Devon Energy Corporation (DVN) income statement
NYSE · Energy · Oil & Gas Exploration & Production · 2,200 employees · CEO Clay Gaspar
- Price
- $52.15 +1.93%
- Market cap
- $57.4B
- Enterprise value
- $68.1B
- Last report
- Q2 '26 filed 2026-08-05
- Next report
- 2026-11-05 EPS est. $1.31
Devon Energy Corporation (DVN) reported revenue of $7.42B for Q2 '26 (+73.1% year on year), operating income of $2.56B (34.5% of revenue) and net income of $1.91B. Over the last four quarters revenue was $19.7B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.84B | $4.15B | $3.6B | $3.92B | $4.02B | $4.4B | $4.45B | $4.28B | $4.33B | $4.12B | $3.81B | $7.42B | |
| Cost of revenue | $2.57B | $2.5B | $2.61B | $2.66B | $2.71B | $3.25B | $3.26B | $3.17B | $3.23B | $3.14B | $3.35B | $3.27B | |
| Gross profit | $1.27B | $1.64B | $990M | $1.25B | $1.32B | $1.15B | $1.19B | $1.11B | $1.1B | $981M | $462M | $4.15B | |
| General & administrative | $99M | $111M | $114M | $114M | $113M | $155M | $130M | $113M | $114M | $135M | $125M | $175M | |
| Other operating expenses | -$5M | $12M | $9M | $3M | $4M | $51M | $10M | $20M | $8M | $5M | $25M | $1.42B | |
| Operating expenses | $94M | $123M | $123M | $117M | $117M | $206M | $140M | $133M | $122M | $140M | $150M | $1.59B | |
| Operating income | $1.17B | $1.52B | $867M | $1.14B | $1.2B | $943M | $1.05B | $981M | $982M | $841M | $312M | $2.56B | |
| Interest income | $7M | $12M | $13M | $14M | $19M | $16M | $10M | $14M | $18M | $14M | $14M | $22M | |
| Interest expense | $90M | $87M | $89M | $90M | $98M | $139M | $133M | $130M | $125M | $119M | $123M | $144M | |
| Other non-operating income (gains on investments, FX ...) | $9M | $3M | $12M | $8M | $39M | -$25M | $279M | -$306M | -$55M | -$25M | $28M | $3M | |
| Total non-operating income | -$102M | -$90M | -$99M | -$96M | -$137M | -$103M | -$406M | $180M | -$70M | -$94M | -$146M | -$175M | |
| Income before tax | $1.07B | $1.43B | $768M | $1.04B | $1.06B | $840M | $646M | $1.16B | $912M | $747M | $166M | $2.38B | |
| Income tax | $152M | $269M | $159M | $185M | $239M | $187M | $137M | $244M | $219M | $185M | $46M | $473M | |
| Net income | $910M | $1.15B | $596M | $844M | $812M | $639M | $494M | $899M | $687M | $562M | $120M | $1.91B | |
| EPS (basic) | $1.44 | $1.81 | $0.95 | $1.35 | $1.31 | $0.98 | $0.77 | $1.42 | $1.09 | $0.91 | $0.19 | $2.04 | |
| EPS (diluted) | $1.41 | $1.81 | $0.94 | $1.34 | $1.30 | $0.99 | $0.77 | $1.41 | $1.09 | $0.90 | $0.19 | $2.03 | |
| Shares (basic, weighted) | 635M | 635M | 629M | 626M | 622M | 623M | 643M | 635M | 635M | 621M | 621M | 937M | |
| Shares (diluted, weighted) | 638M | 638M | 632M | 628M | 623M | 623M | 645M | 636M | 636M | 622M | 622M | 940M | |
| Depreciation & amortization | $651M | $650M | $722M | $768M | $794M | $971M | $912M | $914M | $879M | $890M | $904M | $1.42B | |
| EBITDA | $1.82B | $2.17B | $1.58B | $1.9B | $1.96B | $1.94B | $1.69B | $2.2B | $1.92B | $1.76B | $1.19B | $3.97B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.3B | $6.5B | $8.9B | $6.22B | $4.83B | $12.2B | $19.2B | $15.3B | $15.9B | $17.2B | |
| Cost of revenue | $9.43B | $5.36B | $6.7B | $5.51B | $4.44B | $8.53B | $10.8B | $9.89B | $11.2B | $12.8B | |
| Gross profit | $872M | $1.14B | $2.19B | $714M | $392M | $3.68B | $8.37B | $5.37B | $4.71B | $4.39B | |
| General & administrative | $865M | $645M | $574M | $475M | $338M | $391M | $395M | $408M | $500M | $492M | |
| Other operating expenses | $2.9B | $346M | $128M | $79M | $54M | $42M | $54M | $20M | $28M | $43M | |
| Operating expenses | $3.77B | $991M | $702M | $554M | $392M | $433M | $449M | $428M | $528M | $535M | |
| Operating income | -$2.9B | $152M | $1.49B | $160M | $0 | $3.25B | $7.92B | $4.94B | $4.18B | $3.86B | |
| Interest income | $0 | $0 | $0 | $0 | $12M | $2M | $38M | $55M | $38M | $56M | |
| Interest expense | $427M | $337M | $594M | $250M | $282M | $361M | $347M | $363M | $401M | $511M | |
| Other non-operating income (gains on investments, FX ...) | -$2.2B | -$225M | $261M | $9M | $2.83B | -$40M | -$225M | -$53M | $69M | -$107M | |
| Total non-operating income | $1.58B | -$112M | -$548M | -$269M | -$3.09B | -$348M | -$145M | -$316M | -$470M | -$390M | |
| Income before tax | -$1.32B | $40M | $944M | -$109M | -$3.09B | $2.9B | $7.78B | $4.62B | $3.71B | $3.47B | |
| Income tax | $141M | $7M | $230M | -$30M | -$547M | $65M | $1.74B | $841M | $770M | $785M | |
| Net income | -$1.06B | $898M | $3.06B | -$355M | -$2.68B | $2.81B | $6.02B | $3.75B | $2.89B | $2.64B | |
| EPS (basic) | -$6.51 | $1.71 | $6.14 | -$0.20 | -$7.12 | $4.20 | $9.15 | $5.86 | $4.57 | $4.21 | |
| EPS (diluted) | -$6.44 | $1.70 | $6.10 | -$0.20 | -$7.12 | $4.18 | $9.12 | $5.84 | $4.57 | $4.20 | |
| Shares (basic, weighted) | 507M | 525M | 499M | 401M | 377M | 663M | 651M | 639M | 623M | 628M | |
| Shares (diluted, weighted) | 513M | 528M | 502M | 401M | 377M | 665M | 653M | 642M | 623M | 629M | |
| Depreciation & amortization | $1.59B | $1.01B | $1.23B | $1.5B | $1.3B | $2.16B | $2.22B | $2.55B | $3.26B | $3.6B | |
| EBITDA | $898M | $1.39B | $2.46B | $1.65B | -$1.53B | $5.44B | $10.4B | $7.55B | $7.37B | $7.56B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02