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Devon Energy (NYSE:DVN) Reports Sales Below Analyst Estimates In Q1 CY2026 Earnings
Devon Energy (NYSE:DVN) reported Q1 CY2026 sales of $3.81 billion, missing analyst estimates by 2% and marking a 16.1% year-on-year decline. The company’s GAAP EPS of $0.19 was significantly below expectations, an 82.1% miss. Despite the revenue miss, Devon Energy maintained a 21.4% free cash flow margin and saw a 2.2% year-on-year increase in oil production per day.