Devon Energy (DVN) Q2 Earnings Beat Estimates, '24 View Raised

Devon Energy Corp. (DVN) reported second-quarter 2024 earnings per share (EPS) of $1.41, outpacing the Zacks Consensus Estimate of $1.29 by 9.3%. Strong production volumes and efficient cost management allowed the company to enjoy the benefit of rising oil prices in the quarter. GAAP earnings per share in the reported quarter were $1.34 compared with $1.07 in the year-ago quarter. The difference between GAAP and operating earnings in the second quarter was due to a 4-cent impact of fair value changes in fin ...