Devon Energy(US:DVN) ZACKSยท2025-02-19 01:00Core Insights - Devon Energy reported revenue of $4.4 billion for the quarter ended December 2024, reflecting a 6.2% increase year-over-year and a surprise of +3.93% over the Zacks Consensus Estimate of $4.24 billion [1] - The company's EPS was $1.16, down from $1.41 in the same quarter last year, with an EPS surprise of +16.00% compared to the consensus estimate of $1.00 [1] Financial Performance - Total oil equivalent production was 848 million barrels per day, exceeding the seven-analyst average estimate of 821 million barrels [4] - Average daily oil production was 398 million barrels, surpassing the six-analyst average estimate of 386.04 million barrels [4] - Average daily gas production reached 1,371 million cubic feet, above the six-analyst average estimate of 1,321.45 million cubic feet [4] - Average daily NGL production was 221 million barrels, compared to the six-analyst average estimate of 214.77 million barrels [4] Revenue Breakdown - Marketing and midstream revenues were reported at $1.40 billion, exceeding the average estimate of $1.22 billion and representing a year-over-year increase of +29.2% [4] - Oil, gas, and NGL sales amounted to $3.09 billion, surpassing the four-analyst average estimate of $2.96 billion, with a year-over-year change of +12.8% [4] - Oil, gas, and NGL derivatives reported a loss of -$84 million, contrasting with the two-analyst average estimate of $74.38 million, indicating a year-over-year change of -125.9% [4] Stock Performance - Devon Energy's shares have returned -8.7% over the past month, while the Zacks S&P 500 composite increased by +4.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]