- Devon reported core earnings per share (EPS) of 84 cents, which is below last year’s $1.41 and below the estimated 85 cents.
- Production reached 841,000 oil-equivalent barrels per day, surpassing the estimate of 817,287 barrels.
- Free cash flow amounted to $589 million, a slight increase of 0.3% year-over-year, exceeding the estimate of $479.2 million.
- For 2025, Devon forecasts oil production between 384,000 and 390,000 barrels per day.
- Total production volume is expected to be between 825,000 and 842,000 barrels of oil equivalent per day for 2025.
- Devon anticipates capital spending to be in the range of $3.6 billion to $3.8 billion for 2025, previously estimated at about $3.8 billion.
- For the third quarter, Devon expects average oil production to remain between 384,000 and 390,000 barrels per day.
- Projected capital spending for the third quarter is approximately $900 million.
- Analyst recommendations include 22 buy ratings, 11 hold ratings, and 1 sell rating.
Devon Energy on Smartkarma
Analyst coverage of Devon Energy on Smartkarma has been positive, with reports from Baptista Research highlighting the company’s strong performance despite market volatility and demand uncertainty. In the first quarter of 2025, Devon Energy showcased operational discipline and capital efficiency, adapting well to fluctuating commodity prices. The company maintained a focus on a robust balance sheet, operational efficiency, and delivering returns to shareholders even in challenging market conditions. Baptista Research‘s insights emphasize Devon Energy‘s ability to thrive in adverse environments.
Furthermore, Baptista Research‘s analysis of Devon Energy‘s fourth-quarter 2024 report underscores the company’s operational efficiency in the Eagle Ford region as a strategic growth enabler. Devon Energy‘s impressive performance led to the generation of $3 billion in free cash flow, demonstrating financial strength. Additionally, the company’s commitment to delivering shareholder value was evident with a $2 billion return to shareholders. The reports from Baptista Research provide valuable insights into Devon Energy‘s financial performance and strategic focus on shareholder returns and operational excellence.
A look at Devon Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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
With a solid overall outlook according to Smartkarma Smart Scores, Devon Energy Corporation appears well-positioned for long-term success in the energy sector. The company scores high in areas such as value, dividend, and resilience, indicating strong fundamentals and stability. This suggests that Devon Energy may be an attractive investment option for those seeking reliable returns and consistent performance.
While the growth and momentum scores are slightly lower, Devon Energy‘s robust presence in oil and gas exploration, production, and transportation, coupled with its marketing and midstream operations in North America, provides a solid foundation for future growth potential. Investors looking for a balanced investment with a focus on value and stability may find Devon Energy to be a promising choice in the energy industry.
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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