Devon Energy: Q3 Earnings Snapshot
By AP News
Published - Nov 05, 2024, 04:23 PM ET
Last Updated - Dec 16, 2024, 05:39 PM EST
OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Devon Energy Corp. (DVN) on Tuesday reported third-quarter net income of $812 million.
On a per-share basis, the Oklahoma City-based company said it had profit of $1.30. Earnings, adjusted for non-recurring gains, came to $1.10 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The oil and gas exploration company posted revenue of $4.02 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $3.75 billion.
