DEVON ENERGY CORP/DE(DVN)— Stock Profile, AI Score & Financials
Energy · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings.
DEVON ENERGY CORP/DE (DVN) stock profile, AI quality score, and SEC EDGAR financial data, a Energy sector company. 13F Pro's AI-powered ranking engine scores DVN at 74.8/100 on a 32-signal composite quality model, placing it at rank #107 of 2,960 stocks — the top 5% of the AI-ranked universe. DVN scores in the top quartile across revenue scale (92.4), institutional flow (83.5), free cash flow (77.4). Based on the latest XBRL financial filings (Q2 2026), DEVON ENERGY CORP/DE reports quarterly revenue of $7.4B, net income of $1.9B, free cash flow of $2.4B. Top institutional holders of DVN by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. DVN trades on the NYSE exchange and files with the SEC under CIK 1090012. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate DVN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for DEVON ENERGY CORP/DE directly from SEC EDGAR.
AI Quality Score
74.8/100
AI Rank
#107
Revenue
$7.4B
Net Income
$1.9B
Free Cash Flow
$2.4B
DVN key financials by period
DEVON ENERGY CORP/DE reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$17.2B
$2.6B
20.2%
FY 2024
10-K/A
$15.9B
$2.9B
23.3%
FY 2023
10-K
$15.3B
$3.7B
30.3%
FY 2022
10-K
$19.2B
$6.0B
40.6%
FY 2021
10-K
$12.2B
$2.8B
23.7%
FY 2020
10-K
$4.8B
$-2.7B
-64.0%
Institutions holding DVN
Institutional investors reporting a position in DEVON ENERGY CORP/DE on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-05 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
First quarter including the Coterra merger (closed May 7, 2026): total revenues of $7,417M and net earnings of $1.9B, or $2.03 per diluted share.
Biggest Revenue Drivers
Oil, gas and NGL sales$5,106M
Unhedged oil and NGL prices rose on higher WTI and Mont Belvieu index prices; volumes now include Coterra legacy assets of ~488 MBoe/d.
Marketing and midstream revenues$1,897M
Largely offset by $1,874M of marketing and midstream expenses; net marketing and midstream operations contributed $23 million.
Biggest Revenue Drivers
Total revenue: $7.4B
Oil, gas and NGL sales$5,106M
Unhedged oil and NGL prices rose on higher WTI and Mont Belvieu index prices; volumes now include Coterra legacy assets of ~488 MBoe/d.
Within Oil, gas and NGL sales
Oil (within oil, gas and NGL sales)$4,354M
Oil production of 503 MBbls/d; realized price unhedged $95.10/Bbl versus $69.66 in Q1 2026.
NGL (within oil, gas and NGL sales)$648M
NGL volumes of 314 MBbls/d at an unhedged realized price of $22.70/Bbl, up 28% from Q1 2026.
Marketing and midstream revenues$1,897M
Largely offset by $1,874M of marketing and midstream expenses; net marketing and midstream operations contributed $23 million.
Oil, gas and NGL derivatives$414M
Commodity hedge valuation changes of $530 million, partly offset by $116 million of negative cash settlements.
Largest Expense Items
Marketing and midstream expenses$1,874M
Broadly matched marketing and midstream revenues of $1,897M.
Depreciation, depletion and amortization$1,416M+57% QoQ
Increased primarily due to the Merger closing on May 7, 2026, driven by higher production volumes from acquired assets.
Production expenses$1,393M+56% QoQ
Increased primarily due to the Merger; production taxes also rose with higher WTI and Mont Belvieu index prices.
Restructuring and transaction costs$246M
$198M restructuring for severance, relocation and contract terminations, plus $48M of bank, legal and advisory transaction fees.
Margins: LOE fell 22% to $5.06/Boe and G&A fell 15% to $1.41/Boe on post-merger asset mix, while gathering, processing & transportation rose 24% to $3.16/Boe. Combined unhedged realized price rose 4% to $41.30/Boe.
Watch Items from the Filing
Unhedged gas realized $0.35/Mcf, only 12% of the $2.90 Henry Hub index, on expanded Permian differentials including negative Waha spot pricing.
Merger integration risk: $246M of restructuring and transaction costs this quarter against a target of $1.0B annual pre-tax synergies by year-end 2027.
Acquired ~16,300 net Permian acres for approximately $2.6 billion of cash in a BLM lease sale, contributing to $3,998M of quarterly capital expenditures.
Legacy liabilities: ~$150M accrued for East Bay decommissioning, plus EPA notices of violation where resolution may exceed $1 million in penalties each.
Total debt of $11.4B after assuming $3.5B of Coterra notes, but debt-to-capitalization is 18.1% and no maturities until Q2 2027.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
