Devon's Q3 Earnings Surpass Estimates: How to Play the Stock
DVNDevon Energy(DVN) ZACKS·2024-11-13 03:00

Devon Energy Corporation (DVN) reported better-than-expected third-quarter 2024 earnings per share on Nov. 5. Earnings and revenues surpassed the respective Zacks Consensus Estimate by 3.8% and 7.2%. The third-quarter performance was driven by strong production volumes from the Delaware Basin, offset marginally by the drop in realized prices of the commodities.DVN has been reporting strong earnings results, courtesy of solid financial and operational performance from its multi-basin assets. The company surp ...