Devon Q4 net earnings $1.2B; raises fixed dividend 10%; FY23 free cash flow $2.7B

DEVON ENERGY CORP/DE

2023-FY EPS reported $5.84 revenue$15,258,000,000

Q4 net earnings $1.152B (diluted EPS $1.81); core earnings $902M ($1.41).
Q4 operating cash flow $1.737B; full-year 2023 free cash flow $2.7B.
Q4 production 662K Boe/d (317K oil), above guidance; Delaware Basin up 6% YoY.
Board raised fixed dividend 10% to $0.22/sh; $0.44 total declared; repurchased 5.2M shares ($234M).
2024 outlook: sustain oil ~315K bpd, total ~650K Boe/d; capEx $3.3-3.6B; Q1 weather impact ~2%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DEVON ENERGY CORP/DE reported the fourth-quarter and full-year 2023 results: net income net earnings of $1.2 billion, or $1.81 per diluted share, in the fourth quarter of 2023. Guidance reaffirmed.

Period: the fourth-quarter and full-year 2023
Net income: net earnings of $1.2 billion, or $1.81 per diluted share, in the fourth quarter of 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Devon reported net earnings of $1.2 billion, or $1.81 per diluted share, in the fourth quarter of 2023.

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DEVON ENERGY CORP/DE filing history →

Source: SEC EDGAR

accession 0001193125-24-047938

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