Devon Energy (NYSE:DVN) posted impressive third-quarter 2024 results, with revenue surpassing estimates and helping lift its stock by more than 2% in pre-market today.

The oil and gas giant reported revenue of $4.02 billion, well above the anticipated $3.72 billion and reflecting substantial growth over last year’s figures. However, its adjusted earnings per share landed at $1.10, narrowly missing the consensus estimate of $1.11.

The strong revenue performance overshadowed the slight earnings miss, driving investor confidence and boosting Devon’s stock.