Devon Energy (DVN) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Devon Energy reported $4.33 billion in revenue for Q3 2025, a year-over-year increase of 7.6% and a surprise of +5.17% over the Zacks Consensus Estimate of $4.12 billion [1] - The EPS for the quarter was $1.04, compared to $1.10 a year ago, with an EPS surprise of +11.83% over the consensus estimate of $0.93 [1] Financial Performance Metrics - Average Daily Production of Total Oil was 390 million barrels per day, exceeding the analyst estimate of 387.58 million barrels per day [4] - Average Daily Production of Total Gas was 1410 million cubic feet per day, surpassing the estimate of 1380.75 million cubic feet per day [4] - Average Daily Production of Total NGL was 228 million barrels per day, compared to the estimate of 221.11 million barrels per day [4] - Total oil equivalent production was 853 million barrels per day, above the seven-analyst average estimate of 838.7 million barrels per day [4] Revenue Breakdown - Marketing and midstream revenues reached $1.44 billion, exceeding the four-analyst average estimate of $1.3 billion, representing a year-over-year change of +27.4% [4] - Oil, gas, and NGL sales amounted to $2.81 billion, slightly above the estimated $2.76 billion, reflecting a +5.4% change compared to the previous year [4] - Oil, gas, and NGL derivatives generated $80 million, below the average estimate of $104.5 million, marking a significant decline of -64.8% year-over-year [4] Stock Performance - Devon Energy's shares have returned -7% over the past month, while the Zacks S&P 500 composite has increased by +1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]