Devon Energy/$DVN
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Capital at risk
About Devon Energy
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two-thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko and Bakken basins. After the merger with Coterra, it will have a foothold in the gas-driven Appalachian Basin as well. At the end of 2025, Devon reported net proved reserves of 2.4 billion barrels of oil equivalent, up from 2.2 billion in 2024. Net production averaged roughly 840,000 barrels of oil equivalent per day in 2025 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
- Ticker
- $DVN
- Sector
- Energy
- Primary listing
- NYSE
- Employees
- 2,200
- Headquarters
- Houston, United States
- Website
- www.devonenergy.com
Devon Energy Metrics
BasicAdvanced
$57B
10.56
$4.66
0.42
$1.12
2.60%
Price and volume
Market cap
$57B
Beta
0.42
52-week high
$52.71
52-week low
$31.47
Average daily volume
11M
Dividend rate
$1.12
Financial strength
Current ratio
0.717
Quick ratio
0.584
Long term debt to equity
0.245
Total debt to equity
0.285
Dividend payout ratio (TTM)
25.03%
Interest coverage (TTM)
9.56%
Profitability
EBITDA (TTM)
8,924
Gross margin (TTM)
50.35%
Net profit margin (TTM)
17.46%
Operating margin (TTM)
25.74%
Effective tax rate (TTM)
21.93%
Revenue per employee (TTM)
$8,540,000
Management effectiveness
Return on assets (TTM)
5.92%
Return on equity (TTM)
11.52%
Valuation
Price to earnings (TTM)
10.565
Price to revenue (TTM)
1.836
Price to book
1.11
Price to tangible book (TTM)
1.13
Price to free cash flow (TTM)
23.37
Free cash flow yield (TTM)
4.28%
Free cash flow per share (TTM)
2.107
Dividend yield (TTM)
2.27%
Forward dividend yield
2.60%
Growth
Revenue change (TTM)
15.33%
Earnings per share change (TTM)
5.08%
3-year revenue growth (CAGR)
5.30%
10-year revenue growth (CAGR)
5.92%
3-year earnings per share growth (CAGR)
-14.02%
10-year earnings per share growth (CAGR)
-16.43%
3-year dividend per share growth (CAGR)
-38.68%
10-year dividend per share growth (CAGR)
2.92%
What the Analysts think about Devon Energy
Analyst ratings (Buy, Hold, Sell) for Devon Energy stock.
Analyst projections of the future price of Devon Energy stock.
Bulls say / Bears say
Devon’s first quarter as a combined company showed strong execution: oil output reached 503,000 barrels a day, adjusted free cash flow was $1.7 billion, and capital spending came in below guidance. That gives the enlarged business a solid start on delivering cash for investors. (SEC)
The Coterra merger gives Devon greater scale and a target of $1 billion in annual pre-tax synergies by year-end 2027. Devon also plans to return up to 70% of free cash flow to shareholders, creating scope for higher distributions if it meets its targets. (Devon Energy)
Devon agreed to sell its Eagle Ford assets for $4.2 billion in cash, sharpening its focus on higher-return assets. If the sale closes as expected, the proceeds could support buybacks and debt reduction. (Devon Energy)
Gas realisations remain vulnerable to local bottlenecks: Devon said Waha infrastructure constraints depressed its second-quarter natural-gas price to $1.05 per Mcf. That can weigh on returns even when production is strong. (SEC)
Devon’s record second-quarter profit was helped by higher oil prices during the Middle East conflict, Reuters reported. If crude prices retreat, earnings and cash available for buybacks could fall quickly. (Reuters)
The Coterra deal leaves substantial integration and balance-sheet work: Devon reported about $11.4 billion of debt and $1 billion of cash after the merger, while its $1 billion annual synergy target is not due until year-end 2027. Delayed savings or weaker cash flow could slow debt reduction and shareholder returns. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 13 Oct 2026.
Devon Energy Financial Performance
Revenues and expenses
Devon Energy Earnings Performance
Company profitability
Upcoming events
No upcoming events
Devon Energy News
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Funds containing Devon Energy
AllUSDEURGBP
Fund name | Fund size | $DVN weighting |
|---|---|---|
iShares Oil & Gas Exploration & Production$IOGP | $438M | 7.15% |
iShares Oil & Gas Exploration & Production€IOGP | €376M | 7.15% |
iShares Oil & Gas Exploration & Production£SPOG | £323M | 7.15% |
Invesco Energy S&P US Select Sector$XLES | $146M | 2.80% |
Invesco Energy S&P US Select Sector£XLEP | $146M | 2.80% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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