Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Devon Energy reported solid results for the third quarter of 2025, showcasing a robust performance across critical operational and financial metrics.</li><li>The company exceeded its guidance on numerous fronts, including production, operating costs, and capital efficiency, highlighting strong asset quality and commitment to operational discipline.</li><li>A primary focus of Devon Energy's strategy this quarter was its business optimization plan, with a goal to generate an additional $1 billion in annual pretax free cash flow.</li></ul>

Devon Energy reported solid results for the third quarter of 2025, showcasing a robust performance across critical operational and financial metrics.The company exceeded its guidance on numerous fronts, including production, operating costs, and capital efficiency, highlighting strong asset quality and commitment to operational discipline.A primary focus of Devon Energy's strategy this quarter was its business optimization plan, with a goal to generate an additional $1 billion in annual pretax free cash flow.

Devon Energy: Strengthened Low-Cost Portfolio & Capital Allocation Focused on the Delaware Basin Yielding Results?

<ul><li>Devon Energy Corporation's latest quarterly results reveal a blend of operational, financial, and strategic activities that highlight both its accomplishments and challenges.</li><li>The company has surpassed expectations with its production performance, particularly from its asset in the Delaware Basin, while also achieving a 7% reduction in capital spending from guided figures.</li><li>This effective cost management and operational excellence generated a significant free cash flow of $589 million for the quarter.</li></ul>

Devon Energy Corporation's latest quarterly results reveal a blend of operational, financial, and strategic activities that highlight both its accomplishments and challenges.The company has surpassed expectations with its production performance, particularly from its asset in the Delaware Basin, while also achieving a 7% reduction in capital spending from guided figures.This effective cost management and operational excellence generated a significant free cash flow of $589 million for the quarter.

Devon Energy: Gas Marketing & Infrastructure Optimization For A Competitive Edge!

<ul><li>In the first quarter of 2025, Devon Energy demonstrated a balanced performance through a combination of operational discipline and capital efficiency.</li><li>The quarter saw the company showcasing its ability to adapt and thrive despite fluctuating commodity price environments.</li><li>Devon Energy's results were characterized by a focus on maintaining a strong balance sheet, optimizing operational efficiency, and committing to shareholder returns even in adverse market conditions.</li></ul>

In the first quarter of 2025, Devon Energy demonstrated a balanced performance through a combination of operational discipline and capital efficiency.The quarter saw the company showcasing its ability to adapt and thrive despite fluctuating commodity price environments.Devon Energy's results were characterized by a focus on maintaining a strong balance sheet, optimizing operational efficiency, and committing to shareholder returns even in adverse market conditions.

Devon Energy: How Is The Management Dealing With Market Volatility and Demand Uncertainty?

<ul><li>Devon Energy Corporation's fourth-quarter 2024 report presents both positive performance details and areas needing consideration.</li><li>The company announced an impressive operational performance, yielding substantial financial results, particularly noted by the generation of $3 billion in free cash flow.</li><li>This financial strength enabled a return of $2 billion to shareholders, aligning with Devon’s strategic commitment to delivering shareholder value.</li></ul>

Devon Energy Corporation's fourth-quarter 2024 report presents both positive performance details and areas needing consideration.The company announced an impressive operational performance, yielding substantial financial results, particularly noted by the generation of $3 billion in free cash flow.This financial strength enabled a return of $2 billion to shareholders, aligning with Devon’s strategic commitment to delivering shareholder value.

Devon Energy: Operational Efficiency In The Eagle Ford As A Strategic Growth Enabler!

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

Interactive Brokers Group, Inc / Index Rebalance

<ul>
<li>The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.</li>
<li>In this insight, we take a look at the upcoming constituent changes in the run up to the September 2025 index rebal event.</li>
<li>We expect two regular changes in September 2025 - maybe $10bn a side. There are also a couple of live M&amp;A events which are likely to trigger intra-review index changes.</li>
</ul>


The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.
In this insight, we take a look at the upcoming constituent changes in the run up to the September 2025 index rebal event.
We expect two regular changes in September 2025 - maybe $10bn a side. There are also a couple of live M&amp;A events which are likely to trigger intra-review index changes.


[Quiddity Index] S&P500/400/600 Sep25 Rebal: Two Possible Changes, But One Iffy

United States

Devon Energy Corporation is an independent energy company that is involved primarily in oil and gas exploration, development and production, the transportation of oil, gas, and NGLs and the processing of natural gas. The Company also has marketing and midstream operations primarily in North America that include gas, crude oil and NGLs.

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Devon Energy (DVN US)

Devon Energy: Strengthened Low-Cost Portfolio & Capital Allocation Focused on the Delaware Basin Yielding Results?

Devon Energy reported solid results for the third quarter of 2025, showcasing a robust performance across critical operational and financial...

Baptista Research

Devon Energy: Gas Marketing & Infrastructure Optimization For A Competitive Edge!

Devon Energy Corporation's latest quarterly results reveal a blend of operational, financial, and strategic activities that highlight both its...

Baptista Research

Devon Energy: How Is The Management Dealing With Market Volatility and Demand Uncertainty?

In the first quarter of 2025, Devon Energy demonstrated a balanced performance through a combination of operational discipline and capital...

Baptista Research

Devon Energy: Operational Efficiency In The Eagle Ford As A Strategic Growth Enabler!

Devon Energy Corporation's fourth-quarter 2024 report presents both positive performance details and areas needing consideration. The company...

Baptista Research

[Quiddity Index] S&P500/400/600 Sep25 Rebal: Two Possible Changes, But One Iffy

We expect IBKR and possibly APP to join the S&P500 in September. We expect two deletes. MSTR has moved to second place BUT it has issues which...

Travis Lundy

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