ADVERTISEMENT

Devon Energy: Q1 Earnings Snapshot

May 2, 2022 GMT

OKLAHOMA CITY (AP) _ Devon Energy Corp. (DVN) on Monday reported first-quarter earnings of $989 million.

On a per-share basis, the Oklahoma City-based company said it had net income of $1.48. Earnings, adjusted for non-recurring costs, came to $1.88 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.

The oil and gas exploration company posted revenue of $3.81 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $4.02 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DVN at https://www.zacks.com/ap/DVN