04:43 PM EDT, 05/01/2024 (MT Newswires) -- Devon Energy ( DVN ) reported Q1 core earnings Wednesday of $1.16 per diluted share, down from $1.46 a year earlier.

Analysts polled by Capital IQ expected $1.11.

Revenue in the quarter ended March 31 was $3.6 billion, down from $3.82 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.6 billion.

The company maintained a quarterly fixed dividend at $0.22 a share and will pay a variable distribution of $0.13 a share. They are payable June 28 to shareholders of record June 14.

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