10-QPeriod: Q2 FY2009

DEVON ENERGY CORP/DE Quarterly Report for Q2 Ended Jun 30, 2009

Filed August 6, 2009For Securities:DVN

Summary

Devon Energy Corporation's 10-Q filing for the period ending June 30, 2009, presents a mixed financial picture amidst the challenging economic environment. While the company demonstrated resilience in certain operational areas, it also faced headwinds impacting its overall financial performance. Investors should pay close attention to the company's revenue generation, cost management, and capital expenditures as key indicators of its ability to navigate the prevailing market conditions and generate sustainable returns. The report details Devon's financial position, operational results, and cash flows. The Management's Discussion and Analysis section is crucial for understanding the company's strategies and outlook. Key areas to monitor include commodity price fluctuations, production volumes, and any strategic initiatives undertaken to enhance asset value or manage debt. Given the timing, the broader economic climate and its impact on energy demand and pricing are significant contextual factors for this filing.

Financial Highlights

40 data points
Beta

Revenue

$1.82B

Net Income

$314.00M

17.2% Net Margin

EPS (Diluted)

$0.70

Total Assets

$27.06B

Cash & Equivalents

$656.00M

Free Cash Flow

$11.00M

Financial Statements
Beta
Revenue$1.82B
Operating Expenses$1.52B
Operating Income$190.00M
Interest Expense$110.00M
Net Income$314.00M
EPS (Basic)$0.71
EPS (Diluted)$0.70

Key Highlights

  • 1The filing provides the unaudited consolidated financial statements for the quarter and six months ended June 30, 2009, offering a snapshot of the company's performance during this period.
  • 2Management's Discussion and Analysis (MD&A) offers insights into the results of operations, financial condition, and key business drivers.
  • 3The report details the company's liquidity and capital resources, crucial for understanding its ability to fund operations and investments.
  • 4Disclosure of market risk includes information on how changes in commodity prices, interest rates, and foreign currency exchange rates could impact financial results.
  • 5The filing includes information on controls and procedures, providing assurance on the effectiveness of internal controls over financial reporting.
  • 6Exhibits are provided, which may include material contracts, compensation plans, and other important documents filed with the SEC.

Frequently Asked Questions

The 10-Q filing provides the unaudited consolidated financial statements, which indicate the company's financial position, including assets, liabilities, and equity. Investors should review the Consolidated Balance Sheets and the MD&A section for a detailed assessment of financial health, including liquidity and leverage.

The Consolidated Statements of Operations will detail revenue, cost of revenues, operating expenses, and net income. The MD&A section is essential for understanding the operational drivers behind these results, such as production volumes, commodity prices, and operating costs.

The filing includes a section on Quantitative and Qualitative Disclosures About Market Risk, which outlines the company's exposure to market fluctuations, primarily related to commodity prices. The MD&A also discusses other risks related to operations and the broader economic environment.

The MD&A section is the primary source for understanding the company's strategies regarding liquidity, capital expenditures, debt management, and any planned financing activities. Investors should look for discussions on how the company plans to fund its operations and growth initiatives.