OKLAHOMA CITY ( TheStreet) -- Devon Energy ( DVN) said fourth-quarter earnings declined 16% but the profit topped analysts' estimates when certain items are stripped out.

Devon earned $562 million, or $1.29 a share, in the fourth quarter, down from year-earlier earnings of $667 million, or $1.49 a share.

Excluding items, Devon said it earned $683 million, or $1.57 a share, in the quarter. Analysts were expecting earnings of $1.40 a share.

Revenue fell to $2.14 billion from $2.45 billion.

Devon said its fourth-quarter production was "impacted by a number of minor operational issues including volume curtailments attributable to the Enbridge pipeline outage, completion delays, and interruptions due to severe weather. In aggregate, these items reduced fourth-quarter production by 11,000 equivalent barrels per day. "

-- Written by Joseph Woelfel

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