Devon Energy Reports First-Quarter 2020 Financial and Operational Results

Go back to Devon Energy Reports First-Quarter 2020 Financial and Operational Results

Devon Energy (DVN) Tops Q1 EPS by 35c, Offers Outlook

May 5, 2020 4:20 PM EDT

Devon Energy (NYSE: DVN) reported Q1 EPS of $0.13, $0.35 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $0 versus the consensus estimate of $1.4 billion.

Updated 2020 Outlook

Capital investment reduced 45 percent from original plan to $1 billion

Oil production expected to be essentially... More