This year, the market fell out of love with Devon Energy (DVN -2.31%). At the time of writing, the stock is down more than 15% year to date. The move likely comes down to a combination of reasons that mask the fundamental attractiveness of the stock. As such, the dip in the share price looks like a good buying opportunity. Here's why.Devon Energy's disappointing stock performance in 2024Comparing Devon with one of its oil and gas exploration and production peers, Diamondback Energy (FANG -3.19%), helps to h ...

A high-yielding gas energy pipeline ETF and two oil companies gushing cash make up a list of three great stocks to buy for future dividends.These three stocks offer investors huge dividend potential for many years. The Global X MLP ETF (MLPA 0.62%) invests in master limited partnerships (MLPs) in midstream pipelines and storage. Meanwhile, Devon Energy (DVN -2.31%) and Diamondback Energy (FANG -3.19%) are oil and gas exploration and production companies set to gush cash in 2025 and use it to enhance dividen ...

Devon Energy Corporation (DVN) reported better-than-expected third-quarter 2024 earnings per share on Nov. 5. Earnings and revenues surpassed the respective Zacks Consensus Estimate by 3.8% and 7.2%. The third-quarter performance was driven by strong production volumes from the Delaware Basin, offset marginally by the drop in realized prices of the commodities.DVN has been reporting strong earnings results, courtesy of solid financial and operational performance from its multi-basin assets. The company surp ...

The natural gas sector consists of companies involved in exploring, producing, transporting, and distributing natural gas. These companies range from upstream producers to pipeline operators and local utility providers. Natural gas stocks offer potential investment opportunities in companies throughout the energy supply chain. The sector plays a crucial role in global energy markets, particularly in power generation and heating.Investing in natural gas stocks can provide several potential benefits. The dema ...

Devon Energy expects to produce a lot of oil and cash next year.Devon Energy (DVN 1.73%) is having a strong year. The oil company's legacy operations are firing on all cylinders, which was evident in its recent third-quarter earnings report. However, as good as things have been, the oil company expects them to get even better in the coming quarters. Fueling that view is its recently closed acquisition of Grayson Mill Energy. Here's a look at Devon's latest quarter and what it sees ahead.Drilling down into D ...

Devon Energy Corporation (NYSE:DVN) Q3 2024 Results Conference Call November 6, 2024 11:00 AM ET Company Participants Rosy Zuklic - Vice President of Investor Relations Rick Muncrief - President and Chief Executive Officer Clay Gaspar - Chief Operating Officer Jeff Ritenour - Chief Financial Officer Conference Call Participants Arun Jayaram - JPMorgan Neil Mehta - Goldman Sachs Kalei Akamine - Bank of America Merrill Lynch Scott Gruber - Citigroup Roger Read - Wells Fargo Neal Dingmann - Truist Paul Cheng - ...

Devon Energy Corp. (DVN) reported third-quarter 2024 earnings per share (EPS) of $2.51, outpacing the Zacks Consensus Estimate of $2.47 by 1.6%.GAAP earnings per share in the reported quarter were $1.30 compared with $1.34 in the year-ago quarter. The difference between GAAP and operating earnings in the third quarter was due to an impact of 20 cents from fair value changes in financial instruments, 1 cent from deferred tax asset valuation allowance, and 1 cent from restructuring and transaction costs.Stay ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-32318 DEVON ENERGY CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | |--------------------------------------- ...

Devon Energy (DVN) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.77%. A quarter ago, it was expected that this oil and gas exploration company would post earnings of $1.29 per share when it actually produced earnings of $1.41, delivering a surprise of 9.30%.Over the last four quar ...

Exhibit 99.2 Supplemental Tables TABLE OF CONTENTS: PAGE: Consolidated Statements of Earnings 2 Supplemental Information for Consolidated Statements of Earnings 3 Consolidated Balance Sheets 4 Consolidated Statements of Cash Flows 5 Production 6 Capital Expenditures and Supplemental Information for Capital Expenditures 7 Realized Pricing 8 Asset Margins 9 Core Earnings and EBITDAX 10 Net Debt, Net Debt-to-EBITDAX, Free Cash Flow, Adjusted Free Cash Flow and Reinvestment Rate 11 1 Devon Energy Third-Quarter ...