Investor Presentaiton
Q1 2022 - Another Impressive Financial Performance
Key financial metrics
Q1 2022
Change (vs. Q4'21)
Fixed-plus-variable dividend payout
$1.27
Core earnings (per share)
EBITDAX ($MM)
$1.88
↑ 35%
>270%
$2,135
↑ 18%
$1.00
DIVIDEND GROWTH
VS. Q1 2021
$0.84
0.6x
+25%
Leverage (net debt-to-EBITDAX)
$0.49
Operating cash flow ($MM)
$1,837
↑ 14%
$0.34
Reinvestment rate (% of cash flow)
Free cash flow ($MM)
31%
$1,300
1%
↑ 18%
Note: Core earnings, EBITDAX, net debt-EBITDAX and free cash flow are non-GAAP disclosures. See Devon's first-quarter 2022 earnings materials for
more details regarding non-GAAP disclosures.
Q1 2022 Earnings Presentation
Q1 2021
Q2 2021
Q3 2021
Q4 2021
Q1 2022
EXPANDING OUR SHARE
REPURCHASE PROGRAM (pg. 9)
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