Devon Energy to Report Q3 Earnings: What's in Store for the Stock?

Core Viewpoint - Devon Energy Corporation (DVN) is anticipated to show an increase in revenue but a decrease in earnings for the third quarter of 2025, with results expected to be reported on November 5 [1][10] Group 1: Earnings and Production Expectations - Devon Energy is projected to maintain stable oil production, with an expected output of 387,000 barrels per day in Q3 2025, supported by strong performance from its multi-basin portfolio, particularly the Delaware Basin [2][10] - The company expects total production volumes to range between 829,000 to 847,000 barrels of oil equivalents per day (Mboe/d), with a Zacks Consensus Estimate of 838.7 Mboe/d, reflecting a year-over-year growth of 15.2% [6][10] - The Zacks Consensus Estimate for Q3 revenues is $4.12 billion, indicating a growth of 2.34% compared to the previous year [6][10] - The consensus estimate for earnings is set at 93 cents per share, which represents a decline of 15.45% from the year-ago figure [7][10] Group 2: Factors Influencing Performance - The company has implemented hedging strategies for its Q3 production to mitigate market volatility in oil, natural gas liquids, and natural gas prices, contributing to earnings stability [3][10] - Prudent cost management has allowed Devon Energy to maintain control over operating expenses, while strong cash flow generation has supported its share repurchase program, likely enhancing quarterly earnings [4][10] - Efforts to restructure NGL contracts and improve downstream oil realizations by expanding access to export markets are expected to positively impact Q3 earnings [5][10] Group 3: Earnings Prediction Model - The current model does not predict a likely earnings beat for Devon Energy, as it has an Earnings ESP of -0.07% and a Zacks Rank of 3 (Hold) [8][9]