Devon Energy Corp/DeDVN

Devon Energy Corporation reported $4.51 billion in revenue for the quarter ended 31 March 2026, but its net income was a mere $120 million, translating to $0.19 diluted earnings per share on 618 million diluted shares. The company’s balance sheet is still sturdy-$32.54 billion in total assets and $1.76 billion in cash-yet the profit margin is thin enough to make analysts reach for the ibuprofen. (source: SEC EDGAR 10-Q period ending 2026-03-31, https://www.sec.gov/Archives/edgar/data/1090012/000109001226000105/xslF345X06/form4.xml)

Devon Energy is a US onshore oil and gas explorer and producer with operations concentrated in the Delaware and Anadarko basins. The company sells hydrocarbons to refiners and midstream partners under long-term contracts, trading volume risk for price stability. Its 2026 product pages and investor materials still carry the gloss of a 1990s corporate brochure, while the real action-production volumes, realised prices, and hedging gains-is tucked into the 10-Q. The website insists on copyright notices that could outlast a patent troll, but the cash footnotes are what actually matter. (source: SEC EDGAR filings index, https://www.sec.gov/edgar/browse/?CIK=1090012)

The headline numbers from the 10-Q make the operating story clear: revenue excluding tax of $4.51 billion, actual revenues booked at $3.81 billion, net income of $120 million, and operating cash flow of $1.66 billion. The balance sheet carries $319 million in inventory and $15.43 billion in shareholders’ equity. Those are the figures investors can touch; the rest is narrative. (source: SEC EDGAR 10-Q period ending 2026-03-31, https://www.sec.gov/Archives/edgar/data/1090012/000109001226000105/xslF345X06/form4.xml)

Devon’s June 2026 8-K confirms the advisory vote on named executive compensation passed without drama, a ritual that now appears as routine as the quarterly earnings cycle itself. Separately, the company announced the expiration of its private exchange offers and consent solicitations, with final results confirming the programme closed on 24 June 2026. The press release is heavy on corporate branding and light on surprises, while the SEC filings quietly capture the mechanics. (source: Devon Energy press release 24 June 2026, https://www.devonenergy.com/news/2026/Devon-Announces-Expiration-and-Final-Results-of-its-Private-Exchange-Offers-and-Consent-Solicitations)

The company has scheduled its second-quarter 2026 earnings release and conference call, promising the materials will be available on its website at devonenergy.com. That is the extent of the evidence retrieved; no production volumes, realised prices, guidance, or segment-level metrics are disclosed in the cited materials. The source directs readers to treat the website announcement as a calendar marker, not an infomercial. (source: Devon Energy press release 26 July 2026, https://www.devonenergy.com/news/2026/Devon-Energy-Schedules-Second-Quarter-2026-Earnings-Release-and-Conference-Call)

The SEC company facts JSON for Devon Energy reveals a dense thicket of XBRL tags but no single metric that isn’t already visible in the 10-Q. For a company this size, the primary source of truth remains the quarterly financial statements and the cash-flow line items; everything else is colour. (source: SEC EDGAR company facts JSON, https://data.sec.gov/api/xbrl/companyfacts/CIK0001090012.json)

The evidence set does not include live price quotes, trading volumes, or share-price performance. For chart context, consult your broker’s platform or the official SEC filings archive; the provided sources stop at disclosure and do not extend to market plumbing. (source: FreedomCore internal policy, no external URL)