Subtext

Devon Energy Corporation DVN

SectorEnergy
Transcripts72
Date range2007-08-01 – 2025-05-07
Calls charted72

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-24-12+0+12+242007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · Overall: +3.22007 Q3 · Overall: +2.82007 Q4 · Overall: +4.92008 Q1 · Overall: +3.12008 Q2 · Overall: +3.92008 Q3 · Overall: +2.92008 Q4 · Overall: -0.82009 Q1 · Overall: -0.82009 Q2 · Overall: +4.32009 Q3 · Overall: +5.22009 Q4 · Overall: +1.52010 Q1 · Overall: +3.12010 Q2 · Overall: -0.52010 Q3 · Overall: +4.12010 Q4 · Overall: +0.42011 Q1 · Overall: +7.22011 Q2 · Overall: +7.12011 Q3 · Overall: +10.62011 Q4 · Overall: +10.82012 Q1 · Overall: +4.12012 Q2 · Overall: +2.92012 Q3 · Overall: +4.22012 Q4 · Overall: +4.42013 Q1 · Overall: +7.82013 Q2 · Overall: +6.52013 Q3 · Overall: +12.02013 Q4 · Overall: +9.52014 Q1 · Overall: +10.12014 Q2 · Overall: +12.12014 Q3 · Overall: +9.62014 Q4 · Overall: +4.52015 Q1 · Overall: +11.22015 Q2 · Overall: +10.72015 Q3 · Overall: +13.42015 Q4 · Overall: +1.62016 Q1 · Overall: +6.22016 Q2 · Overall: +7.92016 Q3 · Overall: +9.32016 Q4 · Overall: +10.92017 Q1 · Overall: +12.32017 Q2 · Overall: +11.12017 Q3 · Overall: +11.82017 Q4 · Overall: +11.62018 Q1 · Overall: +11.82018 Q2 · Overall: +7.42018 Q3 · Overall: +5.62018 Q4 · Overall: +14.22019 Q1 · Overall: +12.92019 Q2 · Overall: +16.12019 Q3 · Overall: +13.32019 Q4 · Overall: +16.12020 Q1 · Overall: -0.12020 Q2 · Overall: +4.12020 Q3 · Overall: +15.52020 Q4 · Overall: +15.72021 Q1 · Overall: +12.92021 Q2 · Overall: +14.52021 Q3 · Overall: +19.42021 Q4 · Overall: +12.02022 Q1 · Overall: +11.32022 Q2 · Overall: +13.42022 Q3 · Overall: +13.62022 Q4 · Overall: +7.52023 Q1 · Overall: +15.02023 Q2 · Overall: +15.12023 Q3 · Overall: +10.82023 Q4 · Overall: +16.32024 Q1 · Overall: +9.12024 Q2 · Overall: +20.62024 Q3 · Overall: +18.12024 Q4 · Overall: +15.82025 Q1 · Overall: +13.9
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-53-27+0+27+532007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · CEO: +8.72007 Q3 · CEO: -3.12007 Q4 · CEO: +5.22008 Q1 · CEO: -1.92008 Q3 · CEO: +0.02008 Q4 · CEO: +3.62009 Q1 · CEO: -0.72009 Q2 · CEO: +4.62009 Q3 · CEO: +4.92009 Q4 · CEO: +0.82010 Q1 · CEO: +8.42010 Q2 · CEO: -3.32010 Q3 · CEO: +3.12010 Q4 · CEO: +6.12011 Q1 · CEO: +15.02011 Q2 · CEO: +18.72011 Q3 · CEO: +17.82011 Q4 · CEO: +18.02012 Q1 · CEO: +19.32012 Q2 · CEO: +6.72012 Q3 · CEO: +9.62012 Q4 · CEO: +7.32013 Q1 · CEO: +4.82013 Q2 · CEO: +9.32013 Q3 · CEO: +16.72013 Q4 · CEO: +11.02014 Q1 · CEO: +11.42014 Q2 · CEO: +13.62014 Q3 · CEO: +18.22014 Q4 · CEO: +4.92015 Q1 · CEO: +24.12015 Q2 · CEO: +16.82015 Q3 · CEO: +21.82015 Q4 · CEO: +11.82016 Q1 · CEO: +12.02016 Q2 · CEO: +15.32016 Q3 · CEO: +13.82016 Q4 · CEO: +18.42017 Q1 · CEO: +15.42017 Q2 · CEO: +19.42017 Q3 · CEO: +24.02017 Q4 · CEO: +13.22018 Q1 · CEO: +16.32018 Q2 · CEO: +10.42018 Q3 · CEO: +9.72018 Q4 · CEO: +25.62019 Q1 · CEO: +22.82019 Q2 · CEO: +18.72019 Q3 · CEO: +19.62019 Q4 · CEO: +26.12020 Q1 · CEO: +7.62020 Q3 · CEO: +21.62020 Q4 · CEO: +24.12021 Q1 · CEO: +14.02021 Q2 · CEO: +24.42021 Q3 · CEO: +26.92021 Q4 · CEO: +18.62022 Q1 · CEO: +13.82022 Q2 · CEO: +16.32022 Q3 · CEO: +23.22022 Q4 · CEO: +18.42023 Q1 · CEO: +23.12023 Q2 · CEO: +26.12023 Q3 · CEO: +15.22023 Q4 · CEO: +19.42024 Q2 · CEO: +32.52024 Q3 · CEO: +25.72024 Q4 · CEO: +35.72025 Q1 · CEO: +16.72010 Q1 · CFO: +46.22010 Q2 · CFO: +5.62010 Q3 · CFO: +8.02010 Q4 · CFO: +1.72011 Q1 · CFO: +11.12011 Q2 · CFO: +4.52011 Q3 · CFO: +16.22011 Q4 · CFO: +16.42012 Q1 · CFO: -1.82012 Q2 · CFO: -7.22012 Q3 · CFO: +7.72012 Q4 · CFO: +3.32013 Q1 · CFO: +12.72013 Q2 · CFO: +4.52013 Q3 · CFO: +14.02014 Q1 · CFO: +10.52014 Q2 · CFO: +20.62014 Q4 · CFO: +6.22016 Q1 · CFO: +26.72016 Q3 · CFO: +0.02017 Q1 · CFO: +9.52017 Q2 · CFO: +7.42017 Q3 · CFO: +11.42017 Q4 · CFO: +8.02018 Q1 · CFO: +2.32018 Q2 · CFO: +0.02018 Q3 · CFO: +16.12019 Q3 · CFO: +11.82019 Q4 · CFO: +16.52020 Q1 · CFO: +0.92020 Q3 · CFO: -2.02020 Q4 · CFO: +12.62021 Q1 · CFO: +12.62021 Q2 · CFO: +21.52021 Q4 · CFO: +4.52022 Q1 · CFO: +14.12022 Q2 · CFO: +9.52022 Q3 · CFO: +10.22022 Q4 · CFO: +8.62023 Q1 · CFO: +13.02023 Q2 · CFO: +12.02023 Q3 · CFO: +1.42023 Q4 · CFO: +14.02024 Q2 · CFO: +4.42024 Q3 · CFO: +13.42024 Q4 · CFO: +15.32025 Q1 · CFO: +26.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-47-24+0+24+472007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12007 Q2 · Prepared remarks: +2.52007 Q3 · Prepared remarks: +1.82007 Q4 · Prepared remarks: +4.22008 Q1 · Prepared remarks: +1.62008 Q2 · Prepared remarks: +0.72008 Q3 · Prepared remarks: +3.22008 Q4 · Prepared remarks: -2.22009 Q1 · Prepared remarks: +0.02009 Q2 · Prepared remarks: +10.72009 Q3 · Prepared remarks: +6.92009 Q4 · Prepared remarks: +1.72010 Q1 · Prepared remarks: +3.32010 Q2 · Prepared remarks: -0.22010 Q3 · Prepared remarks: +4.12010 Q4 · Prepared remarks: +2.82011 Q1 · Prepared remarks: +12.62011 Q2 · Prepared remarks: +5.12011 Q3 · Prepared remarks: +14.62011 Q4 · Prepared remarks: +14.32012 Q1 · Prepared remarks: +9.12012 Q2 · Prepared remarks: +3.62012 Q3 · Prepared remarks: +6.72012 Q4 · Prepared remarks: +4.52013 Q1 · Prepared remarks: +11.12013 Q2 · Prepared remarks: +13.62013 Q3 · Prepared remarks: +17.72013 Q4 · Prepared remarks: +12.22014 Q1 · Prepared remarks: +11.92014 Q2 · Prepared remarks: +15.52014 Q3 · Prepared remarks: +9.92014 Q4 · Prepared remarks: +3.42015 Q1 · Prepared remarks: +20.92015 Q2 · Prepared remarks: +25.92015 Q3 · Prepared remarks: +19.82015 Q4 · Prepared remarks: +7.02016 Q1 · Prepared remarks: +15.42016 Q2 · Prepared remarks: +19.82016 Q3 · Prepared remarks: +14.12016 Q4 · Prepared remarks: +24.92017 Q1 · Prepared remarks: +28.02017 Q2 · Prepared remarks: +25.62017 Q3 · Prepared remarks: +28.72017 Q4 · Prepared remarks: +21.02018 Q1 · Prepared remarks: +18.52018 Q2 · Prepared remarks: +12.62018 Q3 · Prepared remarks: +11.82018 Q4 · Prepared remarks: +28.82019 Q1 · Prepared remarks: +26.62019 Q2 · Prepared remarks: +26.52019 Q3 · Prepared remarks: +19.52019 Q4 · Prepared remarks: +26.22020 Q1 · Prepared remarks: +5.32020 Q2 · Prepared remarks: +5.32020 Q3 · Prepared remarks: +24.72020 Q4 · Prepared remarks: +25.02021 Q1 · Prepared remarks: +23.62021 Q2 · Prepared remarks: +24.72021 Q3 · Prepared remarks: +31.42021 Q4 · Prepared remarks: +24.22022 Q1 · Prepared remarks: +18.02022 Q2 · Prepared remarks: +25.02022 Q3 · Prepared remarks: +26.12022 Q4 · Prepared remarks: +14.42023 Q1 · Prepared remarks: +23.32023 Q2 · Prepared remarks: +26.62023 Q3 · Prepared remarks: +17.82023 Q4 · Prepared remarks: +28.32024 Q1 · Prepared remarks: +41.02024 Q2 · Prepared remarks: +35.22024 Q3 · Prepared remarks: +33.42024 Q4 · Prepared remarks: +26.22025 Q1 · Prepared remarks: +36.12007 Q2 · Q&A responses: +6.52007 Q3 · Q&A responses: +7.02007 Q4 · Q&A responses: +5.72008 Q1 · Q&A responses: +6.12008 Q2 · Q&A responses: +9.32008 Q3 · Q&A responses: +6.02008 Q4 · Q&A responses: +3.42009 Q1 · Q&A responses: +4.72009 Q2 · Q&A responses: +3.82009 Q3 · Q&A responses: +8.62009 Q4 · Q&A responses: +5.82010 Q1 · Q&A responses: +10.22010 Q2 · Q&A responses: +2.92010 Q4 · Q&A responses: +0.02011 Q1 · Q&A responses: +6.22011 Q2 · Q&A responses: +14.02011 Q3 · Q&A responses: +11.02011 Q4 · Q&A responses: +9.92012 Q1 · Q&A responses: +1.42012 Q2 · Q&A responses: +5.62012 Q3 · Q&A responses: +1.82013 Q1 · Q&A responses: +6.12013 Q2 · Q&A responses: +0.32013 Q3 · Q&A responses: +10.72013 Q4 · Q&A responses: +9.12014 Q1 · Q&A responses: +9.42014 Q2 · Q&A responses: +10.82014 Q3 · Q&A responses: +12.72014 Q4 · Q&A responses: +8.82015 Q1 · Q&A responses: +12.02015 Q2 · Q&A responses: +12.32015 Q3 · Q&A responses: +16.22015 Q4 · Q&A responses: +5.62016 Q1 · Q&A responses: +7.92016 Q2 · Q&A responses: +8.52016 Q3 · Q&A responses: +11.52016 Q4 · Q&A responses: +12.12017 Q1 · Q&A responses: +9.42017 Q2 · Q&A responses: +11.52017 Q3 · Q&A responses: +9.42017 Q4 · Q&A responses: +8.02018 Q1 · Q&A responses: +11.92018 Q2 · Q&A responses: +7.82018 Q3 · Q&A responses: +6.02018 Q4 · Q&A responses: +10.42019 Q1 · Q&A responses: +9.62019 Q2 · Q&A responses: +13.42019 Q3 · Q&A responses: +15.22019 Q4 · Q&A responses: +13.32020 Q1 · Q&A responses: -0.62020 Q2 · Q&A responses: +6.32020 Q3 · Q&A responses: +10.42020 Q4 · Q&A responses: +15.42021 Q1 · Q&A responses: +11.82021 Q2 · Q&A responses: +9.92021 Q3 · Q&A responses: +16.12021 Q4 · Q&A responses: +6.92022 Q1 · Q&A responses: +9.42022 Q2 · Q&A responses: +10.32022 Q3 · Q&A responses: +8.32022 Q4 · Q&A responses: +7.42023 Q1 · Q&A responses: +15.22023 Q2 · Q&A responses: +10.82023 Q3 · Q&A responses: +12.02023 Q4 · Q&A responses: +13.72024 Q1 · Q&A responses: +9.42024 Q2 · Q&A responses: +19.52024 Q3 · Q&A responses: +17.52024 Q4 · Q&A responses: +18.72025 Q1 · Q&A responses: +8.3
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$-1.62$4.62$10.872007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12014 Q1: $5.732014 Q2: $6.082014 Q3: $6.122014 Q4: $4.542015 Q1: $2.062015 Q2: $1.742015 Q3: $0.812015 Q4: $0.332016 Q1: $-0.762016 Q2: $-0.022016 Q3: $0.872016 Q4: $1.532017 Q1: $2.202017 Q2: $2.252017 Q3: $2.002017 Q4: $2.232018 Q1: $1.772018 Q2: $1.982018 Q3: $2.402018 Q4: $1.772019 Q1: $1.582019 Q2: $1.832019 Q3: $1.962019 Q4: $1.562020 Q1: $0.052020 Q2: $-0.322020 Q3: $0.262020 Q4: $0.622021 Q1: $1.862021 Q2: $2.582021 Q3: $3.742021 Q4: $5.352022 Q1: $6.682022 Q2: $9.092022 Q3: $10.012022 Q4: $9.102023 Q1: $7.152023 Q2: $6.502023 Q3: $6.232023 Q4: $6.252024 Q1: $5.192024 Q2: $5.542024 Q3: $5.62

Forward P/E

-2.3060.10122.502007 Q22009 Q32011 Q42014 Q12016 Q22018 Q32020 Q42023 Q12014 Q1: 11.072014 Q2: 12.852014 Q3: 11.702014 Q4: 12.882015 Q1: 29.212015 Q2: 35.532015 Q3: 50.682015 Q4: 92.642016 Q1: 92.642016 Q3: 46.322016 Q4: 30.732017 Q1: 18.672017 Q2: 14.342017 Q3: 16.732017 Q4: 17.092018 Q1: 18.462018 Q2: 21.512018 Q3: 16.582018 Q4: 13.472019 Q1: 18.592019 Q2: 14.702019 Q3: 13.552019 Q4: 15.832020 Q1: 113.892020 Q2: 113.892020 Q3: 37.902020 Q4: 25.662021 Q1: 12.702021 Q2: 11.242021 Q3: 8.112021 Q4: 7.472022 Q1: 7.852022 Q2: 7.532022 Q3: 7.212022 Q4: 6.802023 Q1: 6.312023 Q2: 7.542023 Q3: 8.132023 Q4: 7.082024 Q1: 9.132024 Q2: 8.232024 Q3: 7.18

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q1 tone ↑ +6.7 fwd EPS ↓ -2.48 Tone rose while the forward EPS estimate was cut.
  • 2015 Q3 tone ↑ +2.6 fwd EPS ↓ -0.93 Tone rose while the forward EPS estimate was cut.
  • 2016 Q1 tone ↑ +4.6 fwd EPS ↓ -1.09 Tone rose while the forward EPS estimate was cut.
  • 2018 Q2 tone ↓ -4.4 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↑ +8.6 fwd EPS ↓ -0.63 Tone rose while the forward EPS estimate was cut.
  • 2019 Q3 tone ↓ -2.8 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↑ +2.9 fwd EPS ↓ -0.40 Tone rose while the forward EPS estimate was cut.
  • 2020 Q2 tone ↑ +4.2 fwd EPS ↓ -0.37 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↓ -2.8 fwd EPS ↑ +1.25 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -7.5 fwd EPS ↑ +1.61 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↑ +7.5 fwd EPS ↓ -1.95 Tone rose while the forward EPS estimate was cut.
  • 2024 Q3 tone ↓ -2.5 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-07+13.9——View →
2024 Q42025-02-19+15.8——View →
2024 Q32024-11-06+18.1$5.627.2View →
2024 Q22024-08-07+20.6$5.548.2View →
2024 Q12024-05-02+9.1$5.199.1View →
2023 Q42024-02-28+16.3$6.257.1View →
2023 Q32023-11-08+10.8$6.238.1View →
2023 Q22023-08-02+15.1$6.507.5View →