The financials
Devon Energy by the numbers
Devon Energy (DVN) reported revenue of $7.42B in Q2 2026 (quarter ended June 30, 2026), up 73% from the same quarter a year earlier. That came with net income of $1.91B (26% of revenue). For the full year FY2025, revenue was $17.2B (+7.8% year on year) and net income $2.64B. Its largest product in 2026-Q2 was Oil Gas And NGL Sales at $5.11B, 66% of the disclosed total, just ahead of Marketing And Midstream at 24%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $7.42B | $4.28B | +73% |
| Operating income | $1.91B | $917M | +108% |
| Net income | $1.91B | $899M | +113% |
| Diluted EPS | $2.03 | $1.41 | +44% |
| Product | Revenue | Share |
|---|---|---|
| Oil Gas And NGL Sales | $5.11B | 66% |
| Marketing And Midstream | $1.90B | 24% |
| NGL | $648M | 8.4% |
| Gas | $104M | 1.3% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $7.75B (+53%)
Oil Gas And NGL Sales grew +88% year on yearGas -42% year on year
Segment Latestquarter on quarteryear on year
- Oil Gas And NGL Sales$5.11B$5.11BQoQ +72%year on year +88%+72%+88%
- Marketing And Midstream$1.90B$1.90BQoQ +24%year on year +42%+24%+42%
- NGL$648.0M$648.0MQoQ +86%year on year +81%+86%+81%
- Gas$104.0M$104.0MQoQ -49%year on year -42%-49%-42%