DVN

ConocoPhillips, EOG Resources, and Phillips 66 drive 38% of IEO’s income, making the fund deeply dependent on energy sector volatility. IEO returned 41% in the past year but retirees should avoid it; payouts are unpredictable and WTI at 98th percentile suggests downside risk. The analyst who called NVIDIA in 2010 just named his top 10 stocks and iShares US Oil & Gas Exploration & Production ETF wasn't one of them. Get them here FREE. The iShares U.S. Oil & Gas Exploration & Production ETF (NYSEARCA:IEO) just paid a $0.55 distribution in March, the lightest quarterly payment since mid-2024. IEO holders are buying the aggregated dividend policies of America's largest oil and gas producers, and those policies flex with the commodity. With WTI back above $112 per barrel in mid-May, the question is whether distributions through the rest of 2026 will hold near current levels, surge toward 2022 highs, or decline as they did during the winter oil swoon. IEO is a passive index fund tracking U.S. oil and gas exploration, production, and refining names. It charges 0.38% in expenses and pays out roughly what its underlying companies pay, net of fees. When ConocoPhillips raises its variable dividend, IEO's next quarterly distribution rises. When EQT cuts in a weak gas market, IEO's distribution shrinks. That mechanic makes the payout inherently lumpy. Quarterly distributions ranged from $0.19 in the second quarter of 2020 to $1.22 in the third quarter of 2022. The 2025 payments averaged $0.58 per share, in line with 2024. IEO functions as a pass-through for energy cash flow. The analyst who called NVIDIA in 2010 just named his top 10 stocks and iShares US Oil & Gas Exploration & Production ETF wasn't one of them. Get them here FREE. Three names produce most of the income. ConocoPhillips alone is roughly 20% of assets, with EOG Resources at about 10% and Phillips 66 at about 9%, putting the top three near 38% of the fund. Marathon Petroleum and Devon Energy add another 11%. ConocoPhillips is the linchpin. The stock is up 43% over the past year and pays a base dividend plus a variable component tied to free cash flow. With WTI averaging well above its breakeven, base coverage is secure. The variable piece will fall if oil retreats toward $55 December 2025 low. Gas-weighted holdings introduce separate risk. EQT and Coterra represent about 9% of the fund, and Henry Hub has c...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Devon Energy as “they have tremendous natural gas, and that's what we're great at.” Lending support to his choice, Wells Fargo analyst Hanwen Chang, on Monday, maintained Devon Energy with an Overweight rating and raised the price target from $66 to $68. Cramer said USA Compression Partners hit a 52-week high on Monday, but “I think that's just another nice one to have, and it won't go down as much as the others because it's got that good yield.” Don't Miss: Think Your ‘Safe' Stocks Protect You? You're Ignoring the Real Growth Triggers — Here's What to Add Now Caught With Nothing Saved for Retirement? These 5 Game‑Changing Tips Could Still Save You On the earnings front, USA Compression Partners, on May 5, posted mixed results for the first quarter. Taiwan Semiconductor Manufacturing Co. might “not necessarily skyrocket,” but it's going to go higher. As per the recent news, Taiwan Semiconductor Manufacturing is accelerating investments in advanced chips, packaging, and AI infrastructure as company executives position the foundry giant to capture long-term growth from the expanding artificial intelligence market. When asked about STMicroelectronics, he said, “We're late, we're late, we're late — 51 times earnings does not make it for me, even if it's a good company.” See Also: Think you're saving enough for your kids? You might be dangerously off — see why In other words, STMicroelectronics may be a good company, but Cramer thinks the stock has become too expensive after its recent run-up. STMicroelectronics reported mixed first-quarter results on April 23 and issued second-quarter sales guidance above estimates. Solv Energy is a “great niche” company, Cramer said. Supporting his view, SOLV Energy reported better-than-expected first-quarter sales on May 12. Photo via Shutterstock Read Next: Still Learning the Market? These 50 Must-Know Terms Can Help You Catch Up Fast A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That's why many investors look to...

Devon Energy Corporation's (NYSE:DVN) lackluster earnings announcement last week disappointed investors. We think that they may have more to worry about than just soft profit numbers. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. To understand the value of a company's earnings growth, it is imperative to consider any dilution of shareholders' interests. Devon Energy expanded the number of shares on issue by 80% over the last year. As a result, its net income is now split between a greater number of shares. Per share metrics like EPS help us understand how much actual shareholders are benefitting from the company's profits, while the net income level gives us a better view of the company's absolute size. Check out Devon Energy's historical EPS growth by clicking on this link. Devon Energy's net profit dropped by 62% per year over the last three years. And even focusing only on the last twelve months, we see profit is down 19%. Like a sack of potatoes thrown from a delivery truck, EPS fell harder, down 17% in the same period. So you can see that the dilution has had a fairly significant impact on shareholders. In the long term, if Devon Energy's earnings per share can increase, then the share price should too. However, if its profit increases while its earnings per share stay flat (or even fall) then shareholders might not see much benefit. For the ordinary retail shareholder, EPS is a great measure to check your hypothetical "share" of the company's profit. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Finally, we should also consider the fact that unusual items boosted Devon Energy's net profit by US$343m over the last year. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. Which is hardly surprising, given the name. Assuming those unusual items don't show up again in the current year, we'd thus expect profit to be weaker next year (in the a...

Sempra SRE reported first-quarter 2026 adjusted earnings per share (EPS) of $1.51, in line with the Zacks Consensus Estimate. The bottom line increased 4.9% from the year-ago quarter’s figure of $1.44. Including one-time items, the company generated GAAP earnings of $1.58 per share compared with $1.39 in the first quarter of 2025. Revenues of $3.66 billion missed the Zacks Consensus Estimate of $4.15 billion by 11.8%. The top line decreased 3.9% from $3.8 billion in the year-ago quarter. Sempra price-consensus-eps-surprise-chart | Sempra Quote Sempra California: Quarterly earnings amounted to $720 million compared with the year-ago quarter’s level of $724 million. Sempra Texas Utilities: Earnings in this segment increased to $171 million from $146 million in the year-ago quarter. Sempra Infrastructure: The segment recorded earnings of $262 million compared with $146 million in the year-ago quarter. Parent and Other: The segment reported a loss of $116 million, wider than the prior-year period’s loss of $110 million. As of March 31, 2026, Sempra Energy’s cash and cash equivalents totaled $0.79 billion compared with $0.03 billion as of Dec. 31, 2025. As of the same date, long-term debt and finance leases amounted to $30.85 billion compared with $28.98 billion as of Dec. 31, 2025. Cash flow from operating activities in the first three months of 2026 totaled $1.81 billion compared with $1.48 billion a year ago. The company expects its 2026 adjusted earnings to be in the range of $4.80-$5.30 per share. The Zacks Consensus Estimate for 2026 earnings is pegged at $5.16 per share, higher than the midpoint of the company’s guided range. SRE has also provided a full-year 2027 EPS guidance of $5.10-$5.70. Sempra expects a 7-9% long???term EPS growth rate. Sempra Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. TotalEnergies SE TTE reported first-quarter 2026 operating earnings of $2.45 (€2.10) per share, which surpassed the Zacks Consensus Estimate of $1.99 by 23.1%. The bottom line improved 34% from the year-ago figure of $1.83 (€1.74). TTE’s total revenues for the first quarter were $49.51 billion, which increased from the year-ago reported figure of $47.9 billion by 3.36%. The metric beat the Zacks Consensus Estimate of $46.85 billion by 5.9%. Occidental Petroleum Corporation OXY report...

Devon Energy (DVN) approved a new share repurchase authorization of $8 billion, the company said Thu

Murphy Oil Corporation MUR delivered first-quarter 2026 adjusted net earnings of 32 cents per share, outperforming the Zacks Consensus Estimate of 29 cents by 10.3%. However, the bottom line lagged the year-ago quarter’s earnings of 52 cents by 42.8%. GAAP earnings were 37 cents per share compared with 51 cents in the year-ago quarter. The difference between GAAP and operating earnings was due to discontinued operations and other items affecting comparability between periods. Murphy Oil’s revenues were $733.5 million, which beat the Zacks Consensus Estimate of $689 million by 6.5%. Revenues were up 10.2% year over year. Murphy Oil Corporation price-consensus-eps-surprise-chart | Murphy Oil Corporation Quote Murphy Oil produced 174,200 barrels of oil equivalent per day (BOE/D) in first-quarter 2026 (excluding non-controlling interest in GOM), exceeding the guided range of 164,000-172,000 BOE/D. The strong production volume was due to outperformance in the Eagle Ford Shale and strong uptime in the Gulf of America. Total costs and expenses were $595.3 million, up 14.1% from $521.8 million in the year-ago quarter. The increase was primarily due to higher exploration expenses. Interest expenses in the quarter were $28.98 million, up 23.2% compared with $23.52 million in the year-ago quarter. The company is exploring new opportunities in the Gulf of America, Morocco, Côte d’lvoire and Vietnam, which will further strengthen its production volume and operations. Murphy Oil increased its quarterly dividend rate by 8%, resulting in an annual dividend of $1.40 per share. The company distributed a total dividend worth $50 million in the first quarter. Murphy Oil also buys back shares and still has $550 million remaining under its share repurchase authorization. Murphy Oil enjoyed the benefits of improved Crude oil, condensate and natural gas prices both in domestic and international operations. While the decline in natural gas liquids offset some of the gain. The U.S. Crude oil and condensate onshore improved 2.5% year over year to $73.44 per barrel, natural gas onshore improved 10.7% to $3.74 per thousand cubic feet, while natural gas liquids declined 24% to $17.60 per barrel. The company had cash and cash equivalents of $378.7 million as of March 31, 2026, compared with $377.2 million as of Dec. 31, 2025. It had $2.4 billion of liquidity as of March 31, 2026. Long-ter...

Devon Energy Corp. DVN reported first-quarter 2026 earnings per share (EPS) of $1.04, surpassing the Zacks Consensus Estimate of $1 by 4%. The metric was down 14% year over year. GAAP EPS in the reported quarter was 19 cents compared with 77 cents in the year-ago quarter. The difference between GAAP and operating earnings in the first quarter was due to an impact of 81 cents from fair value changes in financial instruments, 1 cent for asset and exploration impairments, and 3 cents from restructuring and transaction costs. Total revenues for the quarter were $3.80 billion, which lagged the Zacks Consensus Estimate of $4.16 billion by 8.5%. The top line decreased 14.5% from the year-ago quarter’s figure Devon Energy Corporation price-consensus-eps-surprise-chart | Devon Energy Corporation Quote Net production in the first quarter totaled 833,000 barrels of oil equivalent per day (Boe/d), up 2.2% year over year. The production volume was within the guided range of 823,000-843,000 Boe/d. Improvement in production volumes from the Delaware Basin boosted the metric. Natural gas liquids production increased 7.4% year over year to 218,000 barrels per day (Bbl/d). Oil production amounted to 387,000 Bbl/d, down marginally by 0.2% on a year-over-year basis, due to a weaker contribution from the Delaware Basin. Realized oil prices (including cash settlements) for the quarter were $67.94 per barrel, down 1.7% from $69.15 in the year-ago period. Realized prices for natural gas liquids were $17.80 per barrel, down 18.8% from $21.93 in the prior-year quarter. Realized gas prices were $1.68 per thousand cubic feet, indicating a decline of 32.3% from $2.48 a year ago. Total oil equivalent realized prices, including cash settlements, were $38.94 per Boe, down nearly 8.3% year over year. Total production expenses in the first quarter were $894 million, down 19.7% year over year. Devon Energy bought back $69 million worth of shares in the first quarter. Looking ahead, management has outlined plans to introduce a new share repurchase program exceeding $5 billion and to raise the quarterly fixed dividend, subject to board approval following the completion of the Coterra merger. On Feb. 2, 2026, Devon Energy agreed to merge with Coterra Energy in an all-stock deal, creating one of the world’s largest shale operators with a strong foothold in the core of the Delaware Basin. The comb...

Oil and gas producer Devon Energy (NYSE:DVN) missed Wall Street’s revenue expectations in Q1 CY2026, with sales falling 16.1% year on year to $3.81 billion. Its GAAP profit of $0.19 per share was 82.1% below analysts’ consensus estimates. Is now the time to buy Devon Energy? Find out in our full research report. Revenue: $3.81 billion vs analyst estimates of $3.89 billion (16.1% year-on-year decline, 2% miss) EPS (GAAP): $0.19 vs analyst expectations of $1.06 (82.1% miss) Free Cash Flow Margin: 21.4%, similar to the same quarter last year Oil production per day: up 2.2% year on year Market Capitalization: $31.69 billion With operations spanning from the oil-rich Delaware Basin to the Bakken formation of North Dakota, Devon Energy (NYSE:DVN) explores for and produces oil, natural gas, and natural gas liquids from wells drilled across the United States. A company’s long-term performance can give signals about its business quality. Even a bad business, especially in a cyclical industry, can shine for a year or so, but a top-tier one should exhibit resilience through cycles. Over the last five years, Devon Energy grew its sales at an exceptional 22.7% compounded annual growth rate. Its growth surpassed the average energy upstream and integrated energy company and shows its offerings resonate with customers, a great starting point for our analysis. Even a long stretch in Energy can be shaped by a single commodity cycle, so extending the view to ten years adds another perspective and reveals which companies are built to grow regardless of the pricing regime. Devon Energy’s annualized revenue growth of 3.3% over the last ten years is below its five-year trend, but we still think the results suggest decent demand. While looking at revenue is important, it can also introduce noise around commodity prices and M&A. Analyzing drivers of revenue, on the other hand, highlights what is happening inside the asset base and whether the economic footprint of a company is expanding. Over the last two years, Devon Energy’s oil production per day averaged 13.2% year-on-year growth while its natural gas production per day averaged 16.6% year-on-year growth. This quarter, Devon Energy missed Wall Street’s estimates and reported a rather uninspiring 16.1% year-on-year revenue decline, generating $3.81 billion of revenue. This quarter, Devon Energy reported modest year-on-year Oil pr...

OKLAHOMA CITY, May 05, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the first-quarter 2026. The company also provided a second-quarter 2026 outlook. Devon’s earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com. The company’s first-quarter conference call will be held at 10:00 a.m. Central time (11:00 a.m. Eastern time) on Wednesday, May 6, 2026, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com.

OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Devon Energy Corp. (DVN) on Tuesday reported first-quarter net income of $120 million. On a per-share basis, the Oklahoma City-based company said it had net income of 19 cents. Earnings, adjusted for non-recurring costs and restructuring costs, came to $1.04 per share. The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1 per share. The oil and gas exploration company posted revenue of $3.81 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $4.16 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DVN at https://www.zacks.com/ap/DVN

Devon Energy (DVN) reported Q1 net earnings late Tuesday of $0.19 per diluted share, down from $0.77

Devon Energy (DVN) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.66%. A quarter ago, it was expected that this oil and gas exploration company would post earnings of $0.81 per share when it actually produced earnings of $0.82, delivering a surprise of +1.23%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Devon Energy, which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $3.81 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 8.48%. This compares to year-ago revenues of $4.45 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Devon Energy shares have added about 39.9% since the beginning of the year versus the S&P 500's gain of 5.2%. While Devon Energy has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Devon Energy was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the compl...