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Devon Energy (DVN 5.53%) has spent several years building a larger-scale, low-cost U.S. onshore oil and gas producer. That strategy enables the company to produce more free cash flow.
Devon Energy Corporation (NYSE:DVN ) Q1 2025 Results Conference Call May 7, 2025 11:00 AM ET Company Participants Rosy Zuklic - VP, IR Clay Gaspar - CEO Jeff Ritenour - CFO Trey Lowe - SVP Technology and CTO John Raines - SVP E&P Asset Management Tom Hellman - senior vice president, E&P Conference Call Participants Neil Mehta - Goldman Sachs Arun Jayaram - J.P. Morgan Paul Cheng - Scotiabank Scott Hanold - RBC Capital Markets Kalei Akamine - Bank of America John Freeman - Raymond James Betty Jiang - Barclays Kevin MacCurdy - Pickering Energy Partners Matthew Portillo - TPH Operator Welcome to Devon Energy's First Quarter 2025 Conference Call.
DVN's total revenues in the first quarter are better than expected. Strong production volumes from the Rockies region continue to boost the total production.
Devon Energy (DVN) came out with quarterly earnings of $1.21 per share, missing the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.16 per share a year ago.
Devon Energy missed first-quarter profit estimates on Tuesday, hit by lower oil prices.
OKLAHOMA CITY, May 06, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the first-quarter 2025. The company also declared its quarterly dividend and provided an updated 2025 outlook. Devon's earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, www.devonenergy.com.
Both Meta and Microsoft reported after-the-bell on Wednesday, blowing past analyst estimates. With 72% of the S&P 500 having reported for Q1 at this point, the blended EPS growth rate stands at 12.8%, above the 10.1% reading from last week. Eight companies within the S&P 500 confirmed outlier earnings dates for this week, all of which are later than usual and therefore have negative DateBreaks Factors.
Devon Energy (DVN) closed the most recent trading day at $31.44, moving +0.9% from the previous trading session.
Evaluate the expected performance of Devon Energy (DVN) for the quarter ended March 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
DVN stock's first-quarter earnings are expected to gain from strong production volumes from multi-basin domestic assets. Systematic hedges also protect its production volumes.