Devon Energy (NYSE:DVN) reported its Q1 earnings results on Monday, May 2, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Devon Energy beat estimated earnings by 7.43%, reporting an EPS of $1.88 versus an estimate of $1.75.
Revenue was up $2.05 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.15 which was followed by a 4.73% increase in the share price the next day.
Here's a look at Devon Energy's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.24 | 0.92 | 0.49 | 0.33 |
| EPS Actual | 1.39 | 1.08 | 0.60 | 0.45 |
| Revenue Estimate | 3.76B | 3.21B | 2.29B | 2.21B |
| Revenue Actual | 4.27B | 3.47B | 2.42B | 1.76B |
To track all earnings releases for Devon Energy visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
