Devon Energy DVN
NYSE DVN
$49.73 -0.50 (-1.00%)
As of: Sep 14, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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