DVN Q1 2024 Earnings — Devon Energy Corporation Revenue & Financial Results | Market Cap Arena

DVNDevon Energy Corporation

$28B

Q1 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$3.4B-9.5% YoY

Gross Profit

$788M23.2% margin

Operating Income

$674M19.8% margin

Net Income

$596M17.5% margin

EPS (Diluted)

$0.94

QoQ Revenue Growth

-10.9%

Cash Flow

Operating Cash Flow

$1.7B

Free Cash Flow

$836M

Stock-Based Comp.

$24M

Balance Sheet

Total Assets

$25.0B

Total Liabilities

$12.6B

Stockholders' Equity

$12.2B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.4B	$3.8B	-9.5%
Gross Profit	$788M	$1.3B	-41.3%
Operating Income	$674M	$1.2B	-45.5%
Net Income	$596M	$995M	-40.1%

Revenue Segments

N G L Product Sales

$2.6B100%