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.

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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.

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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.

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (the “Company”) (NYSE: CIVI) today announced that, subject to market conditions, it intends to offer $1,000 million in aggregate principal amount of senior unsecured notes due 2030 (the “Notes”) in a private placement (the “Offering”) to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”). The Company expects to use the net proceeds from the Offering, together with cash on hand and.

Civitas Resources, Inc. Announces Offering of $1,000 Million of New Senior Notes Due 2030

Civitas has made several Permian acquisitions that have significantly increased its size. Over half of its production will come from the Permian now. Civitas is projected to generate close to $1.5 billion in 2024 free cash flow at mid-$70s WTI oil.

Civitas Resources: More Than Half Its Production Now Comes From The Permian

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Civitas Resources (CIVI) concluded the recent trading session at $69.68, signifying a -1.79% move from its prior day's close.

Why Civitas Resources (CIVI) Dipped More Than Broader Market Today

Civitas Resources (NYSE:CIVI) has agreed to buy a $2.1 billion package of oil assets in Texas in a deal with Vencer Energy, a vehicle backed by top-tier commodities trader Vitol. The deal will add 44,000 net acres in the Midland Basin representing some 62,000 barrels oil equivalent per day (of which half is oil) and it is expected to lift Civitas' output from the Permian basin to around 170,000 boepd.

Civitas Resources buys $2.1bn package of Texas oil wells

HOUSTON--(BUSINESS WIRE)--Vitol has agreed to sell the assets of Vencer Energy to Civitas Resources for $2.15 billion, subject to customary terms, conditions, and closing price adjustments. Established in 2020, Vencer Energy acquired its foundational asset base comprised of 44,000 net acres in the Midland Basin in June 2021. Since then, production across its acreage has increased from approximately 40 mboepd to 60 mboepd. Ben Marshall, Head of Vitol Americas, said: “We are pleased to announce t.

Vitol Has Agreed to Sell the Assets of Vencer Energy to Civitas Resources

Civitas Resources Inc. CIVI, -0.32% said Wednesday it agreed to pay $2.1 billion to Vencer Energy, a business backed by Luxembourg-based investment holding company Vitol, for oil producing assets in the Midland Basin of west Texas. The deal is expected to close in January.

Civitas to pay $2B for Texas oil producing assets to Vitol-backed company

DENVER--(BUSINESS WIRE)--Civitas Resources (NYSE: CIVI) (“Civitas”) today signed an agreement with Vencer Energy (“Vencer”), a Vitol investment, to acquire oil producing assets in the Midland Basin of west Texas for a total consideration of approximately $2.1 billion, subject to customary terms, conditions, and closing price adjustments (the “Acquisition”). The Acquisition is expected to close in January 2024 with an effective date of January 1, 2024. Civitas plans to hold a conference call to.

Civitas Resources Adds Accretive Bolt-on in Permian Basin

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NEW YORK , Sept. 26, 2023 /PRNewswire/ -- S&P SmallCap 600 constituent Civitas Resources Inc. (NYSE: CIVI) will replace Syneos Health Inc. (NASD: SYNH) in the S&P MidCap 400, and Hayward Holdings Inc. (NYSE: HAYW) will replace Civitas Resources in the S&P SmallCap 600 effective prior to the opening of trading on Friday, September 29.

Civitas Resources Set to Join S&P MidCap 400; Hayward Holdings to Join S&P SmallCap 600

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DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”) today announced the appointment of Jeff Kelly as Chief Transformation Officer, effective August 3, 2023. Chris Doyle, President and CEO, said, “On behalf of the Board of Directors and the Company, I am excited to welcome Jeff to the Civitas team. He is a proven leader and brings experience across all aspects of our business. He will lead our transformation to a diversified business of scale and bring a di.

Civitas Resources Appoints Jeff Kelly to Leadership Team

Report Highlights Company's Progress on Ambitious Sustainability Commitments DENVER , Aug. 7, 2023 /PRNewswire/ -- Civitas Resources, Inc. (NYSE: CIVI) released its second Corporate Sustainability Report, which highlights the progress made in 2022 related to environmental, social, and governance factors, and details how Civitas continues to build on its already robust sustainability approach and practices. The new report can be found on the company's sustainability page: Sustainability: Protecting Colorado's Environment | Civitas Resources "Two years ago, we set ambitious goals for Civitas Resources around our future performance and priorities as an industry leader," said Civitas President and CEO M.

Civitas Resources Releases 2023 Corporate Sustainability Report

Civitas Resources, Inc (NYSE:CIVI ) Q2 2023 Earnings Conference Call August 3, 2023 10:00 AM ET Company Participants John Wren - Investor Relations Chris Doyle - Chief Executive Officer Marianella Foschi - Chief Financial Officer Hodge Walker - Chief Operating Officer Brian Cain - Chief Sustainability Officer Conference Call Participants Neal Dingmann - Truist Securities Phillips Johnston - Capital One Leo Mariani - ROTH MKM Nicholas Pope - Seaport Research Operator Good morning, ladies and gentlemen. Thank you for standing by.

Civitas Resources, Inc (CIVI) Q2 2023 Earnings Call Transcript

The headline numbers for Civitas (CIVI) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Civitas (CIVI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Civitas Resources (CIVI) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $4.63 per share a year ago.

Civitas Resources (CIVI) Q2 Earnings and Revenues Beat Estimates

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today announced its second quarter 2023 financial and operating results. In addition, the Company also announced the closing of its transformative acquisitions in the Permian Basin for aggregate consideration of approximately $4.7 billion. The deals diversify the Company's asset portfolio through scalable operations and a deep inventory of quality drilling locations in the top three oil basins in the U.S.

Civitas Resources Announces Second Quarter 2023 Results

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The Civitas Resources, Inc. diversification into the Permian should make Colorado issues less significant. This acreage may, to some extent, be on federal lands and require federal permits. The price paid would be structured using debt and stock so that the result is accretive to shareholders.

Civitas Resources: Essential Basin Diversification

Lower commodity prices are likely to have hurt Civitas Resources' (CIVI) Q2 bottom line. However, an impressive production profile might have aided the results somewhat.

Civitas (CIVI) Q2 Earnings Preview: What Investors Can Expect

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.

Earnings Preview: Civitas Resources (CIVI) Q2 Earnings Expected to Decline

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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Civitas Resources (CIVI) Right Now?

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced plans to release its second quarter 2023 operating and financial results after market close on Wednesday, August 2, 2023. A conference call to discuss these results is planned for 8 a.m. MDT (10 a.m. EDT), Thursday, August 3, 2023. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. Dial-in infor.

Civitas Resources, Inc. Schedules Second Quarter 2023 Earnings Release and Conference Call

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