DVN Earnings

DVN reported its earnings on 2026-02-17, showcasing a revenue of 4.12B against an estimate of 4.02B, resulting in a 2.51% surprise. The EPS was 0.82, surpassing the expected 0.81 by 1.23%. The stock experienced a 0.91% price change on the earnings day and a 0% change over the next five days, reflecting market reactions to the results.

Following DVN's earnings announcement on 2026-02-17, the stock price moved by 0.91% on the day of the release. Over the subsequent five days, it saw a 0% change. Historically, DVN's stock price tends to shift by an average of 0.59% in the 10 days leading up to earnings and 2.27% in the 10 days following, providing insight into potential market.

For 2026/Q1, analysts estimate DVN's annual revenue to reach 3.46B, while the EPS is projected at 1.01. These estimates reflect recent revisions, with revenue estimates revised upward by 0.2% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between DVN's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2025 were revised upward by 0.2%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, DVN's stock price typically moves by 0.59% in the 10 days before its earnings and 2.27% in the 10 days after. For the upcoming 2026/Q1 earnings, analysts expect an EPS of 1.01 and revenue of 3.46B.

The earnings call summary and Q&A reveal strong financial performance, with $3.1 billion in free cash flow and $2.2 billion returned to shareholders. The company's strategic focus on technology, business optimization, and shareholder returns is evident. Despite some vague responses in the Q&A, the overall sentiment is positive due to the impressive Q4 results, increased dividends, and strategic investments like Fervo Energy. The market is likely to react positively, with a stock price increase of 2% to 8% expected over the next two weeks.