Devon Energy income statement
In fiscal 2025, Devon Energy reported revenue of $17.19bn, up 7.8% on the year before and net income of $2.64bn, or $4.17 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.0 | 9.9 | 11.4 | 9.5 | 10.4 | 20.6 | 13.1 | 6.8 | 6.5 | 8.9 | 6.2 | 4.8 | 12.2 | 19.2 | 15.3 | 15.9 | 17.2 | 19.7 |
| Cost of revenue | — | — | — | — | — | — | — | 2.8 | 3.6 | 4.3 | 2.8 | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | 3.9 | 2.9 | 4.6 | 3.4 | — | — | — | — | — | — | — |
| General and administrative | 0.6 | 0.6 | 0.6 | 0.7 | 0.6 | 0.8 | 1.2 | 0.7 | 0.6 | 0.6 | 0.5 | 0.3 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 |
| Operating income | — | — | 4.6 | 0.1 | 0.6 | 4.7 | −20.7 | −2.9 | — | — | — | — | — | — | — | — | — | — |
| Interest expense | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.6 | 0.5 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 |
| Income before tax | −4.5 | 3.6 | 4.3 | −0.3 | 0.1 | 4.1 | −19.9 | −0.4 | 0.0 | 0.9 | −0.1 | −3.1 | 2.9 | 7.8 | 4.6 | 3.7 | 3.5 | 4.2 |
| Income tax | −1.8 | 1.2 | 2.2 | −0.1 | 0.2 | 2.4 | −6.2 | 0.1 | 0.0 | 0.2 | −0.0 | −0.5 | 0.1 | 1.7 | 0.8 | 0.8 | 0.8 | 0.9 |
| Net income | −2.5 | 4.6 | 4.7 | −0.2 | −0.0 | 1.6 | −12.9 | −1.1 | 0.9 | 3.1 | −0.4 | −2.7 | 2.8 | 6.0 | 3.7 | 2.9 | 2.6 | 3.3 |
| Diluted EPS | −$5.58 | $10.31 | $11.25 | −$0.52 | −$0.06 | $3.91 | −$31.72 | −$2.09 | $1.70 | $6.10 | −$0.89 | −$7.12 | $4.19 | $9.12 | $5.84 | $4.56 | $4.17 | $4.67 |
| Diluted shares (average) | — | — | 414m | 400m | 402m | 407m | 407m | 507m | 520m | 497m | 401m | 377m | 665m | 653m | 642m | 634m | 633m | 702m |
| EBITDA | — | — | 6.9 | 2.9 | 3.3 | 8.0 | −16.7 | −1.3 | — | — | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,024 | 4,403 | 4,452 | 4,284 | 4,331 | 4,121 | 3,807 | 7,417 |
| General and administrative | 117 | 155 | 130 | 113 | 114 | 135 | 125 | 175 |
| Interest expense | 98 | 128 | 127 | 126 | 125 | 119 | 118 | 144 |
| Income before tax | 1,064 | 840 | 646 | 1,161 | 912 | 747 | 166 | 2,384 |
| Income tax | 239 | 187 | 137 | 244 | 219 | 185 | 46 | 473 |
| Net income | 812 | 641 | 494 | 899 | 687 | 562 | 120 | 1,911 |
| Diluted EPS | $1.30 | $0.97 | $0.77 | $1.41 | $1.09 | $0.90 | $0.19 | $2.03 |
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