Summary
Devon Energy Misses
Devon Energy (DVN) reported Quarter December 2022 earnings of $1.66 per share on revenue of $4.3 billion. The consensus earnings estimate was $1.75 per share on revenue of $4.6 billion. The Earnings Whisper number was $2.10 per share. Revenue grew 0.6% on a year-over-year basis.
Devon Energy Corporation is an independent energy company engaged in the exploration, development and production of oil, natural gas and NGLs.
Results
Reported Earnings
$1.66
Earnings Whisper
$2.10
Consensus Estimate
$1.75
Reported Revenue
$4.30 Bil
Revenue Estimate
$4.57 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
Devon Energy Reports Fourth-Quarter and Full-Year 2022 Results; Declares Quarterly Dividend and Raises Fixed Dividend by 11 Percent in 2023
OKLAHOMA CITY, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the fourth-quarter and full year 2022. The company also declared its quarterly dividend. Devon’s earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com.
The company’s fourth-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on Wednesday, February 15, 2023, and will serve primarily as a forum for analyst and investor questions and answers.
ABOUT DEVON ENERGY
Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com
| Investor Contacts | Media Contact |
| Scott Coody, 405-552-4735 | Lisa Adams, 405-228-1732 |
| Chris Carr, 405-228-2496 | |
Source: Devon Energy Corporation
