NYSE$DVN
Devon Energy Corp · Q1 2026 earnings
Q1 2026 earnings · · After market close · Investor relations
Briefing
Devon Energy reported Q1 2026 total revenues of $3.81B (-14% YoY), net earnings of $120M, and diluted EPS of $0.19.
For the quarter ended March 31, 2026, Devon posted total revenues of $3.81 billion versus $4.45 billion and net earnings attributable to Devon of $120 million ($0.19 diluted EPS) compared with $494 million ($0.77). Lower commodity realizations and volumes weighed on results; the company continues returning cash via dividends and buybacks.
- Total revenues $3.81B (-14% YoY).
- Net earnings $120M; diluted EPS $0.19.
- Oil and gas production costs managed amid lower prices.
- Shareholder returns remain strategic priority.
- Portfolio focused on Delaware Basin and Eagle Ford.
Headline financials
Revenue & EPS history
Devon Energy · Revenue · Quarterly
$3.81B
Forward guidance
E&P company updates production and capital budget on calls; sensitive to WTI and gas prices.
Tailwinds
- Still profitable at lower commodity deck.
- Balance sheet flexibility.
Headwinds
- Earnings down sharply on price/volume.
- Commodity cyclicality.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
-0.0%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+2.9%
Avg return
30 days after
55%
40 / 73 earnings
Positive
+13.6%
Q2 2020
Best reaction
-12.8%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.7% | -8.3% | -13.2% | |
| Q4 2025 | +1.5% | -0.8% | +10.5% | |
| Q3 2025 | +0.4% | +8.7% | +15.9% | |
| Q2 2025 | -0.2% | +2.7% | +7.1% | |
| Q1 2025 | -1.1% | +9.7% | +5.6% | |
| Q4 2024 | +7.7% | +7.0% | +3.6% | |
| Q3 2024 | +2.2% | -0.7% | -8.1% | |
| Q2 2024 | +4.1% | +8.3% | +1.4% | |
| Q1 2024 | -1.6% | -0.6% | -4.1% | |
| Q4 2023 | +0.5% | +1.3% | +14.5% | |
| Q3 2023 | -5.4% | -2.4% | -7.0% | |
| Q2 2023 | -7.9% | -5.9% | -5.4% | |
| Q1 2023 | -2.4% | -5.6% | -0.6% | |
| Q4 2022 | -10.0% | -16.1% | -27.2% | |
| Q3 2022 | -12.8% | -7.6% | -11.7% | |
| Q2 2022 | -3.5% | -9.9% | +12.4% | |
| Q1 2022 | +10.5% | +19.8% | +31.5% | |
| Q4 2021 | +3.0% | +4.8% | +10.1% | |
| Q3 2021 | -0.0% | +3.8% | -1.0% | |
| Q2 2021 | -0.8% | +6.0% | +15.0% | |
| Q1 2021 | +6.8% | +11.0% | +32.0% | |
| Q4 2020 | +8.8% | +4.3% | +11.9% | |
| Q3 2020 | +10.2% | +19.0% | +82.5% | |
| Q2 2020 | +13.6% | +14.2% | -1.2% | |
| Q1 2020 | +0.6% | +11.2% | +11.4% | |
| Q4 2019 | -0.4% | -8.1% | -71.3% | |
| Q3 2019 | -2.2% | +1.5% | -2.2% | |
| Q2 2019 | +0.4% | -0.0% | -2.3% | |
| Q1 2019 | -2.7% | -4.5% | -21.2% | |
| Q4 2018 | +6.5% | +4.3% | +11.4% | |
| Q3 2018 | +2.3% | -0.3% | -16.2% | |
| Q2 2018 | -3.5% | -4.5% | -4.3% | |
| Q1 2018 | +5.2% | +4.2% | +14.4% | |
| Q4 2017 | -10.4% | -7.9% | -5.3% | |
| Q3 2017 | +8.6% | +9.1% | +7.0% | |
| Q2 2017 | +0.3% | +1.1% | -5.7% | |
| Q1 2017 | -2.9% | -3.3% | -12.8% | |
| Q4 2016 | -2.3% | -2.4% | -10.0% | |
| Q3 2016 | +4.4% | +6.1% | +26.3% | |
| Q2 2016 | +5.8% | +10.0% | +21.7% | |
| Q1 2016 | -9.4% | — | — | |
| Q4 2015 | -6.3% | — | — | |
| Q3 2015 | +7.8% | — | — | |
| Q2 2015 | -2.9% | — | — | |
| Q1 2015 | -2.2% | — | — | |
| Q4 2014 | -3.8% | — | — | |
| Q3 2014 | +5.3% | — | — | |
| Q2 2014 | -1.5% | — | — | |
| Q1 2014 | +1.1% | — | — | |
| Q4 2013 | +2.6% | — | — | |
| Q3 2013 | -6.3% | — | — | |
| Q2 2013 | +5.1% | — | — | |
| Q1 2013 | +2.9% | — | — | |
| Q4 2012 | -9.4% | — | — | |
| Q3 2012 | -9.4% | — | — | |
| Q2 2012 | -6.3% | — | — | |
| Q1 2012 | -5.9% | — | — | |
| Q4 2011 | +0.1% | — | — | |
| Q3 2011 | +5.8% | — | — | |
| Q2 2011 | -7.8% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2010 | +3.5% | — | — | |
| Q3 2010 | +3.8% | — | — | |
| Q2 2010 | -0.7% | — | — | |
| Q1 2009 | -4.3% | — | — | |
| Q1 2010 | +2.2% | — | — | |
| Q4 2007 | +0.7% | — | — | |
| Q4 2009 | +0.7% | — | — | |
| Q3 2009 | +1.4% | — | — | |
| Q3 2008 | +1.4% | — | — | |
| Q2 2009 | +0.9% | — | — | |
| Q2 2008 | +0.9% | — | — | |
| Q4 2008 | +0.9% | — | — |
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