How Devon Energy (DVN) makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · quarter ended 06/30/2026 · reported 08/04/2026
Devon Energy Corporation is an American company engaged in hydrocarbon exploration. · Text: Wikipedia, CC BY-SA 4.0, abridged
More about the company
It is organized in Delaware with headquarters in Houston, Texas. Its operations are in the Delaware Basin, Eagle Ford Group, and the Rocky Mountains.
Key growth driver: Oil, gas and NGL sales — the fastest-growing revenue line: $5,106, +88% y/y. · by the Q2 2026 report
How does Devon Energy make money?
Devon Energy brought in $7.42 billion of revenue in Q2 2026, up 73.1% year over year. The largest source was Oil, gas and NGL sales: $5.11 billion, or 69% of the total, followed by Marketing and midstream revenues ($1.90B, 26%) and Oil, gas and NGL derivatives ($414M, 6%). Net income for the quarter was $1.91 billion, up 113% year over year.
Revenue by source, Q2 2026
- Oil, gas and NGL sales$5.11B · 69% · +88.4%
- Marketing and midstream revenues$1.90B · 26% · +41.8%
- Oil, gas and NGL derivatives$414M · 6% · +75.4%
Shares of $7.42B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is DVN’s next earnings date?
Wednesday, November 4, 2026estimated
Expected around Nov 4 — based on last year’s report on Nov 5, 2025. We have not yet seen the company's announcement of the date.
How we estimate
The estimate is the date of the same-quarter report a year ago, per the company’s SEC filing, moved forward 52 weeks (same weekday). Companies usually keep the same week; the date will be replaced once DVN announces it.
Same quarter a year ago (ended September 30, 2025): revenue $4.33B, EPS (GAAP) $1.09
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
What time does DVN report? Usually after market close: the last 4 results releases reached the SEC at 4:11 pm, 4:58 pm, 4:13 pm, 4:19 pm ET.
Last report: Aug 4, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates: company announcements; past dates and times — SEC 8-K filings. Who else reports this week →
All figures in $M.
Revenue
$7,417
+73.1%
Net income
$1,911
+113%
$2.03/sh · 25.8% margin
Verdict: revenue grew 73.1% y/y to $7.42B, pre-tax margin 32.1% vs 27.1%, net income $1.91B (+112.6% y/y).
Source and notation
Source: Devon Energy press release, 8-K EX-99.1 of 08/04/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
DVN earnings history: past report dates
| Aug 4, 2026 Tue | 4:11 pmafter market close | Jun 30, 2026 | $7.4B+73% y/y | $2.03+44% y/y |
| May 5, 2026 Tue | 4:58 pmafter market close | Mar 31, 2026 | $3.8B−14% y/y | $0.19−75% y/y |
| Feb 17, 2026 Tue | 4:13 pmafter market close | Dec 31, 2025 | ≈$4.1B−6% y/y | ≈$0.90−8% y/y |
| Nov 5, 2025 Wed | 4:19 pmafter market close | Sep 30, 2025 | $4.3B+8% y/y | $1.09−16% y/y |
| Aug 5, 2025 Tue | 4:14 pmafter market close | Jun 30, 2025 | $4.3B+9% y/y | $1.41+5% y/y |
| May 6, 2025 Tue | 4:16 pmafter market close | Mar 31, 2025 | $4.5B+24% y/y | $0.77−18% y/y |
| Feb 18, 2025 Tue | 4:15 pmafter market close | Dec 31, 2024 | ≈$4.4B+6% y/y | ≈$0.98−46% y/y |
| Nov 5, 2024 Tue | 4:15 pmafter market close | Sep 30, 2024 | $4.0B+5% y/y | $1.30−8% y/y |
| Aug 6, 2024 Tue | 4:42 pmafter market close | Jun 30, 2024 | $3.9B+13% y/y | $1.34+25% y/y |
| May 1, 2024 Wed | 4:19 pmafter market close | Mar 31, 2024 | $3.6B−6% y/y | $0.94−39% y/y |
| Feb 27, 2024 Tue | 4:14 pmafter market close | Dec 31, 2023 | ≈$4.1B−4% y/y | ≈$1.82−1% y/y |
| Nov 7, 2023 Tue | 4:12 pmafter market close | Sep 30, 2023 | $3.8B−29% y/y | $1.42−51% y/y |
| Aug 1, 2023 Tue | 4:17 pmafter market close | Jun 30, 2023 | $3.5B−39% y/y | $1.07−63% y/y |
| May 8, 2023 Mon | 4:17 pmafter market close | Mar 31, 2023 | $3.8B−15% y/y | $1.53+3% y/y |
| Feb 14, 2023 Tue | 4:12 pmafter market close | Dec 31, 2022 | ≈$4.3B+1% y/y | ≈$1.84−18% y/y |
| Nov 1, 2022 Tue | 4:15 pmafter market close | Sep 30, 2022 | $5.4B+57% y/y | $2.88+132% y/y |
Show all 16 reports since 2022Show fewer
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Companies that file the 8-K late in the evening publish the release the next morning: the date is that morning, before market open, and the evening filing time is not shown. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Devon Energy: 15-year financials
| 2025 | 17,188 | — | 2,642 | 3,119 | 319 |
| 2024 | 15,940 | — | 2,893 | 2,955 | 937 |
| 2023 | 15,258 | — | 3,739 | 2,661 | 1,858 |
| 2022 | 19,169 | — | 6,031 | 5,988 | 3,379 |
| 2021 | —* | — | 2,813 | 2,910 | 1,315 |
| 2020 | 4,828 | — | −2,680 | 311 | 257 |
| 2019 | 6,220 | — | −355 | 2,012 | 140 |
| 2018 | 8,896 | — | 3,064 | 1,528 | — |
| 2017 | 6,501 | — | 898 | 2,865 | — |
| 2016 | 6,753 | −2,895 | −1,056 | 651 | — |
| 2015 | 13,145 | −20,727 | −12,896 | 3,791 | — |
| 2014 | 20,638 | 4,698 | 1,607 | −481 | — |
| 2013 | 10,397 | 567 | −20 | 5,180 | — |
| 2012 | 9,501 | 74 | −206 | −3,269 | — |
| 2011 | 11,445 | 4,632 | 4,704 | −1,310 | — |
Show all 15 yearsShow fewer
$ millions, annual 10-K reports on SEC EDGAR (US GAAP)*.
How we calculate
Figures are annual report lines; if a year was later restated (discontinued operations, mergers), we use the latest filing that shows it. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing. “—*” in revenue: we don’t show that year’s revenue — the annual figure is more than 2% off the sum of the quarters, or the filing tags several revenue lines and the total can’t be pinned down. The table starts in 2011; where the listed issuer changed (holding reorganization, redomicile), earlier years come from the predecessor’s filings.
Shareholders’ equity at Jun 30, 2026: $41.7B (59% of total assets). Compare with other S&P 500 companies →
Devon Energy (DVN) earnings: FAQ
How does Devon Energy make money?
Devon Energy brought in $7.42 billion of revenue in Q2 2026, up 73.1% year over year. The largest source was Oil, gas and NGL sales: $5.11 billion, or 69% of the total, followed by Marketing and midstream revenues ($1.90B, 26%) and Oil, gas and NGL derivatives ($414M, 6%). Net income for the quarter was $1.91 billion, up 113% year over year.
When is DVN's next earnings date?
We have not yet seen an announcement of the date from Devon Energy (DVN). Based on last year's report on Nov 5, 2025, the next report is expected around Nov 4, 2026.
What time does DVN report earnings?
Devon Energy usually reports after market close: its latest results release was filed with the SEC at 4:11 pm ET on Aug 4, 2026.
When did DVN last report earnings?
Devon Energy reported Q2 2026 results on Aug 4, 2026.
Where can I find Devon Energy's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to DVN's filings; this page breaks the latest report down in a Sankey chart.
What was DVN's net income in Q2 2026?
Devon Energy reported net income of $1,911M for Q2 2026 (+113% year over year), under US GAAP.
Does Devon Energy pay dividends?
Yes. In 2025, Devon Energy paid $319M in dividends on its common stock, per its 10-K. Earlier years are in the 15-year table above.
How has Devon Energy's revenue changed since 2011?
Per its 10-K filings, revenue grew 1.5x: $11,445M in 2011 and $17,188M in 2025. The peak was $20,638M in 2014. Year-by-year figures are in the table above.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report — two independent automated readings of the release had to match, and every number in the text was checked against it. Figures checked against the filing on 10/16/2026. How we make the breakdowns · Report an error
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