Devon Energy (DVN) reported $6.86 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 58.4%. EPS of $1.42 for the same period compares to $1.04 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $7.33 billion, representing a surprise of -6.39%. The company delivered an EPS surprise of +14.52%, with the consensus EPS estimate being $1.24.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.
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 the nine-analyst average estimate of 373.02 millions of barrels of oil.
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Production – Gas – Total: 4400 millions of cubic feet versus 4503.21 millions of cubic feet estimated by nine analysts on average.
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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 the four-analyst average estimate of $81.09.
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Realized Prices – Natural gas liquids (Realized price, including cash settlements): $23.81 compared to the $21.78 average estimate based on four analysts.
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Revenues- NGL: $836 million compared to the $723.57 million average estimate based on four analysts. The reported number represents a change of +134.8% year over year.
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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 compared to the $5.48 billion average estimate based on three analysts. The reported number represents a change of +111.4% year over year.
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Revenues- Gas: $796 million versus the three-analyst average estimate of $638.13 million. The reported number represents a year-over-year change of +328%.
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Revenues- Oil: $4.31 billion versus the three-analyst average estimate of $4.09 billion. The reported number represents a year-over-year change of +90%.
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Revenues- Oil, gas and NGL derivatives: $-914 million versus $-58.68 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1242.5% change.
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
