Earnings Alerts

Devon Energy (DVN) Earnings: 2Q Core EPS Misses Estimates Despite Strong Production and Free Cash Flow Increase

  • Devon Energy‘s Core Earnings Per Share (EPS) for the second quarter was reported at 84 cents, missing the estimated figure of 85 cents, and significantly lower than the previous year’s figure of $1.41.
  • The company’s production increased to 848 thousand barrels of oil equivalent per day (mboed), surpassing both the previous year’s production of 707,000 mboed and the estimate of 817,287 mboed.
  • Devon Energy reported a free cash flow of $738 million for the quarter, marking a 26% year-over-year increase, and well above the estimated $479.2 million.
  • The stock is currently rated with 22 buys, 11 holds, and 1 sell from analysts.

Devon Energy on Smartkarma

Analysts at Baptista Research on Smartkarma have recently covered Devon Energy, providing valuable insights into the company’s performance and strategic direction. In their report titled “Devon Energy: How Is The Management Dealing With Market Volatility and Demand Uncertainty?”, Devon Energy‘s first-quarter 2025 performance was highlighted for its operational discipline and capital efficiency.

The analysts noted Devon Energy‘s ability to adapt and thrive in fluctuating commodity price environments, emphasizing the company’s focus on maintaining a strong balance sheet, optimizing operational efficiency, and prioritizing shareholder returns even in challenging market conditions. Another report by Baptista Research, “Devon Energy: Operational Efficiency In The Eagle Ford As A Strategic Growth Enabler!”, praised the company’s fourth-quarter 2024 operational performance, which led to significant financial results and the generation of $3 billion in free cash flow, demonstrating Devon Energy‘s commitment to delivering value to shareholders.


A look at Devon Energy Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience4
Momentum3
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores analysis, Devon Energy is positioned for a favorable long-term outlook. With strong scores in Value, Dividend, and Resilience, the company demonstrates stability and potential for growth. Devon Energy‘s robust Value and Dividend scores indicate that it is undervalued and has the capacity to provide attractive returns to investors over time. Additionally, its Resilience score suggests that the company is well-equipped to weather market uncertainties and challenges.

While Devon Energy‘s Growth and Momentum scores are slightly lower, the overall picture remains positive. As an independent energy company engaged in various aspects of the energy sector, including exploration, production, and transportation, Devon Energy‘s diversified operations position it well for long-term success, especially in the dynamic North American market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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