Devon said earnings attributable to Devon for Q1 2025 were $494 million, or $0.77 per diluted share, and core earnings (Non-GAAP) were $779 million, or $1.21 per diluted share.

1. 01

   Devon said earnings attributable to Devon for Q1 2025 were $494 million, or $0.77 per diluted share, and core earnings (Non-GAAP) were $779 million, or $1.21 per diluted share.

2. 02

   Devon said the change in production volumes from Q4 2024 to Q1 2025 decreased earnings by $165 million and realized prices increased earnings by $205 million. The company cited natural well declines and winter weather impacts as factors in the production volume decrease.

3. 03

   Devon said it repurchased approximately 8.5 million shares for $301 million during the first 3 months of 2025, paid dividends of $163 million and declared approximately $154 million in dividends to be paid in Q2.

4. 04

   Devon said it rationalized 2 headquarters-related real estate assets in Q1 2025, resulting in asset impairments of $254 million, received $133 million in proceeds from the sale and paid $274 million in cash to extinguish the associated financing lease.

Key figures

Quarter ended March 31, 2025

Revenue

$4.5B

Net income

$494M

EPS

$0.77

Operating cash flow

$1.9B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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