Devon Energy (DVN) Projected to Release Quarterly Earnings on Thursday

Key Points

• Devon Energy is expected to report Q3 2026 results after Thursday’s market close. Analysts project earnings of $1.31 per share on $6.57 billion in revenue, with the earnings call scheduled for November 6.
• The company’s previous quarter exceeded expectations, with EPS of $1.57 versus the $1.40 consensus and revenue of $7.42 billion, up 73.1% year over year.
• Analyst sentiment remains favorable: Devon has a “Moderate Buy” consensus rating and a $60.72 average price target, while higher commodity prices, production growth and a greater focus on the Permian Basin support the outlook.

Devon Energy (NYSE:DVN - Get Free Report) is projected to issue its Q3 2026 results after the market closes on Thursday, November 5th. Analysts expect the company to announce earnings of $1.31 per share and revenue of $6.57 billion for the quarter. Interested persons can check the company's upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Friday, November 6, 2026 at 11:00 AM ET.

Devon Energy (NYSE:DVN - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The energy company reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.40 by $0.17. The firm had revenue of $7.42 billion for the quarter, compared to analyst estimates of $6.01 billion. Devon Energy had a net margin of 16.67% and a return on equity of 14.93%. The business's quarterly revenue was up 73.1% compared to the same quarter last year. During the same period last year, the firm earned $0.84 earnings per share. On average, analysts expect Devon Energy to post $5.49 EPS for the current fiscal year and $5.38 EPS for the next fiscal year.

Devon Energy Trading Up 0.0%

NYSE:DVN opened at $51.24 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.72 and a quick ratio of 0.67. The firm has a 50-day moving average of $48.79 and a 200-day moving average of $45.67. The company has a market cap of $56.36 billion, a PE ratio of 12.17, a PEG ratio of 1.34 and a beta of 0.49. Devon Energy has a one year low of $31.65 and a one year high of $52.71.

Devon Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Tuesday, September 15th. Devon Energy's dividend payout ratio is currently 30.40%.

Trending Headlines about Devon Energy

Here are the key news stories impacting Devon Energy this week:

• Positive Sentiment: Zacks raises earnings estimates across multiple periods. Zacks Research increased its FY2026 EPS forecast to $5.02 from $4.96, FY2027 to $4.54 from $4.29, and FY2028 to $5.09 from $4.76. It also raised estimates for several upcoming quarters, including Q4 2026 to $1.28, Q1 2027 to $1.45, Q2 2027 to $1.12, and Q3 2028 to $1.18. The revisions signal stronger expected profitability and may support investor sentiment. Zacks raises earnings outlook for Devon Energy
• Positive Sentiment: Higher oil and gas prices plus production growth are improving the outlook. A recent analysis argues that Devon is benefiting from favorable macroeconomic conditions, including stronger commodity pricing and increased production. If sustained, those factors could lift cash flow, earnings and shareholder returns. Devon Energy is winning the macro lottery with higher prices and production
• Positive Sentiment: Portfolio repositioning toward the Permian is attracting attention. Devon’s Eagle Ford transaction is described as part of a pivot toward the Permian Basin. Investors may view a greater focus on core, scalable assets as a potential way to improve operational efficiency and long-term production economics. Devon Energy pivots to the Permian with Eagle Ford deal
• Neutral Sentiment: The bullish outlook remains sensitive to oil and natural-gas prices, production execution and the financial results that ultimately validate the upgraded forecasts.

Insider Activity

In other news, EVP Robert Ferrall Lowe III sold 6,756 shares of the company's stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $50.95, for a total value of $344,218.20. Following the completion of the transaction, the executive vice president directly owned 72,720 shares of the company's stock, valued at $3,705,084. This represents a 8.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Clay M. Gaspar purchased 3,913 shares of the firm's stock in a transaction that occurred on Monday, September 14th. The shares were acquired at an average cost of $51.08 per share, with a total value of $199,876.04. Following the completion of the transaction, the chief executive officer directly owned 619,152 shares of the company's stock, valued at $31,626,284.16. The trade was a 0.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 4.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DVN shares. Stifel Nicolaus initiated coverage on shares of Devon Energy in a research report on Thursday, September 10th. They issued a "buy" rating and a $61.00 price target on the stock. Seaport Research Partners started coverage on Devon Energy in a report on Thursday, September 3rd. They set a "buy" rating and a $65.00 price objective for the company. Mizuho decreased their price objective on Devon Energy from $68.00 to $65.00 and set an "outperform" rating for the company in a report on Friday, October 16th. UBS Group increased their price objective on Devon Energy from $63.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, October 7th. Finally, Truist Financial dropped their target price on Devon Energy from $65.00 to $61.00 and set a "buy" rating on the stock in a report on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Devon Energy currently has an average rating of "Moderate Buy" and a consensus target price of $60.72.

About Devon Energy

Devon Energy Corporation NYSE: DVN is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company focuses on onshore operations in the United States and markets the hydrocarbons produced from its assets to customers across the energy sector.

Devon's portfolio has historically included major U.S. resource plays such as the Delaware Basin in the Permian Basin, the Eagle Ford, the Anadarko Basin, the Williston Basin and the Powder River Basin.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.