For the quarter ended September 2026, Devon Energy (DVN) reported revenue of $6.86 billion, up 58.4% over the same period last year. EPS came in at $1.42, compared to $1.04 in the year-ago quarter.
The reported revenue represents a surprise of -6.39% over the Zacks Consensus Estimate of $7.33 billion. With the consensus EPS estimate being $1.24, the EPS surprise was +14.52%.
While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company’s underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock’s price performance more accurately.
Here is how Devon Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Production – Natural gas liquids – Total: 382 millions of barrels of oil versus 373.02 millions of barrels of oil estimated by nine analysts on average.
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Production – Gas – Total: 4400 millions of cubic feet versus the nine-analyst average estimate of 4503.21 millions of cubic feet.
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Production – Oil – Total: 553 millions of barrels of oil versus the nine-analyst average estimate of 557.24 millions of barrels of oil.
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Production – Total oil equivalent per day: 1668 millions of barrels of oil equivalent per day compared to the 1682.14 millions of barrels of oil equivalent per day average estimate based on nine analysts.
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Realized Prices – Oil (Realized price without hedges): $84.69 versus $81.09 estimated by four analysts on average.
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Realized Prices – Natural gas liquids (Realized price, including cash settlements): $23.81 versus the four-analyst average estimate of $21.78.
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Realized Prices – Gas (Realized price, including cash settlements): $2.16 compared to the $1.94 average estimate based on four analysts.
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Realized Prices – Oil (Realized price, including cash settlements): $79.54 versus $76.93 estimated by four analysts on average.
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Realized Prices – Natural gas liquids (Realized price without hedges): $23.81 versus $22.55 estimated by four analysts on average.
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Revenues- Marketing and midstream revenues: $1.84 billion versus the four-analyst average estimate of $2.28 billion. The reported number represents a year-over-year change of +27.3%.
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Revenues- Oil, gas and NGL sales: $5.94 billion versus the three-analyst average estimate of $5.48 billion. The reported number represents a year-over-year change of +111.4%.
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Revenues- Oil, gas and NGL derivatives: $-914 million compared to the $-58.68 million average estimate based on two analysts. The reported number represents a change of -1242.5% year over year.
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
