Oklahoma City, Oklahoma-based Devon Energy Corporation (DVN) is an independent energy company that explores, develops, and produces oil, natural gas, and natural gas liquids. Valued at a market cap of $20.2 billion, the company's oil and gas operations are mainly concentrated in the onshore areas of North America, primarily in the U.S. It is expected to announce its fiscal Q1 earnings for 2025 after the market closes on Tuesday, May 6.
Prior to this event, analysts project this energy company to report a profit of $1.25 per share, up 7.8% from $1.16 per share in the year-ago quarter. The company has a solid trajectory of consistently beating Wall Street’s bottom-line estimates in each of the last four quarters. Its earnings of $1.16 per share in the previous quarter outpaced the consensus estimates by a notable margin of 16%.
