Devon Energy Corporation (DVN)DVNDevon Energy Corporation

Income Statement

Revenue, expenses, and profitability analysis

Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	16.543B	3.807B	4.121B	4.331B	4.284B	4.452B	4.403B	4.024B	3.917B
Cost of Goods Sold	12.882B	3.345B	3.140B	3.227B	3.170B	3.260B	3.254B	2.706B	2.664B
Gross Profit	3.661B	462.000M	981.000M	1.104B	1.114B	1.192B	1.149B	1.318B	1.253B
Gross Profit Margin	12.1%	12.1%	23.8%	25.5%	26.0%	26.8%	26.1%	32.8%	32.0%
Total Operating Expenses	545.000M	150.000M	140.000M	122.000M	133.000M	140.000M	206.000M	117.000M	117.000M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	487.000M	125.000M	135.000M	114.000M	113.000M	130.000M	155.000M	113.000M	114.000M
Operating Income (EBIT)	3.116B	312.000M	841.000M	982.000M	981.000M	1.052B	943.000M	1.201B	1.136B
Operating Margin	8.2%	8.2%	20.4%	22.7%	22.9%	23.6%	21.4%	29.8%	29.0%
Income Before Tax (EBT)	2.986B	166.000M	747.000M	912.000M	1.161B	646.000M	840.000M	1.064B	1.040B
Interest Income	60.000M	14.000M	14.000M	18.000M	14.000M	10.000M	16.000M	19.000M	14.000M
Interest Expense	497.000M	123.000M	119.000M	125.000M	130.000M	133.000M	139.000M	98.000M	90.000M
Other Income/Expense	-130.000M	-146.000M	-94.000M	-70.000M	180.000M	-406.000M	-103.000M	-137.000M	-96.000M
Net Income	2.268B	120.000M	562.000M	687.000M	899.000M	494.000M	639.000M	812.000M	844.000M
Income Tax Expense	694.000M	46.000M	185.000M	219.000M	244.000M	137.000M	187.000M	239.000M	185.000M
Net Profit Margin	3.2%	3.2%	13.6%	15.9%	21.0%	11.1%	14.5%	20.2%	21.5%
EBITDA	6.703B	1.216B	1.731B	1.861B	1.895B	1.964B	1.914B	1.995B	1.904B
EBITDA Margin	31.9%	31.9%	42.0%	43.0%	44.2%	44.1%	43.5%	49.6%	48.6%
Depreciation & Amortization	3.587B	904.000M	890.000M	879.000M	914.000M	912.000M	971.000M	794.000M	768.000M
EPS Basic	3.61	0.19	0.91	1.09	1.42	0.77	0.98	1.31	1.35
EPS Diluted	3.59	0.19	0.90	1.09	1.41	0.77	0.99	1.30	1.34
Shares Outstanding	621.000M	621.000M	621.000M	635.000M	635.000M	643.000M	623.000M	622.000M	626.000M
Diluted Shares Outstanding	622.000M	622.000M	622.000M	636.000M	636.000M	645.000M	623.000M	623.000M	628.000M

Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	17.188B	15.940B	15.258B	19.169B	12.206B	4.828B	6.220B	8.896B
Cost of Goods Sold	12.797B	11.230B	9.891B	10.800B	8.527B	4.436B	5.506B	6.702B
Gross Profit	4.391B	4.710B	5.367B	8.369B	3.679B	392.000M	714.000M	2.194B
Gross Profit Margin	25.5%	29.5%	35.2%	43.7%	30.1%	8.1%	11.5%	24.7%
Total Operating Expenses	535.000M	528.000M	428.000M	449.000M	433.000M	392.000M	554.000M	702.000M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	492.000M	500.000M	408.000M	395.000M	391.000M	338.000M	475.000M	574.000M
Operating Income (EBIT)	3.856B	4.182B	4.939B	7.920B	3.246B	0.00	160.000M	1.492B
Operating Margin	22.4%	26.2%	32.4%	41.3%	26.6%	0.0%	2.6%	16.8%
Income Before Tax (EBT)	3.466B	3.712B	4.623B	7.775B	2.898B	-3.090B	-109.000M	944.000M
Interest Income	56.000M	38.000M	55.000M	38.000M	2.000M	12.000M	—	—
Interest Expense	511.000M	401.000M	363.000M	347.000M	361.000M	282.000M	250.000M	594.000M
Other Income/Expense	-390.000M	-470.000M	-316.000M	-145.000M	-348.000M	-3.090B	-269.000M	-548.000M
Net Income	2.642B	2.891B	3.747B	6.015B	2.813B	-2.680B	-355.000M	3.064B
Income Tax Expense	785.000M	770.000M	841.000M	1.738B	65.000M	-547.000M	-30.000M	230.000M
Net Profit Margin	15.4%	18.1%	24.6%	31.4%	23.0%	-55.5%	-5.7%	34.4%
EBITDA	7.451B	7.437B	7.493B	10.143B	5.404B	1.300B	1.657B	2.720B
EBITDA Margin	43.4%	46.7%	49.1%	52.9%	44.3%	26.9%	26.6%	30.6%
Depreciation & Amortization	3.595B	3.255B	2.554B	2.223B	2.158B	1.300B	1.497B	1.228B
EPS Basic	4.21	4.57	5.86	9.15	4.20	-7.12	-0.20	6.14
EPS Diluted	4.20	4.57	5.84	9.12	4.18	-7.12	-0.20	6.10
Shares Outstanding	628.000M	623.000M	639.000M	651.000M	663.000M	377.000M	401.000M	499.000M
Diluted Shares Outstanding	629.000M	623.000M	642.000M	653.000M	665.000M	377.000M	401.000M	502.000M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Devon Energy Corporation

As an independent energy producer, Devon Energy Corporation primarily focuses on the exploration, development, and extraction of oil, natural gas, and natural gas liquids within the United States. The company manages roughly 5,134 gross wells. Established in 1971, its corporate headquarters are located in Oklahoma City, Oklahoma.

Oklahoma City, OK

2,300 employees

www.devonenergy.com

Energy / Oil & Gas Exploration & Production

Sector: Energy
Industry: Oil & Gas Exploration & Production
CEO: Clay Gaspar

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