Devon Energy (DVN) Announces Results for Q4 2025

Devon Energy Corporation (NYSE:DVN) is included among the 14 Best LNG Stocks to Buy Now.

Devon Energy Corporation (NYSE:DVN) is a leading independent energy company engaged in finding and producing oil and natural gas, with operations focused onshore in the United States.

Devon Energy Corporation (NYSE:DVN) announced its Q4 2025 results on February 17, with the company’s adjusted EPS of $0.82 narrowly falling behind estimates by $0.01 after severe winter storms disrupted operations across key producing regions. Devon’s Q4 output rose to 851,000 boepd, from 848,000 boepd a year earlier. However, the company reported average realized prices of $34.52 per boe during the quarter, down from $40.32 per boe a year earlier.

Devon Energy Corporation (NYSE:DVN) generated $3.1 billion in free cash flow in full-year 2025 and returned $2.2 billion to shareholders through dividends, share repurchases, and debt retirement. Devon also declared a quarterly dividend of $0.24 per share for all shareholders as of the March 13 record, payable on March 31, 2026.

Earlier this month, Devon Energy Corporation (NYSE:DVN) announced an all-stock merger with Coterra Energy in an all-stock deal worth $58 billion. The transaction is expected to close in the second quarter of 2027, with the companies aiming to deliver $1 billion in annual pretax run rate synergies by the end of 2027.

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