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Devon Energy (DVN) guidance history: what it guided and what it reported
Devon Energy gave guidance in 9 earnings releases on file since May 1, 2024. Its releases raised guidance 5 times and lowered it once.
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $1.3B–$1.4B (Nov 5, 2026) | — | to be reported | — |
| Q3 2026 | $1.4B–$1.5B (Aug 4, 2026) | $1.5B (GAAP) | not judged | — |
| Q2 2026 | $900M (May 5, 2026) | $1.3B (GAAP) | not judged | — |
| Q1 2026 | $900M (Feb 17, 2026) | $839M (GAAP) | not judged | — |
| Q3 2025 | $900M (Aug 5, 2025) | $870M (GAAP) | not judged | — |
| Q2 2025 | $1.0B (May 6, 2025) | $956M (GAAP) | not judged | — |
| Q1 2025 | $1.0B (Feb 18, 2025) | $934M (GAAP) | not judged | — |
| Q3 2024 | $900M (Aug 6, 2024) | — | — | — |
| Q2 2024 | $950M (May 1, 2024) | — | — | — |
| FY2024 | $3.3B–$3.6B (May 1, 2024) | $3.6B (GAAP) | not judged | — |
Free cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2027 | $1.0B (May 5, 2026) | — | to be reported | — |
| Q1 2026 | $5.0B (Feb 17, 2026) | $816M (GAAP) | not judged | — |
| FY2026 | $1.0B (Feb 17, 2026) | — | to be reported | — |
The latest quarter
Devon Energy, Q3 2026: revenue $6.9B (+58% year over year), operating margin 18.3%, net earnings $1.0B, operating cash flow $2.8B. The chart follows the revenue to costs, profit and cash.
Questions
Does Devon Energy beat its guidance?
Devon Energy gave guidance in 9 earnings releases on file since May 1, 2024. Its releases raised guidance 5 times and lowered it once.
How often does Devon Energy raise guidance?
Its earnings releases raised guidance 5 times and lowered it once since May 1, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.