Civitas Resources

Civitas Resources, Inc. engages in the production of carbon neutral oil and gas. It focuses on developing and producing crude oil, natural gas and natural gas liquids in Colorado's Denver-Julesburg Basin. The company was founded on November 1, 2021 and is headquartered in Denver, CO.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Civitas Resources excels in financials, ESG commitment, and growth strategies

Civitas Resources' Q4 2022 Earnings Call highlighted strong financial performance, operational achievements, and a commitment to ESG initiatives. Despite challenges like weather impacts and market dynamics, the company is well-positioned to capitalize on opportunities through disciplined capital allocation and strategic growth initiatives. Shareholders can expect increased cash returns and a focus on emissions reduction in 2023.

Civitas Resources (CIVI) reports robust Q1 performance and growth outlook

Civitas Resources (CIVI) delivered a strong performance in Q1 2023, showcasing resilience in production despite weather challenges. The company's emphasis on financial discipline, operational excellence, and shareholder value underscores its commitment to sustainable growth. Addressing challenges and seizing opportunities will be key for driving future success and value creation.

Civitas Resources (CIVI) excels in Q2, plans divestments for growth

Civitas Resources (CIVI) showcased strong Q2 2023 results, exceeding expectations in production and cash flow. The company's focus on returning value to shareholders through dividends and stock repurchases remains a key highlight. Strategic acquisitions in the Permian and plans for divestment and capital investments underscore Civitas' commitment to growth and financial discipline.

Civitas Resources excels in Q3, balancing growth and financial discipline

Civitas Resources delivered strong Q3 results, driven by operational performance and strategic asset integration.
The company's emphasis on financial discipline, shareholder value, and cautious growth strategies underpin its resilience.
Challenges in balancing growth investments and strategic decisions highlight the need for prudent risk management.
Opportunities in asset optimization, strategic expansion, and financial efficiency position Civitas Resources for future success.

Civitas Resources doubles production and reserves, prioritizes shareholder returns

Civitas Resources (CIVI) delivered a strong performance in Q4 2023, marked by significant production growth, reserves expansion, and shareholder returns, underlining its operational excellence and financial discipline.
The company's focus on optimizing operations, balancing capital allocation, and enhancing environmental efforts positions it well for sustained growth and value creation in the energy sector.
While challenges exist in operational optimization and capital deployment, Civitas' strategic strengths and opportunities for growth present a promising outlook for future performance and stakeholder value.
Transparent communication, strategic clarity, and a commitment to financial stability and sustainability are key pillars guiding Civitas Resources (CIVI) towards continued success and industry leadership.

Civitas Resources (CIVI) excels in Q1 2024 earnings call, focusing on operational efficiency and shareholder value

Civitas Resources (CIVI) reported strong Q1 2024 earnings with successful business integration and operational efficiency. The company remains committed to enhancing shareholder value through capital returns and maximizing free cash flow. Despite challenges in capital expenditures, Civitas Resources is well-positioned for growth.

Civitas Resources surpasses Q2 targets, focuses on shareholder value

Civitas Resources delivered strong Q2 performance, exceeding production targets and enhancing shareholder value. Operational strengths in key basins and efficient cost management were notable. Challenges lie in maintaining production levels and navigating market dynamics, while opportunities exist in optimizing capital allocation and leveraging operational efficiencies.

Civitas Resources reports robust Q3 earnings, eyes strategic growth in 2025

Civitas Resources' Q3 performance reflects strong financial results, operational improvements in key areas like Permian and DJ Basin, and a commitment to disciplined decision-making. The company's focus on shareholder returns, cost control, and strategic planning for 2025 positions it well for future growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Civitas Resources, Inc. is an independent exploration and production company, which focuses on the acquisition, development, and production of crude oil and associated liquids-rich natural gas primarily in the Denver-Julesburg Basin in Colorado and the Permian Basin in Texas and New Mexico. The company was founded in 1999 and is headquartered in Denver, CO.

APA Corporation

Black Stone Minerals LP

Chord Energy Corp

Canadian Natural Resources

Chevron

Devon Energy

Eni SpA Sponsored ADR

EOG Resources

Equinor

Diamondback Energy

Northern Oil and Gas

Permian Resources Corp

Repsol SA

Shell PLC

With oil near its one-year low and natural gas near its five-year low, oil and gas producers are on sale; with offering yields over 4%. Thirty-nine energy producers were evaluated by means of a multi-factor relative value matrix and ranked from most to least favorable. Based on this evaluation, EQNR, VRN, MGYOY, PCCYF, and CHRD appear to be the best prospects.

High Yield Oil And Gas Ranked By Relative Quality

Civitas Resources, Inc. (NYSE:CIVI ) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants Brad Whitmarsh - Head, Investor Relations Chris Doyle - Chief Executive Officer Marianella Foschi - Chief Financial Officer Hodge Walker - Chief Operating Officer Conference Call Participants Neal Dingmann - Truist Securities Zach Parham - J.P. Morgan Scott Hanold - RBC Capital Markets Francis DiGiovanna - TD Cowen Leo Mariani - ROTH Tim Rezvan - KeyBanc Capital Markets Oliver Huang - TPH John Abbott - Wolfe Research Noel Parks - Tuohy Brothers Operator Good day and thank you for standing by.

Civitas Resources, Inc. (CIVI) Q3 2024 Earnings Call Transcript

Arch Capital

Arch Capital Group Ltd. Deposit Shs Repr 1/1000th 5.45 % Non-Cum Pfd Shs Series F

AMC Networks

Altus Power

Apogee Enterprises

ASOS PLC

Avantis Real Estate ETF

BHP Billiton

Bill.com

BWX Technologies

Chipotle

YieldMax COIN Option Income Strategy ETF

CorMedix

CoStar Group

CEL-SCI

Diageo

Federal Realty Investment Trust

First Solar

Genworth Financial

Hewlett Packard

In October, 42 new analysts joined Seeking Alpha, sharing diverse investment ideas and strategies, from biotech to real estate. Highlighted strong buy recommendations include MicroStrategy, CorMedix, Hewlett Packard Enterprise, Vertex Pharmaceuticals, and several others. Readers are encouraged to engage with the new analysts, share thoughts on their picks, and join the conversation.

Stock Picks From Seeking Alpha's October 2024 New Analysts

Civitas Resources (CIVI) came out with quarterly earnings of $1.99 per share, beating the Zacks Consensus Estimate of $1.86 per share. This compares to earnings of $1.56 per share a year ago.

Civitas Resources (CIVI) Surpasses Q3 Earnings Estimates

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced that its Board of Directors approved a quarterly dividend of $0.50 per share, payable on December 27, 2024 to shareholders of record as of December 13, 2024. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich natural gas from its premier assets in the DJ Basin in C.

Civitas Resources, Inc. Declares Quarterly Cash Dividend

DENVER--(BUSINESS WIRE)--Civitas issues third quarter 2024 earnings release.

Civitas Resources, Inc. Reports Third Quarter 2024 Results

Amplify Energy Corp.

California Resources

Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - United States industry, we advise focusing on shares of companies like CIVI, NOG, CRC and AMPY.

A Closer Look at the U.S. Upstream Oil & Gas Industry

Civitas (CIVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Civitas Resources (CIVI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Civitas Resources is undervalued but with strong growth potential, driven by strategic acquisitions in key U.S. oil basins and a solid dividend strategy. Despite elevated debt levels, Civitas maintains a robust interest coverage ratio and continues to prioritize shareholder returns through dividends and stock buybacks. The company's commitment to sustainability and advanced drilling techniques positions it well for long-term growth in the competitive oil & gas sector.

Civitas Resources: A Strategic Growth And Value Play Opportunity

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. Schedules Third Quarter 2024 Conference Call and Webcast.

Civitas Resources, Inc. Schedules Third Quarter 2024 Conference Call and Webcast

Civitas Resources was formed in 2021 through a combination of companies with bankruptcy in the past. The company is managed conservatively financially. Acquisitions were made with a mix of stock and debt to keep the debt ratio at acceptable levels.

Civitas Resources: Optimizing All The Acquisitions

Civitas Resources, Inc. CIVI is facing falling WTI crude prices heading into 2025. This Zacks Rank #5 (Strong Sell) may struggle to grow earnings if crude prices continue to decline.

Bear of the Day: Civitas Resources (CIVI)

Berry Petroleum Corp.

Chicago Rivet & Machine

Mach Natural Resources LP

TXO Energy Partners LP

.24/7 Wall St. Insights After a solid start to 2024, the energy sector is up less than 4%.

Grab These 5 Ultra-High-Yield Dividend Oil Stocks Before the Mideast Explodes

Civitas Resources, Inc. is a strong buy due to its aggressive M&A strategy, attractive valuation multiples, and substantial free cash yield. The company is leveraging its DJ and Permian Basin assets, focusing on cost reduction and production efficiency, with significant shareholder returns. Civitas Resources' hedging strategy ensures cash flow stability amidst commodity price fluctuations, aiding in rapid debt reduction and potential share buybacks.

Civitas Resources Stock: Substantial Upside Potential

Energy Transfer LP Unit

USA Compression Partners

24/7 Wall St. Insights After languishing for much of the summer, oil prices look to head higher.

Oil Could Explode Higher: Buy These 4 Ultra-Yield Dividend Energy Stocks Now

Pfizer

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Pfizer and IBM.

Top Wall Street analysts are bullish on these dividend stocks

DENVER--(BUSINESS WIRE)--Civitas Resources Issues 2024 Corporate Sustainability Report.

Civitas Resources Publishes 2024 Corporate Sustainability Report

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced that it has received approval by Colorado's Energy and Carbon Management Commission of the Lowry Ranch Comprehensive Area Plan (“CAP”) within the Watkins area of the DJ Basin. Hodge Walker, Chief Operating Officer, commented in response, “This CAP approval is the result of thorough work by the Civitas team and extensive stakeholder engagement to ensure the safe development of Colorado's i.

Civitas Comments on Lowry Ranch CAP Approval

Civitas Resources (CIVI) came out with quarterly earnings of $2.06 per share, missing the Zacks Consensus Estimate of $2.93 per share. This compares to earnings of $1.72 per share a year ago.

Civitas Resources (CIVI) Misses Q2 Earnings and Revenue Estimates

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today reported its second quarter 2024 financial and operating results. A webcast and conference call is planned for 9 a.m. MT (11 a.m. ET) on Friday, August 2, 2024. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com. Key Second Quarter 2024 Results   Three Months Ended June 30, 2024   Six Months Ended June 30.

Civitas Resources Reports Second Quarter 2024 Results

Civitas is an exploration and production company with expertise in the acquisition as well as the production of crude oil and gas. I think that the company's growth in cash, PP&E, assets, and equity over the last decade indicates proven expertise. Competitors trade more expensively than CIVI, with analysts reporting a strong buy rating and a target price of $94, suggesting significant upside potential.

Civitas Resources: M&A Driven Growth, And Very Undervalued

Gaming and Leisure Properties

Highwoods Properties

Ryman Hospitality Properties

24/7 Insights Quality dividend stocks could outperform over the next year.

Top Wall Street Bank Loves 5 High-Yield Dividend Stocks for Second Half of 2024

Bitfarms Ltd

Core Scientific Inc

Coterra Energy

Kohl's

Ovintiv

Riot Blockchain

These companies could be potential targets or buyers in the second half of 2024.

Crypto, Retail, and Oil Are Hot for Deals. Check These Stocks.

Enterprise Products Partners

To me, it's a foreign concept that some investors steer clear of dividend stocks. Sure, they don't exactly have a reputation for being chart-toppers.

High-Yield Rocket Ships: 3 Stocks Combining 7%+ Dividends With 20%+ Upside

DENVER--(BUSINESS WIRE)--Civitas schedules second quarter 2024 conference call and webcast for August 2nd.

Civitas Resources, Inc. Schedules Second Quarter 2024 Conference Call and Webcast

News for Civitas Resources Stock (CIVI)