Devon Energy (DVN) Debt Ratio (2009 - 2026)
Devon Energy's (DVN) quarterly Debt Ratio came in at 0.2 in Q2 2026, down 35.34% year-over-year from 0.31 in Q2 2025, and down 36.42% quarter-over-quarter from 0.32 in Q1 2026.
Analysis
Devon Energy (DVN) Debt Ratio (2009 - 2026) Analysis & Trends
Devon Energy (DVN) has reported Debt Ratio for 18 consecutive years, with 0.2 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Debt Ratio fell 35.34% year-over-year to 0.2 in Q2 2026; TTM through Jun 2026 was 0.2, a 35.34% decrease from a year earlier, with the FY2025 full-year figure at 0.33, up 1.7% from the prior year.
- Debt Ratio was 0.2 for Q2 2026 at Devon Energy, down from 0.32 in the prior quarter.
- Over five years, Debt Ratio peaked at 0.33 in Q3 2025 and troughed at 0.2 in Q2 2026.
- A 5-year average of 0.3 and a median of 0.3 in 2022 frame the typical range for Debt Ratio.
- Across the five-year window, Debt Ratio increased 13.33% in 2025 and tumbled 35.34% in 2026, its largest moves.
- Over 5 years, Debt Ratio stood at 0.3 in 2022, then decreased by 2.53% to 0.29 in 2023, then climbed by 11.14% to 0.32 in 2024, then grew by 1.7% to 0.33 in 2025, then slumped by 38.27% to 0.2 in 2026.
- The last three Debt Ratio figures came in at 0.2 (Q2 2026), 0.32 (Q1 2026), and 0.33 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 161.33 Bn | 153.64 Bn | 12.81 Bn | 0.19 |
| 2 | Canadian Natural Resources | 104.99 Bn | 103.10 Bn | 8.84 Bn | - |
| 3 | Eog Resources | 76.13 Bn | 71.22 Bn | - | 0.14 |
| 4 | Diamondback Energy | 55.89 Bn | 61.52 Bn | 5.55 Bn | 0.18 |
| 5 | Devon Energy | 52.87 Bn | 51.86 Bn | 6.02 Bn | 0.20 |
| 6 | Expand Energy | 22.67 Bn | 21.40 Bn | 2.33 Bn | 0.13 |
| 7 | Permian Resources | 19.56 Bn | 19.30 Bn | - | 0.16 |
| 8 | Ovintiv | 17.91 Bn | 17.03 Bn | 2.83 Bn | 0.19 |
| 9 | Apa | 14.98 Bn | 15.46 Bn | 2.28 Bn | 0.21 |
| 10 | Antero Resources | 12.17 Bn | 11.60 Bn | 1.56 Bn | 0.17 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.20 |
| Mar 31, 2026 | 0.32 |
| Dec 31, 2025 | 0.33 |
| Sep 30, 2025 | 0.33 |
| Jun 30, 2025 | 0.31 |
| Mar 31, 2025 | 0.32 |
| Dec 31, 2024 | 0.32 |
| Sep 30, 2024 | 0.29 |
| Jun 30, 2024 | 0.28 |
| Mar 31, 2024 | 0.28 |
| Dec 31, 2023 | 0.29 |
| Sep 30, 2023 | 0.29 |
| Jun 30, 2023 | 0.30 |
| Mar 31, 2023 | 0.30 |
| Dec 31, 2022 | 0.30 |
| Sep 30, 2022 | 0.30 |
| Jun 30, 2022 | 0.28 |
| Mar 31, 2022 | 0.30 |
| Dec 31, 2021 | 0.31 |
| Sep 30, 2021 | 0.31 |