Energy Prospectus

In the first quarter of 2018, Devon’s operating cash flow totaled $804 million, an 11 percent increase from the fourth quarter of 2017. Devon reported a net loss totaling $197 million, or $0.38 per diluted share, in the first quarter. The quarterly loss was attributable to a $312 million charge related to the early retirement of debt. Adjusting for this one-time charge and other items securities analysts typically exclude from their published estimates, the company’s core earnings were $108 million, or $0.20 per diluted share, in the quarter.

My Q1 forecast was $0.27 EPS and my operating cash flow forecast was $753 million for the quarter.

I am updating my forecast/valuation model for DVN now.