All companies
Devon Energy logo
EnergyDVN

Devon Energy (DVN) Financial Forecast Calculator

Interactive 5-year forecast and DCF for Devon Energy. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Devon Energy’s most recent SEC filings.

Revenue FY30
$37.67B
from $15.14B
FCF FY30
$11.92B
Margin 31.6%
Enterprise value
$158.65B
10.5× LTM revenue
Equity value
$150.62B
Net debt $8.03B
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
20.0%
-10.0%baseline 20.0%40.0%
Gross margin
45.0%
5.0%baseline 45.0%90.0%
Capex % of revenue
21.2%
0.0%baseline 21.2%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the Devon Energy forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Frequently asked

What is Devon Energy's primary business focus?+

Devon Energy Corporation is a leading independent oil and natural gas exploration and production company, focused entirely on onshore operations within the United States. It operates a multi-basin portfolio, with its most capital-intensive acreage in the Delaware Basin, complemented by positions in other key shale plays.

How does Devon Energy generate its revenue?+

Devon Energy generates approximately 70% of its total revenues from Oil, Gas, and NGL Sales. The remaining 30% comes from Marketing and Midstream Revenues, with all revenue generated within the United States.

What is Devon Energy's typical capital expenditure as a percentage of revenue?+

Devon Energy's capital expenditure typically ranges from 20% to 25% of its revenue, though this percentage can fluctuate based on commodity prices. A significant portion, approximately 70% to 80%, is dedicated to maintenance capex to offset natural production declines.

What major strategic moves has Devon Energy made recently to drive growth?+

Devon Energy has been a transformational acquirer, merging with WPX Energy in 2021 and acquiring Grayson Mill Energy in late 2024. The company also announced a definitive agreement to merge with Coterra Energy in early 2026, aiming to create a premier shale operator.

What is the purpose of the financial model available for Devon Energy?+

The financial model for Devon Energy provides a comprehensive equity valuation and commodity price scenario analysis. It enables analysts to forecast free cash flow generation, assess dividend sustainability, and evaluate the pro-forma impact of recent acquisitions.

Where can I find a financial model for Devon Energy to analyze its future performance?+

A downloadable Excel model is available for Devon Energy, which forecasts financial performance from FY2026 through FY2030. This general corporate model allows for detailed analysis of the company's future financial outlook.

Have more financial modelling questions? Contact us

Go further

Build the financial model you need with Fina

Browse templates, examples, and downloadable Excel models for the analysis you are trying to build. If you can't find your model, ask Fina to build a model for your specific needs.

Start for free
Excel financial model spreadsheet preview showing Customer Rollforward
Fina interactive chat interface preview