From Nasdaq: 2024-04-30 06:04:00

Devon Energy Corporation (DVN) will report Q1 2024 results on May 1. Analysts expect earnings of $1.10 per share on revenues of $3.62 billion, a decline from last year. The company’s production was affected by severe weather conditions in January, leading to a 2% decrease. Devon Energy expects no impact on 2024 production volumes.

Stable free cash flow generation and share repurchases may have positively impacted first-quarter earnings. Investors can also consider ConocoPhillips (COP), EOG Resources (EOG), and PBF Energy Inc. (PBF) for potential earnings beats. Devon Energy’s assets and weather-related downtime are essential factors to watch in Q1 results. Want the latest recommendations from Zacks Investment Research? Download 7 Best Stocks for the Next 30 Days now.



Read more at Nasdaq: Will Multi-Basin Assets Aid Devon Energy (DVN) in Q1 Earnings?