Devon Energy (DVN) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter declined compared with both the preceding quarter and the same period a year ago. The trajectory reflects a moderation from the prior quarter’s growth.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter declined compared with both the preceding quarter and the same period a year ago. The trajectory reflects a moderation from the prior quarter’s growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.8B
Revenue reported for this quarter.
Quarter-over-quarter
-2.5%
Change from the immediately preceding quarter.
Year-over-year
-5.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2023 | $3.8B | -12.2% |
| Mar 31, 2024 | $3.7B | -0.5% |
| Jun 30, 2024 | $3.9B | +10.3% |
| Sep 30, 2024 | $3.8B | -5.8% |
Revenue performance
Revenue for the period moved lower versus the immediately preceding quarter, reversing the prior upward trend. On an annual comparison, the decrease was larger than the sequential decline.
Quarterly comparison
Sequential revenue fell from the level reported in the prior quarter, which had shown an increase. When measured against the same quarter one year earlier, revenue also contracted.
What to watch
The trailing twelve‑month revenue total held modestly above the current quarterly run‑rate, suggesting the quarterly decline may warrant attention.