DEVON ENERGY CORP/DE(DVN)Stock Analysis
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Rank #326 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
DVN Stock Analysis & AI Quality Score
AI stock analysis and institutional research for DEVON ENERGY CORP/DE (DVN), a Energy sector company. 13F Pro's AI-powered ranking engine scores DVN at 70.2/100 on a 32-signal composite quality model, placing it at rank #326 of 2,879 stocks — the top 25% of the AI-ranked universe. DVN scores in the top quartile across revenue scale (91.8), institutional flow (91.3), balance sheet strength (78.5). Areas of concern include earnings quality (20.6), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), DEVON ENERGY CORP/DE reports quarterly revenue of $3.8B, net income of $120.0M, free cash flow of $816.0M. 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. DEVON ENERGY CORP/DE's 13F Pro composite quality score has ranged between 8 and 88 since 2021, currently 70.2 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
What's Driving DVN's Business? Latest 10-Q Breakdown
✓ 20/20 datapoints verifiedAI-extracted from DEVON ENERGY CORP/DE's 10-Q filed 2026-05-06 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net earnings of $120M on $3.8B revenue as commodity hedges swung to $644M fair-value loss; Coterra merger set to close May 7, 2026.
Biggest Revenue Drivers
Total revenue: $3,807M-14% YoY
Lower unhedged realized gas and NGL prices partially offset by higher oil prices.
Increased marketing and midstream segment activity.
Largest Expense Items
Aligned with marketing and midstream revenues growth.
Increased DD&A rate from 2025 drilling and development activity.
Higher production taxes offset by lower gathering and transportation costs.
Reduced labor and non-labor costs.
Margins: Field-level cash margin declined to $27.78/BOE from $30.16/BOE YoY due to lower realized gas and NGL prices despite higher oil realizations. Gross margin pressure from commodity price declines was partially offset by production expense management.
Watch Items from the Filing
- Pending Coterra merger expected to close May 7, 2026; all-stock transaction (0.70 Devon shares per Coterra share) targets $1.0B annual synergies and enhanced scale in Delaware Basin.
- Non-cash commodity derivative fair-value loss of $644M in Q1 2026 vs. $88M loss in Q1 2025; net derivative position is $451M liability as of March 31, 2026.
- East Bay Field legacy decommissioning liability of $175M accrued as of March 31, 2026; ultimate costs subject to bankruptcy proceedings outcomes and actual decommissioning expenses.
- Share repurchase program suspended pending Merger close; $538M of $5.0B authorization remains unexercised with June 30, 2026 expiration.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$3.8B
Net Income
Q1 2026
$120.0M
Free Cash Flow
Q1 2026
$816.0M
D/E Ratio
Q1 2026
0.67
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-20.4% YoYNet Income
-38.0% YoYOperating Income
EPS (Diluted)
-36.0% YoYTotal Assets
+3.2% YoYTotal Debt
+2.6% YoYOp. Cash Flow
-23.3% YoY| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $15.26B -20.4% | $19.17B +57.0% | $12.21B +96.2% | $6.22B -4.3% | $6.50B -3.7% | $6.75B |
| Net Income | $3.74B -38.0% | $6.03B +114.8% | $2.81B +891.0% | $-355.0M -139.5% | $898.0M +185.0% | $-1.06B |
| Operating Income | — | — | — | — | — | $-2.90B |
| EPS (Diluted) | $5.84 -36.0% | $9.12 +117.7% | $4.19 +570.8% | $-0.89 -152.4% | $1.70 +181.3% | $-2.09 |
| Total Assets | $24.49B +3.2% | $23.72B +12.8% | $21.02B +53.3% | $13.72B -54.6% | $30.24B +5.5% | $28.68B |
| Total Debt | $7.12B +2.6% | $6.94B +7.1% | $6.48B +51.0% | $4.29B -37.4% | $6.86B -32.4% | $10.15B |
| Operating Cash Flow | $6.54B -23.3% | $8.53B +74.1% | $4.90B | — | $2.91B +93.9% | $1.50B |
AI Insight: DVN Ratio Trends
Devon Energy's profitability collapsed in Q1 2026, with operating margin plunging to 4.4% from 18.1% in the prior quarter.
• Operating margin fell 13.7pp Q4 2025 to Q1 2026 (18.1% to 4.4%), the steepest sequential decline in the dataset.
• ROE contracted to 3.1% in Q1 2026 from 14.5% in Q4 2025; ROIC dropped to 2.6% from 11.5%.
• Leverage stable at 0.67 D/E ratio; balance sheet structure unchanged despite earnings deterioration.
⚠ Q1 2026 profitability metrics (4.4% OpMargin, 3.1% NPM) suggest commodity price weakness or seasonal trough.
⚠ Pattern shows volatility: Q2 typically strong (26.6%–27.1% OpMargin), Q1 weak. Monitor Q2 2026 recovery timing.
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Popular Research
Is DVN a good stock to buy?
13F Pro's AI-powered analysis of DEVON ENERGY CORP/DE (DVN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for DVN are available on the DVN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own DVN?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling DVN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of DEVON ENERGY CORP/DE's investment landscape.