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Will Devon Energy Report Higher Profits in Q2 2018?

Nicholas Chapman
Will Devon Energy Report Higher Profits in Q2 2018?

Devon Energy (DVN) is expected to report its Q2 2018 earnings on July 31 after the market closes. For Q2 2018, excluding any one-time items, the current consensus net income estimate for Devon Energy is ~$177 million, which is almost the same as its adjusted net income in Q2 2017. However, on a sequential basis and excluding any one-time items, DVN’s Q2 2018 consensus net income estimate is ~64% higher than its profit of ~$108 million in Q1 2018.