Devon Energy (DVN) FY2025 10-K Annual Report
Devon Energy (DVN) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 18, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Devon Energy FY2025 10-K Analysis
Business Overview
- • Core business model: Exploration and production of oil and natural gas
- • New emphasis on comprehensive cybersecurity Program aligned with NIST Framework, including third-party vendor risk assessments
Management Discussion & Analysis
- • Revenue and core earnings 2025: Core earnings $2,520M vs $3,105M in 2024, down $585M YoY
- • Operating margin indicators: EBITDAX $7,413M (2025) vs $7,739M (2024), down 4.3% YoY; Field-level cash margin $7,656M (2025) vs $7,993M (2024)
Risk Factors
- • Regulatory risk from EPA methane rules OOOOb and OOOOc finalized Dec 2023, requiring 95% emissions reduction and leak detection enhancements
- • Geopolitical risk from Russia-Ukraine conflict impacting oil and gas prices and supply, with exposure in Delaware Basin operations
Devon Energy FY2025 Key Financial MetricsXBRL
Revenue
$16.8B
▲ +5.4% YoY
Net Income
$2.6B
▼ -8.6% YoY
Net Margin
15.7%
▼ -242bp YoY
ROE
17.0%
▼ -293bp YoY
Total Assets
$31.6B
▲ +3.6% YoY
EPS (Diluted)
$4.17
▼ -8.6% YoY
Operating Cash Flow
$6.7B
▲ +1.7% YoY
Source: XBRL data from Devon Energy FY2025 10-K filing on SEC EDGAR. All figures in USD.
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