Devon Energy (DVN) Q4 Results - Feb 18

[dan_s]

OKLAHOMA CITY, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the fourth-quarter 2024. The company also declared its quarterly dividend and provided a 2025 outlook. Devon’s earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com.

The company’s fourth-quarter conference call will be held at 10:00 a.m. Central time (11:00 a.m. Eastern time) on Wednesday, Feb. 19, 2025, and will serve primarily as a forum for analyst and investor questions and answers.

Q4 Revenues ($4.4 billion) and Adjusted Net Income ($1.16/share) beat my forecast.

Devon will get a BIG revenue boost from rising natural gas prices. They produce 1.2 to 1.3 Bcfpd of natural gas and 200,000 to 210,000 bpd of NGLs.

I will update my forecast/valuation model tomorrow, after Devon's conference call.