Filing Flows › Devon Energy (DVN) › Q3 2026 › vs Q3 2025
Devon Energy (DVN) Q3 2026 vs Q3 2025 (year over year)
Devon Energy's revenue rose $2.5B (+58%) from $4.3B in Q3 2025 to $6.9B in Q3 2026. The biggest changes: Revenue from contracts with customers +$3.5B (+83%). Operating margin 18.3% against 21.1% (-2.8 pts).
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 draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 18.3% | 21.1% | -2.8 pts |
| Net margin | 14.7% | 16.0% | -1.3 pts |
| Free cash flow margin | 19.6% | 18.9% | +0.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Oil Gas and NGL Sales | $5.9B | $2.8B | $3.1B | +111% |
| Marketing and Midstream Revenues | $1.8B | $1.4B | $393M | +27% |
| Revenue from contracts with customers | $7.8B | $4.3B | $3.5B | +83% |
| Revenue | $6.9B | $4.3B | $2.5B | +58% |
| Other revenues (net loss) | $914M | −$80.0M | $994M | — |
| Operating profit | $1.3B | $912M | $340M | +37% |
| Costs & expenses | $5.6B | $3.4B | $2.2B | +64% |
| Pre-tax earnings | $1.3B | $912M | $340M | +37% |
| General & admin | $180M | $114M | $66.0M | +58% |
| Other operating costs | $5.4B | $3.3B | $2.1B | +64% |
| Net earnings | $1.0B | $693M | $315M | +45% |
| Income tax | $244M | $219M | $25.0M | +11% |
| Depreciation & amortization | $1.7B | $879M | $805M | +92% |
| Share-based compensation | $51.0M | $24.0M | $27.0M | +112% |
| Working capital & other | $65.0M | $94.0M | −$29.0M | -31% |
| Operating cash flow | $2.8B | $1.7B | $1.1B | +66% |
| Free cash flow (OCF − capex) | $1.3B | $820M | $524M | +64% |
| Capital expenditures | $1.5B | $870M | $594M | +68% |
Questions
How much did Devon Energy's revenue grow year over year in Q3 2026?
Devon Energy's revenue rose $2.5B (+58%) from $4.3B in Q3 2025 to $6.9B in Q3 2026.
What drove Devon Energy's revenue change in Q3 2026?
Revenue from contracts with customers +$3.5B (+83%).