include the Delaware Basin (spanning southeast New Mexico and west Texas), the Eagle Ford (in Texas), the Anadarko Basin (western Oklahoma), the Williston Basin (North Dakota), and the Powder River Basin (Wyoming). These basins are among the most prolific oil and gas plays in the country, providing Devon with a diversified portfolio of assets. The company's focus on these regions allows it to leverage economies of scale and advanced drilling technologies to efficiently develop its resource base.
How does Devon Energy make money?
Devon Energy generates revenue by selling the oil, natural gas, and natural gas liquids (NGLs) it produces from its U.S. operations. The company's business model is centered on the exploration, development, and production of hydrocarbons from its portfolio of assets in key basins such as the Delaware Basin, Eagle Ford, Anadarko Basin, Williston Basin, and Powder River Basin. Devon's income is directly tied to commodity prices, as it sells its production at prevailing market rates. To manage price volatility, the company may use hedging strategies. Additionally, Devon focuses on operational efficiency and cost control to maximize margins. As an independent E&P company, it does not have downstream operations, so its profitability depends on the volume of production and the prices received for its commodities. The company also benefits from its large, high-quality acreage positions that provide long-term drilling inventory.