Devon Energy: Q3 Earnings Insights

Devon Energy DVN reported its Q3 earnings results on Tuesday, November 7, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Devon Energy beat estimated earnings by 12.24%, reporting an EPS of $1.65 versus an estimate of $1.47.

Revenue was down $1.60 billion from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 7.34% drop in the share price the next day.

Here's a look at Devon Energy's past performance:

Quarter	Q2 2023	Q1 2023	Q4 2022	Q3 2022
EPS Estimate	1.17	1.38	1.75	2.21
EPS Actual	1.18	1.46	1.66	2.18
Revenue Estimate	3.81B	3.94B	4.39B	4.89B
Revenue Actual	3.45B	3.82B	4.30B	5.43B

To track all earnings releases for Devon Energy visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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