Devon Energy (DVN) reported $7.42 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 73.1%. EPS of $1.57 for the same period compares to $0.84 a year ago.

The reported revenue represents a surprise of +17.76% over the Zacks Consensus Estimate of $6.3 billion. With the consensus EPS estimate being $1.30, the EPS surprise was +20.77%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Devon Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Production - Oil - Total: 503 millions of barrels of oil versus 495.17 millions of barrels of oil estimated by seven analysts on average.
  • Production - Gas - Total: 3252 millions of cubic feet compared to the 2928.31 millions of cubic feet average estimate based on seven analysts.
  • Production - Total oil equivalent per day: 1359 millions of barrels of oil equivalent per day compared to the 1335.6 millions of barrels of oil equivalent per day average estimate based on seven analysts.
  • Production - Natural gas liquids - Total: 314 millions of barrels of oil versus 308.4 millions of barrels of oil estimated by six analysts on average.
  • Realized Prices - Oil (Realized price, including cash settlements): $88.09 versus the four-analyst average estimate of $86.14.
  • Realized Prices - Gas (Realized price, including cash settlements): $1.05 versus the four-analyst average estimate of $0.98.
  • Revenues- Marketing and midstream revenues: $1.9 billion compared to the $1.91 billion average estimate based on four analysts. The reported number represents a change of +41.8% year over year.
  • Revenues- Gas: $104 million versus $250.33 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -41.6% change.
  • Revenues- Oil: $4.35 billion versus the three-analyst average estimate of $3.89 billion. The reported number represents a year-over-year change of +100.3%.
  • Revenues- NGL: $648 million versus the three-analyst average estimate of $579.77 million. The reported number represents a year-over-year change of +81%.
  • Revenues- Oil, gas and NGL derivatives: $414 million versus $-292.48 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +75.4% change.
  • Revenues- Oil, gas and NGL sales: $5.11 billion versus $4.66 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +88.4% change.

View all Key Company Metrics for Devon Energy here>>>

Shares of Devon Energy have returned -2.8% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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