Filing Flows › Devon Energy (DVN) › Q3 2026
Devon Energy (DVN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Devon Energy (DVN) reported revenue of $6.9B for the third quarter 2026 (Q3 2026), +58% from a year earlier and -8% from the quarter before. Operating margin was 18.3%, net earnings $1.0B (14.7% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.9B | -8% | +58% |
| Operating profit | $1.3B | -47% | +37% |
| Net earnings | $1.0B | -47% | +45% |
| Operating cash flow | $2.8B | -24% | +66% |
| Free cash flow | $1.3B | -43% | +64% |
What changed
Revenue was $6.9B in Q3 2026, up 58% year over year and down 8% from the previous quarter. Oil Gas and NGL Sales was the largest line at 87% of revenue. Oil Gas and NGL Sales added $3.1B year over year (up 111%), 124% of the total change.
Operating profit was $1.3B, a 18.3% margin (down 2.8 points year over year). Of the extra revenue versus Q3 2025, 13% reached operating profit, below the 21% margin then. Total costs grew 64% against revenue growth of 58%. The fastest-growing cost line was Other operating costs (+64%). Net earnings were $1.0B, up 47% year over year. The effective tax rate was 19.5%.
Operating cash flow was $2.8B (up 66% year over year), 279% of net earnings. Non-cash charges added back $1.7B of depreciation and amortization and $0.05B of share-based compensation. Capital expenditures of $1.5B left free cash flow of $1.3B.
Questions
What was Devon Energy's revenue in the third quarter 2026?
Devon Energy (DVN) reported revenue of $6.9B for the third quarter 2026 (Q3 2026), +58% from a year earlier and -8% from the quarter before.
Was Devon Energy profitable in the third quarter 2026?
Operating profit was $1.3B (18.3% of revenue) and net earnings $1.0B.
Source: Devon Energy 10-Q on SEC EDGAR.