Stock Analysis on Net
Stock Analysis on Net

Devon Energy Corp. (NYSE:DVN)

This company has been moved to the archive! The financial data has not been updated since November 8, 2023.

Common-Size Income Statement
Quarterly Data

Devon Energy Corp., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Oil, gas and NGL sales 75.13 72.18 70.08 73.02 67.53 72.88 83.29 64.77 76.02 89.12 101.48 61.41 63.54 107.61 38.67 65.14 52.63 51.83 85.17 69.17 51.65 47.53 60.01
Oil, gas and NGL derivatives -5.06 -2.20 1.67 -1.23 4.57 -3.02 -17.92 0.48 -9.67 -29.09 -29.97 -9.14 -8.15 -91.62 34.50 -7.30 7.27 7.75 -56.07 0.00 0.00 0.00 0.00
Marketing and midstream revenues 29.93 30.02 28.25 28.22 27.91 30.15 34.63 34.75 33.64 39.97 28.49 47.73 44.61 84.01 26.83 42.16 40.09 40.42 70.90 30.83 48.35 52.47 39.99
Revenues 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Production expenses -19.73 -20.82 -18.13 -16.63 -13.53 -12.96 -16.21 -12.58 -16.01 -21.22 -27.75 -21.17 -25.40 -66.75 -15.24 -20.39 -16.84 -16.39 -26.23 -14.99 -21.48 -25.43 -24.70
Marketing and midstream expenses -30.24 -30.43 -28.90 -28.63 -28.07 -30.22 -34.73 -34.75 -33.61 -39.93 -29.68 -48.28 -44.80 -86.04 -27.70 -41.85 -39.18 -39.48 -69.51 -30.02 -47.19 -51.58 -39.72
Cost of revenues -49.97% -51.24% -47.03% -45.27% -41.61% -43.17% -50.94% -47.34% -49.62% -61.15% -57.43% -69.45% -70.20% -152.79% -42.93% -62.24% -56.01% -55.87% -95.74% -45.01% -68.67% -77.01% -64.42%
Gross profit (loss) 50.03% 48.76% 52.97% 54.73% 58.39% 56.83% 49.06% 52.66% 50.38% 38.85% 42.57% 30.55% 29.80% -52.79% 57.07% 37.76% 43.99% 44.13% 4.26% 54.99% 31.33% 22.99% 35.58%
Exploration expenses -0.08 -0.29 -0.08 -0.30 -0.07 -0.18 -0.05 -0.11 -0.09 -0.12 -0.17 -0.31 -3.66 -3.05 -5.37 -1.83 -1.03 -0.39 -0.37 -1.19 -1.24 -3.02 -1.50
Depreciation, depletion and amortization -16.97 -18.47 -16.09 -14.54 -10.70 -9.38 -12.83 -12.65 -16.68 -22.18 -26.50 -23.52 -28.02 -75.89 -19.21 -24.04 -21.82 -20.71 -33.36 -11.41 -16.13 -18.67 -18.15
Asset impairments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -2.11 0.00 0.00 -127.74 0.00 0.00 0.00 0.00 0.00 -0.08 -6.85 0.00
Asset dispositions 0.00 1.19 0.00 0.67 0.00 0.25 0.03 1.07 0.00 3.60 1.82 0.08 0.00 0.00 0.00 0.00 0.06 0.11 4.17 7.23 0.23 -1.02 0.55
General and administrative expenses -2.58 -2.66 -2.77 -2.84 -1.75 -1.49 -2.47 -2.08 -2.74 -3.89 -6.07 -6.41 -7.03 -20.05 -4.89 -7.49 -6.13 -6.31 -12.51 -4.07 -5.70 -6.80 -9.05
Restructuring and transaction costs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.61 -0.52 -0.95 -10.73 -1.33 -3.00 0.00 0.00 -0.69 -0.57 -0.66 -4.73 -0.24 -0.43 -4.18 0.00
Other, net -0.34 -0.29 -0.13 0.09 0.74 -0.18 1.60 0.04 -0.06 0.58 1.65 -0.08 0.00 -3.30 2.30 -1.01 -0.17 -0.39 2.04 -3.40 1.20 -1.07 -0.96
Operating income (loss) 30.06% 28.23% 33.90% 37.82% 46.61% 45.84% 35.34% 38.32% 30.29% 15.89% 2.55% -3.13% -11.90% -155.08% -97.84% 2.71% 14.32% 15.78% -40.50% 41.91% 9.19% -18.63% 6.46%
Financing costs, net -2.11 -2.26 -1.88 -1.70 -1.23 -1.49 -2.23 -1.89 -2.48 -3.31 -4.37 -5.47 -6.19 -17.51 -3.11 -4.03 -3.44 -3.65 -5.56 -1.89 -2.91 -2.76 -17.61
Earnings (loss) from continuing operations before income taxes 27.95% 25.97% 32.02% 36.12% 45.38% 44.35% 33.11% 36.44% 27.81% 12.58% -1.82% -8.59% -18.09% -172.59% -100.96% -1.32% 10.88% 12.13% -46.06% 40.02% 6.28% -21.39% -11.15%
Income tax (expense) benefit -3.96 -5.76 -5.78 -8.12 -10.40 -9.90 -7.00 -3.29 -3.46 -1.78 14.07 2.89 8.43 0.76 19.98 2.08 -3.09 -3.77 11.03 -9.03 5.35 0.31 1.55
Net earnings (loss) from continuing operations 23.98% 20.21% 26.24% 28.01% 34.98% 34.45% 26.10% 33.15% 24.35% 10.80% 12.26% -5.70% -9.65% -171.83% -80.98% 0.76% 7.79% 8.36% -35.03% 30.99% 11.63% -21.08% -9.60%
Net earnings (loss) from discontinued operations, net of income taxes 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.95 1.22 2.28 -5.99 -41.03 -1.55 19.05 5.65 0.00 87.75 6.18 2.64
Net earnings (loss) 23.98% 20.21% 26.24% 28.01% 34.98% 34.45% 26.10% 33.15% 24.35% 10.80% 12.26% -7.66% -8.43% -169.54% -86.97% -40.28% 6.24% 27.41% -29.38% 30.99% 99.38% -14.90% -6.96%
Net earnings attributable to noncontrolling interests -0.26 -0.23 -0.21 -0.07 -0.13 -0.11 -0.16 -0.13 -0.17 -0.21 -0.17 -0.31 -0.19 -0.51 -0.05 -0.13 0.00 0.00 0.00 0.00 -1.01 -4.00 -2.00
Net earnings (loss) attributable to Devon 23.72% 19.98% 26.03% 27.94% 34.85% 34.34% 25.94% 33.02% 24.18% 10.59% 12.09% -7.97% -8.62% -170.05% -87.01% -40.40% 6.24% 27.41% -29.38% 30.99% 98.37% -18.90% -8.96%

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Devon Energy Corp. operating income (loss) as a percentage of revenues decreased from Q1 2023 to Q2 2023 but then slightly increased from Q2 2023 to Q3 2023.
Earnings (loss) from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Devon Energy Corp. earnings (loss) from continuing operations before income taxes as a percentage of revenues decreased from Q1 2023 to Q2 2023 but then slightly increased from Q2 2023 to Q3 2023.
Net earnings (loss) attributable to Devon The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Devon Energy Corp. net earnings (loss) attributable to Devon as a percentage of revenues decreased from Q1 2023 to Q2 2023 but then increased from Q2 2023 to Q3 2023 not reaching Q1 2023 level.