DEVON ENERGY CORP/DE Earnings Per Share Disclosure
The following table reconciles net earnings available to common shareholders and weighted-average common shares outstanding used in the calculations of basic and diluted net earnings per share.
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Year Ended December 31, |
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2025 |
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2024 |
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2023 |
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Net earnings available to common shareholders - basic and diluted |
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$ |
2,642 |
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$ |
2,891 |
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$ |
3,747 |
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Common shares: |
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Average common shares outstanding - basic |
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632 |
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632 |
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639 |
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Dilutive effect of potential common shares issuable |
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1 |
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2 |
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3 |
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Average common shares outstanding - diluted |
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633 |
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634 |
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642 |
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Net earnings per share available to common shareholders: |
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Basic |
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$ |
4.18 |
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$ |
4.58 |
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$ |
5.86 |
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Diluted |
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$ |
4.17 |
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$ |
4.56 |
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$ |
5.84 |
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 18, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 15, 2023 | |
| 2021 | Feb 16, 2022 | |
| 2017 | Feb 21, 2018 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.