Compared to Estimates, Devon Energy (DVN) Q4 Earnings: A Look at Key Metrics

For the quarter ended December 2024, Devon Energy (DVN) reported revenue of $4.4 billion, up 6.2% over the same period last year. EPS came in at $1.16, compared to $1.41 in the year-ago quarter.The reported revenue represents a surprise of +3.93% over the Zacks Consensus Estimate of $4.24 billion. With the consensus EPS estimate being $1.00, the EPS surprise was +16.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Devon Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Production - Total oil equivalent per day: 848 millions of barrels of oil equivalent versus the seven-analyst average estimate of 821 millions of barrels of oil equivalent. Average Daily Production - Total Oil: 398 millions of barrels of oil versus 386.04 millions of barrels of oil estimated by six analysts on average. Average Daily Production - Total Gas: 1371 millions of cubic feet versus the six-analyst average estimate of 1321.45 millions of cubic feet. Average Daily Production - Total NGL: 221 millions of barrels of oil versus 214.77 millions of barrels of oil estimated by six analysts on average. Production - Oil - Other: 4 millions of barrels of oil per day compared to the 3.48 millions of barrels of oil per day average estimate based on four analysts. Production - NGL - Delaware Basin: 127 millions of barrels of oil per day versus the four-analyst average estimate of 128.26 millions of barrels of oil per day. Production - NGL - Eagle Ford: 21 millions of barrels of oil per day compared to the 17.47 millions of barrels of oil per day average estimate based on four analysts. Production - NGL - Anadarko Basin: 30 millions of barrels of oil per day compared to the 28.89 millions of barrels of oil per day average estimate based on four analysts. Production - Gas - Delaware Basin: 755 millions of cubic feet per day compared to the 738.49 millions of cubic feet per day average estimate based on four analysts. Revenues- Marketing and midstream revenues: $1.40 billion compared to the $1.22 billion average estimate based on four analysts. The reported number represents a change of +29.2% year over year. Revenues- Oil, gas and NGL sales: $3.09 billion versus the four-analyst average estimate of $2.96 billion. The reported number represents a year-over-year change of +12.8%. Revenues- Oil, gas and NGL derivatives: -$84 million versus the two-analyst average estimate of $74.38 million. The reported number represents a year-over-year change of -125.9%. View all Key Company Metrics for Devon Energy here>>>Shares of Devon Energy have returned -8.7% over the past month versus the Zacks S&P 500 composite's +4.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Devon Energy Corporation (DVN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks