Will Devon Energy Report Positive Free Cash Flow in Q2 2018?
Wall Street analysts expect Devon Energy (DVN) to report a ~4% higher year-over-year operating cash flow of ~$842 million in Q2 2018, up from ~$810 million in Q2 2017. On a sequential basis, DVN’s estimated Q2 2018 operating cash flow is ~5% higher compared with its ~$804 million in Q1 2018. DVN’s higher estimated Q2 2018 operating cash flow could be attributed to higher crude oil prices in the same quarter.