Devon Energy(US:DVN) ZACKS·2025-05-02 14:21Core Viewpoint - Devon Energy (DVN) is expected to report quarterly earnings of $1.27 per share, a 9.5% increase year-over-year, with revenues projected at $4.36 billion, reflecting a 21.3% year-over-year increase [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been revised downward by 13.7%, indicating a reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts project 'Revenues - Marketing and midstream revenues' to reach $1.27 billion, a 14% increase from the previous year [5]. - 'Revenues - Oil, gas and NGL sales' are expected to be $3.10 billion, representing a 17.9% year-over-year increase [5]. Production Estimates - Total oil equivalent production is estimated at 817.20 million barrels per day, up from 664 million barrels in the same quarter last year [6]. - Average Daily Production - Total Oil is projected at 383.85 million barrels, compared to 319 million barrels in the previous year [6]. - Average Daily Production - Total Gas is expected to be 1,329.95 million cubic feet, an increase from 1,079 million cubic feet year-over-year [7]. - Average Daily Production - Total NGL is estimated at 211.10 million barrels, up from 165 million barrels in the same quarter last year [7]. Price Estimates - The average realized price per barrel of oil is forecasted to be $68.99, down from $75.15 in the previous year [8]. - Production - Oil - Other is expected to reach 3.91 million barrels per day, compared to 4 million barrels in the same quarter last year [8]. Regional Production Insights - Production - Oil - Anadarko Basin is projected at 12.65 million barrels per day, up from 11 million barrels last year [9]. - Production - Oil - Eagle Ford is expected to reach 46.66 million barrels per day, compared to 43 million barrels in the same quarter last year [9]. - Production - NGL - Eagle Ford is estimated at 19.91 million barrels per day, up from 14 million barrels year-over-year [10]. - Production - NGL - Anadarko Basin is projected to be 29.44 million barrels per day, compared to 26 million barrels last year [10]. Stock Performance - Devon Energy shares have decreased by 6% over the past month, contrasting with a -0.5% change in the Zacks S&P 500 composite [11].