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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Devon Energy (DVN) is 5/10.
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.
Scored from Devon Energy’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $4.40B | +6.2% | $0.99 | -45.3% | 21.4% | 14.5% | $622M |
| FY2025 Q1 | $4.45B | +23.8% | $0.77 | -18.1% | 23.6% | 11.1% | $1.00B |
| FY2025 Q2 | $4.28B | +9.4% | $1.41 | +5.2% | 22.9% | 21.0% | $589M |
| FY2025 Q3 | $4.33B | +7.6% | $1.09 | -16.2% | 22.7% | 15.9% | $820M |
| FY2025 Q4 | $4.12B | -6.4% | $0.90 | -9.1% | 20.4% | 13.6% | $601M |
| FY2026 Q1 | $3.81B | -14.5% | $0.19 | -75.3% | 8.2% | 3.2% | $626M |
| FY2026 Q2 | $7.42B | +73.1% | $2.03 | +44.0% | 34.5% | 25.8% | $-373M |
Effective August 20, 2026, Devon Energy restructured its exploration and production leadership: Tom Hellman named EVP E&P (Anadarko, Eagle Ford, Marcellus, Rockies), Trey Lowe III named EVP E&P (Permian), and Kevin Smith named EVP and CTO. Former EVPs of E&P John Raines (Permian) and Michael DeShazer (Anadarko/Eagle Ford/Marcellus/Rockies) are leaving the company as of September 1, 2026.