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Sentiment · FY2026 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Arun Jayaram | JPMorgan | 12 | 0% |
| Doug Leggate | Wolfe Research | 10 | 20% |
| Neil Mehta | Goldman Sachs | 10 | 0% |
| John Freeman | Raymond James | 8 | 0% |
| Neal Dingmann | William Blair | 7 | 0% |
| Paul Cheng | Scotiabank | 6 | 50% |
| Betty Jiang | Barclays | 6 | 0% |
| Scott Hanold | RBC Capital Markets | 6 | 0% |
| Kevin MacCurdy | Pickering Energy Partners | 5 | 0% |
| Phillip Youngworth | BMO Capital Markets | 5 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| JPMorgan | 1 | 12 | 0% |
| Goldman Sachs | 1 | 10 | 0% |
| Wolfe Research | 1 | 10 | 20% |
| Raymond James | 1 |
| 8 |
| 0% |
| Pickering Energy Partners | 2 | 7 | 0% |
| William Blair | 1 | 7 | 0% |
| Barclays | 1 | 6 | 0% |
| RBC Capital Markets | 1 | 6 | 0% |
Devon completed the $1 billion optimization target ahead of schedule with oil production of 387,000 barrels per day at the top of guidance and capital 6% below midpoint, generating $816 million in free cash flow. The Coterra merger was closing with a $1 billion-plus synergy pipeline while AI-driven production optimization operated at scale. Revenue declined on lower commodity prices with GAAP EPS severely distorted by derivative losses, and combined full-year guidance was deferred to mid-June post-merger.
Capital Allocation | Capex Investment | Innovation & R&D | Margin | M&A | Pricing | Revenue Growth | Competitive Dynamics | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 7 | 8 | 3 | 3 | 2 | 3 | 3 | 3 |
| 2025Q1 | 6 | 8 | 3 | 4 | 4 | 3 | 2 | 1 |
| 2025Q2 | 5 | 6 | 5 | 4 | 2 | 4 | 2 | 1 |
| 2025Q3 | 3 | 4 | 3 | 3 | 5 | 1 | 2 | |
| 2025Q4 | 3 | 2 | 6 | 3 | 1 | 1 | ||
| 2026Q1 | 9 | 3 | 5 | 4 | 5 | 3 | 4 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Capital Allocation | 7 | 6 | 5 | 3 | 3 | 9 |
| Capex Investment | 8 | 8 | 6 | 4 | 2 | 3 |
| Innovation & R&D | 3 | 3 | 5 | 3 | 6 | 5 |
| Margin | 3 | 4 | 4 | 3 | 3 | 4 |
| M&A | 2 | 4 | 2 | 5 | 1 | 5 |
| Pricing | 3 | 3 | 4 | 1 | 3 | |
| Revenue Growth | 3 | 2 | 2 | 2 | 1 | |
| Competitive Dynamics | 3 | 1 | 1 | 4 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
DVN Devon Energy | 5 | -13.0% | |
| APA APA Corporation | 5 | -11.7% | |
| COP ConocoPhillips | 6 | -2.5% | |
| CTRA Coterra | 7 | +23.8% | |
| EOG EOG Resources | 9 | +15.7% | |
| EQT EQT Corporation | 9 | +39.7% | |
| EXE Expand Energy | 7 | +100.2% | |
| FANG Diamondback Energy | 6 | +5.2% | |
| OXY Occidental Petroleum | 6 | -23.1% | |
| TPL Texas Pacific Land Corporation | 8 | +20.8% |