Devon Energy(US:DVN) ZACKS·2025-05-12 22:00Core Insights - Devon Energy reported revenue of $4.45 billion for the quarter ended March 2025, reflecting a year-over-year increase of 23.8% [1] - The company's EPS was $1.21, slightly up from $1.16 in the same quarter last year, but below the consensus estimate of $1.27, resulting in an EPS surprise of -4.72% [1] - The revenue exceeded the Zacks Consensus Estimate of $4.36 billion, indicating a positive surprise of +2.05% [1] Financial Performance Metrics - Total oil equivalent production was 815 million barrels per day, slightly below the average estimate of 817.2 million barrels [4] - Average daily oil production was 388 million barrels, exceeding the average estimate of 383.85 million barrels [4] - Average daily gas production reached 1,346 million cubic feet, surpassing the estimate of 1,329.95 million cubic feet [4] - Average daily NGL production was 203 million barrels, below the estimate of 211.1 million barrels [4] - Marketing and midstream revenues were reported at $1.42 billion, exceeding the average estimate of $1.27 billion, with a year-over-year increase of +28.1% [4] - Revenues from oil, gas, and NGL sales totaled $3.13 billion, slightly above the estimate of $3.10 billion, marking an 18.9% year-over-year increase [4] - Oil revenues were $2.41 billion, slightly below the estimate of $2.43 billion [4] - NGL revenues were reported at $403 million, also below the estimate of $407.79 million [4] - The company reported a loss of $98 million from oil, gas, and NGL derivatives, contrasting with the average estimate of a $17.88 million gain, representing a year-over-year decline of -32.4% [4] Stock Performance - Devon Energy's shares have returned +15.2% over the past month, outperforming the Zacks S&P 500 composite, which saw a +3.8% change [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]