Devon Energy Corp. (DVN) Posts Q1 EPS of $1.34

Devon Energy Corp. (NYSE: DVN) reported Q1 EPS of $1.34, versus the analyst estimate of $1.26. Revenue for the quarter came in at $3.73 billion versus the consensus estimate of $2.87 billion.

Total production of oil, natural gas, and natural gas liquids averaged 691,000 oil-equivalent barrels (Boe) per day in the first quarter of 2014. Excluding production associated with divestiture properties, top-line production from Devon’s retained, go-forward asset base increased to 563,000 Boe per day in the first quarter. This represents a 7 percent increase compared to the first quarter of 2013. The company’s divestiture assets averaged 128,000 Boe per day in the first quarter, of which 76 percent was natural gas.

For earnings history and earnings-related data on Devon Energy Corp. (DVN) click here.

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