Devon Energy(US:DVN) ZACKS·2026-02-18 01:00Core Viewpoint - Devon Energy reported a decline in revenue and earnings for the quarter ended December 2025, with revenue at $4.12 billion, down 6.4% year-over-year, and EPS at $0.82 compared to $1.16 in the previous year [1] Financial Performance - Revenue of $4.12 billion exceeded the Zacks Consensus Estimate of $4.02 billion by +2.51% - EPS of $0.82 was slightly above the consensus estimate of $0.81, resulting in an EPS surprise of +0.82% [1] - The stock has returned +23.4% over the past month, outperforming the Zacks S&P 500 composite, which saw a -1.4% change [3] Production Metrics - Total oil equivalent production was 851 million barrels per day, surpassing the average estimate of 841.1 million barrels per day [4] - Average daily oil production was 390 million barrels, exceeding the estimate of 386.42 million barrels [4] - Average daily gas production was 1385 million cubic feet, above the estimate of 1371.43 million cubic feet [4] - Average daily NGL production was 231 million barrels, compared to the estimate of 226.08 million barrels [4] Pricing Metrics - Realized price for oil was $59.66 per barrel, lower than the average estimate of $61.91 [4] - Realized price for gas was $1.58 per mcf, below the average estimate of $1.89 [4] Revenue Breakdown - Marketing and midstream revenues were $1.36 billion, slightly below the estimate of $1.41 billion, reflecting a -3% change year-over-year [4] - Oil, gas, and NGL sales totaled $2.58 billion, significantly lower than the $2.93 billion estimate, representing a -16.5% year-over-year change [4] - Oil, gas, and NGL derivatives generated $184 million, compared to the average estimate of -$27.62 million, indicating a -319.1% change year-over-year [4]