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How Devon Energy (DVN) makes money
Devon Energy (DVN) made $6.9B of revenue in the third quarter 2026 (Q3 2026), +58% from a year earlier. Of every dollar of revenue, 18¢ was left as operating profit, 15¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $6.9B | 100.0% |
| Operating profit | $1.3B | 18.3% |
| Income tax | $244M | 3.6% |
| Net earnings | $1.0B | 14.7% |
| Operating cash flow | $2.8B | 40.9% |
| Free cash flow | $1.3B | 19.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $6.9B | +58% |
| Q2 2026 | $7.4B | +73% |
| Q1 2026 | $3.8B | -14% |
| Q4 2025 | $4.1B | -6% |
| Q3 2025 | $4.3B | +8% |
| Q2 2025 | $4.3B | +9% |
| Q1 2025 | $4.5B | +24% |
From Devon Energy's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Devon Energy make money?
Devon Energy (DVN) made $6.9B of revenue in the third quarter 2026 (Q3 2026), +58% from a year earlier. Of every dollar of revenue, 18¢ was left as operating profit, 15¢ was left as net earnings.
What is Devon Energy's profit margin?
Net earnings were $1.0B, 14.7% of revenue, in the third quarter 2026; the operating margin was 18.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.