8 Most Profitable Natural Gas Stocks To Invest In

5. Devon Energy Corporation (NYSE:DVN)

Number of Hedge Fund Investors: 41

5-Year Net Income CAGR: 18.84%

TTM Net Income: $3.40 Billion

Devon Energy Corporation (NYSE:DVN) is a leading independent oil and gas exploration and production company headquartered in Oklahoma. The company maintains a strong presence in major U.S. basins, including the Permian Basin, Delaware Basin, Williston Basin, and Powder River Basin.

Devon Energy Corporation (NYSE:DVN) is actively prioritizing strategies to maximize natural gas realizations, particularly in the Permian Basin. The company has made substantial investments in infrastructure to transport gas from the Waha hub to the Gulf Coast. A notable example of this effort is the recent completion of the Matterhorn Express Pipeline, a 580-mile natural gas pipeline with a capacity of 2 billion cubic feet per day, connecting the Permian Basin to Katy, Texas. This initiative aims to minimize the company’s exposure to regional price fluctuations by ensuring access to the Gulf Coast market.

To support continued growth in production and operational efficiency, Devon Energy Corporation (NYSE:DVN) is embracing advanced technologies. Key areas of focus include the deployment of e-frac (electric fracturing) and simul-frac (simultaneous fracturing) techniques. Additionally, the company is leveraging data analytics and machine learning to optimize well placement and completion designs, ensuring maximum production from each well.