Devon Energy’s Q2 2018 revenues estimates
For Q2 2018, Wall Street analysts expect Devon Energy (DVN) to report revenues of ~$3.90 billion. On a year-over-year basis, DVN’s Q2 2018 revenues expectations are ~24% higher compared with its Q2 2017 revenues of ~$3.15 billion. Sequentially, Devon Energy’s Q2 2018 revenue expectations are ~2% higher compared with its Q1 2018 revenues of ~$3.81 billion.
In Q2 2018, Devon Energy’s production volumes are expected to remain unchanged compared with Q2 2017. We’ll look at DVN’s production in the next part of this series.
Despite flat expected year-over-year growth in Devon Energy’s Q2 2018 production, its expected year-over-year revenue growth in Q2 2018 can be attributed to its higher crude oil prices in Q2 2018.
Next in this series, let’s take a look at DVN’s production guidance.