EOG Resources vs Devon Energy
Explore a comprehensive comparison between EOG Resources and Devon Energy. This page delves into their respective business models, evaluates key aspects of their financial performance, and analyses their market context. Gain insights into how these two energy companies stand against each other without external claims or specific recommendations. Educational content, not financial advice.
Explore a comprehensive comparison between EOG Resources and Devon Energy. This page delves into their respective business models, evaluates key aspects of their financial performance, and analyses th...
Why It's Moving
EOG Resources Gains Traction as Analysts Eye Undervaluation Amid Oil Sector Shifts.
- Stock up 3.5% in the past week and 6.8% year-to-date, outpacing the S&P 500 amid broader energy sector repricing.
- Analysts trimmed price targets citing oil supply glut and softer 2026 WTI forecasts at $60/barrel, but maintain positive ratings on data center-driven natgas demand.
- Recent DCF models peg EOG as 55.9% undervalued at current levels around $112, fueled by $4.1B trailing free cash flow projections.
Devon Energy strikes $58B merger with Coterra, forging shale powerhouse amid initial stock dip.
- Coterra shareholders get 0.7 Devon shares per share, with Devon holders owning 54% and Coterra 46% of the combined entity post-close in Q2 2026.
- Newco to launch with $0.315 quarterly dividend and $5B+ share repurchase program, enhancing shareholder returns through cycle resilience.
- CEO Clay Gaspar hails the merger for blending top-tier assets, projecting higher free cash flow that neither firm could achieve solo.
EOG Resources Gains Traction as Analysts Eye Undervaluation Amid Oil Sector Shifts.
- Stock up 3.5% in the past week and 6.8% year-to-date, outpacing the S&P 500 amid broader energy sector repricing.
- Analysts trimmed price targets citing oil supply glut and softer 2026 WTI forecasts at $60/barrel, but maintain positive ratings on data center-driven natgas demand.
- Recent DCF models peg EOG as 55.9% undervalued at current levels around $112, fueled by $4.1B trailing free cash flow projections.
Devon Energy strikes $58B merger with Coterra, forging shale powerhouse amid initial stock dip.
- Coterra shareholders get 0.7 Devon shares per share, with Devon holders owning 54% and Coterra 46% of the combined entity post-close in Q2 2026.
- Newco to launch with $0.315 quarterly dividend and $5B+ share repurchase program, enhancing shareholder returns through cycle resilience.
- CEO Clay Gaspar hails the merger for blending top-tier assets, projecting higher free cash flow that neither firm could achieve solo.
Investment Analysis
Pros
- EOG maintains a durable competitive moat with ROIC exceeding WACC by 8.87% and strong profitability margins of 75.7% gross and 27.39% net.
- Company holds a net cash position with negative net debt to EBITDA ratio of -0.16, supporting financial stability.
- Ongoing cost reductions in Delaware Basin and Eagle Ford, plus Encino integration synergies of $150 million, enhance operational efficiency.
Considerations
- Plans low-to-flat oil production in 2026 amid persistent oil oversupply pressuring prices for several quarters.
- Recent revenue growth slowed to 0.85% over the past year with declining gross profit and EBIT.
- Exposed to high commodity price volatility and operational risks directly impacting cash flow and profitability.
Devon Energy
DVN
Pros
- Devon benefits from strong free cash flow generation in core Permian and Bakken basins amid high oil prices.
- Variable dividend policy returns up to 50% of free cash flow to shareholders, enhancing yield attractiveness.
- Recent debt reduction strengthens balance sheet, improving liquidity and financial flexibility.
Considerations
- Heightened sensitivity to oil price declines due to higher production costs compared to peers.
- Ongoing integration risks from Williston Basin acquisitions could delay synergies and raise execution challenges.
- Cyclical exposure to energy sector volatility and regulatory shifts in key U.S. shale plays.
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EOG Resources (EOG) Next Earnings Date
EOG Resources is scheduled to report its fourth quarter and full year 2025 earnings on February 25, 2026, with a webcast and conference call beginning at 10:00 AM EST. The earnings report will cover the fiscal quarter ending December 2025. This upcoming announcement represents the company's final quarterly results for the 2025 fiscal year, following a pattern of reporting earnings approximately 7-8 weeks after quarter-end.
Devon Energy (DVN) Next Earnings Date
Devon Energy (DVN) is estimated to release its next earnings report on February 17, 2026, covering the fourth quarter of 2025. This date aligns with the company's historical pattern of mid-February announcements for Q4 results, following the Q3 2025 report issued in early November 2025. Investors should monitor official channels for any confirmation or adjustments to this schedule.
EOG Resources (EOG) Next Earnings Date
EOG Resources is scheduled to report its fourth quarter and full year 2025 earnings on February 25, 2026, with a webcast and conference call beginning at 10:00 AM EST. The earnings report will cover the fiscal quarter ending December 2025. This upcoming announcement represents the company's final quarterly results for the 2025 fiscal year, following a pattern of reporting earnings approximately 7-8 weeks after quarter-end.
Devon Energy (DVN) Next Earnings Date
Devon Energy (DVN) is estimated to release its next earnings report on February 17, 2026, covering the fourth quarter of 2025. This date aligns with the company's historical pattern of mid-February announcements for Q4 results, following the Q3 2025 report issued in early November 2025. Investors should monitor official channels for any confirmation or adjustments to this schedule.
Which Baskets Do They Appear In?
OPEC+ Supply Squeeze: Could Shale Stocks Surge?
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Published: October 10, 2025
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Fuel up with investment opportunities in the energy markets. This collection features carefully selected stocks from industry giants and innovators, chosen by professional analysts for their potential in the growing $6.93 trillion global oil and gas market.
Published: May 15, 2025
Explore BasketWhich Baskets Do They Appear In?
OPEC+ Supply Squeeze: Could Shale Stocks Surge?
OPEC+ has decided to limit its oil production increase, causing a climb in global oil prices. This creates a potential investment opportunity in oil and gas companies, especially U.S. shale producers, who can benefit from the higher prices.
Published: October 10, 2025
Explore BasketOil & Gas
Fuel up with investment opportunities in the energy markets. This collection features carefully selected stocks from industry giants and innovators, chosen by professional analysts for their potential in the growing $6.93 trillion global oil and gas market.
Published: May 15, 2025
Explore BasketBuy EOG or DVN in Nemo
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