Devon Energy Corporation · DVN · Next earnings

Devon Energy Corporation reports Thursday, Nov 5, 2026

DVN reports after market close with consensus EPS at $1.33 and revenue at $6.57B. Last quarter: Devon posts strong Q2 cash flow as Coterra synergies advance

Reports After market close0 days awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $1.33 Calendar consensus
Consensus revenue $6.57B Calendar consensus
Report date Nov 5, 2026 Thursday, date estimated
Session After market close 0 days away

Where DVN left off: FY2026 Q2

Full report

Devon posts strong Q2 cash flow as Coterra synergies advance

EPS surprise +12.1% Reported $1.57 vs $1.40
Revenue surprise +23.4% Reported $7.42B vs $6.01B
Stock move -4.4% Event window
Subsequent drift +16.5% Up to 20 sessions

Management reaffirmed confidence in a disciplined 2027 capital plan and maintained its positive operating outlook; the supplied analysis does not identify a change to formal guidance.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Commodity-price volatility and potential gas take-away constraints.
  • Coterra integration and synergy-execution risk.
  • Permitting and development risk for newly acquired acreage.
  • Uncertainty around the timing and outcome of the portfolio review.

Questions analysts left open

  • How Devon defines core versus non-core assets in its portfolio review.
  • Timing for monetizing newly acquired federal lease acreage.
  • Whether the well-cost reduction roadmap can reach its aspirational targets.
  • Potential upside beyond the $1 billion synergy target.

Ask FN2 about DVN next report

Transcript, numbers and history already loaded
What should I watch for in DVN's next earnings report?How did DVN guide last quarter, and is consensus above or below that?Give me the bull and bear case going into DVN earnings.

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Get the DVN recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Recent DVN quarters

All DVN earnings
-4.4%FY2026 Q2-8.6%FY2026 Q1+0.9%FY2025 Q4+0.3%FY2025 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.