Devon Energy (NYSE:DVN) reported its Q3 earnings results on Tuesday, November 7, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Devon Energy beat estimated earnings by 12.24%, reporting an EPS of $1.65 versus an estimate of $1.47.
Revenue was down $1.60 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 7.34% drop in the share price the next day.
Here’s a look at Devon Energy’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.17 | 1.38 | 1.75 | 2.21 |
| EPS Actual | 1.18 | 1.46 | 1.66 | 2.18 |
| Revenue Estimate | 3.81B | 3.94B | 4.39B | 4.89B |
| Revenue Actual | 3.45B | 3.82B | 4.30B | 5.43B |
To track all earnings releases for Devon Energy visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
