Earnings Summary

Devon Energy Corporation’s revenue fell -38.61% since last year same period to $3454Mn in the Q2 2023. On a quarterly growth basis, Devon Energy Corporation has generated -9.65% fall in its revenue since last 3-months.

Devon Energy Corporation’s net profit fell -64.29% since last year same period to $690Mn in the Q2 2023. On a quarterly growth basis, Devon Energy Corporation has generated -30.65% fall in its net profits since last 3-months.

Devon Energy Corporation’s net profit margin fell -41.83% since last year same period to 19.98% in the Q2 2023. On a quarterly growth basis, Devon Energy Corporation has generated -23.24% fall in its net profit margins since last 3-months.

Devon Energy Corporation’s earning per share (EPS) estimates for the current quarter stand at 2.08 - a -2.35% fall from last quarter’s estimates.

Devon Energy Corporation’s earning per share (EPS) estimates for the current year stand at 2.08.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Devon Energy Corporation’s return on assets (ROA) stands at 0.17.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Devon Energy Corporation’s return on equity (ROE) stands at 0.45.

Devon Energy Corporation declared 0.89 dividend per share during the earnings announcement for Q1 2023.