Devon Energy (DVN) Free Cash Flow (2009 - 2026)
Devon Energy's (DVN) quarterly Free Cash Flow came in at $2.4 billion in Q2 2026, up 300.0% year-over-year from $589.0 million in Q2 2025, and up 188.73% quarter-over-quarter from $816.0 million in Q1 2026.
Analysis
Devon Energy (DVN) Free Cash Flow (2009 - 2026) Analysis & Trends
Devon Energy (DVN) has reported Free Cash Flow for 18 consecutive years, with $2.4 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Free Cash Flow rose 300.0% year-over-year to $2.4 billion in Q2 2026; TTM through Jun 2026 was $4.7 billion, a 50.4% increase from a year earlier, with the FY2025 full-year figure at $3.1 billion, up 5.55% from the prior year.
- Free Cash Flow was $2.4 billion for Q2 2026 at Devon Energy, up from $816.0 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $2.4 billion in Q2 2026 and troughed at $326.0 million in Q2 2023.
- A 5-year average of $994.2 million and a median of $823.5 million in 2023 frame the typical range for Free Cash Flow.
- Across the five-year window, Free Cash Flow soared 1297.85% in 2022 and tumbled 84.51% in 2023, its largest moves.
- Over 5 years, Free Cash Flow stood at $1.1 billion in 2022, then slipped by 25.29% to $827.0 million in 2023, then decreased by 10.76% to $738.0 million in 2024, then slipped by 4.88% to $702.0 million in 2025, then surged by 235.61% to $2.4 billion in 2026.
- The last three Free Cash Flow figures came in at $2.4 billion (Q2 2026), $816.0 million (Q1 2026), and $702.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 165.25 Bn | 157.56 Bn | 12.81 Bn | 4.41 Bn |
| 2 | Canadian Natural Resources | 105.04 Bn | 103.15 Bn | 8.84 Bn | 6.65 Bn |
| 3 | Eog Resources | 77.79 Bn | 72.88 Bn | - | 3.03 Bn |
| 4 | Diamondback Energy | 57.62 Bn | 57.16 Bn | 5.55 Bn | 2.59 Bn |
| 5 | Devon Energy | 46.50 Bn | 45.49 Bn | 6.02 Bn | 2.36 Bn |
| 6 | Expand Energy | 22.24 Bn | 20.97 Bn | 2.33 Bn | 343.00 Mn |
| 7 | Permian Resources | 19.88 Bn | 19.62 Bn | - | 984.25 Mn |
| 8 | Ovintiv | 18.21 Bn | 17.33 Bn | 2.83 Bn | 1.06 Bn |
| 9 | Apa | 15.83 Bn | 15.39 Bn | 2.28 Bn | 1.14 Bn |
| 10 | Antero Resources | 11.76 Bn | 11.19 Bn | 1.56 Bn | 131.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.36 Bn |
| Mar 31, 2026 | 816.00 Mn |
| Dec 31, 2025 | 702.00 Mn |
| Sep 30, 2025 | 820.00 Mn |
| Jun 30, 2025 | 589.00 Mn |
| Mar 31, 2025 | 1.01 Bn |
| Dec 31, 2024 | 738.00 Mn |
| Sep 30, 2024 | 786.00 Mn |
| Jun 30, 2024 | 587.00 Mn |
| Mar 31, 2024 | 844.00 Mn |
| Dec 31, 2023 | 827.00 Mn |
| Sep 30, 2023 | 843.00 Mn |
| Jun 30, 2023 | 326.00 Mn |
| Mar 31, 2023 | 665.00 Mn |
| Dec 31, 2022 | 1.11 Bn |
| Sep 30, 2022 | 1.48 Bn |
| Jun 30, 2022 | 2.11 Bn |
| Mar 31, 2022 | 1.30 Bn |
| Dec 31, 2021 | 1.10 Bn |
| Sep 30, 2021 | 1.12 Bn |