Devon Energy plans an early May release of its first-quarter 2025 financial reports and investors hope to make additional gains on its huge success in 2024.
The Oklahoma City energy firm said the reports will be released on Tuesday, May 6 after the close of U.S. financial markets. The earnings release and presentation for the first-quarter 2025 results will be available on the company’s website at www.devonenergy.com.
On Wednesday, May 7, the company will hold a conference call at 10 a.m. CDT, which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon’s website at www.devonenergy.com.
With much of its exploration focused in the Delaware Basin, Devon reported fourth-quarter 2024 net earnings of $639 million or 98 cents a share and $1.7 billion of operating cash flow along with $738 million of free cash flow.
It finished its full-year 2024 with $2.9 billion of net earnings or $4.56 a share. Devon also recorded record performance of 737,000 barrels of oil equivalent production a day. As a result, it generated $6.6 billion of operating cash flow and $3 billion of free cash flow.
The company has also seen more than a week of consecutive gains in its stock trading. On Tuesday, shares closed up 81 cents for a 2.19% gain to $37.78 per share.
