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.

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Months ago, I first queried YCharts for U.S. dividend stocks yielding greater than 5% annually and solely pegged “attractive” in Y-ratings (ranging from “not-rated” to “avoid,” “neutral,” or “attractive”). My recent query produced this list of July Divvy Nifty-60 stocks; of which, 58 measure-up to the dogcatcher ideal of promising dividend payouts, from $1k invested, greater than their single-share prices. How're they doin' now? The top-ten of 60 divvy 58 for July ranged 12.08% to 29.96% in annual-yield and ranged 27.39% to 43.48% in one-year price-target-upsides per brokers as-of 6/30/23.

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With the expectation for the energy business remaining favorable, stocks that show potential for the second half of 2023 are Cheniere Energy (CQP), Transportadora (TGS) and Civitas (CIVI).

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Equitrans, EQT, Range Resources, Civitas, and PDC Energy are all bucking the slump in oil and gas stocks this year.

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Civitas Resources, Inc. is a major $5 billion Permian Basin player that just made another acquisition to almost double its size. The company's relentless focus on efficiencies is enormous, the company has strong free cash flow at current prices. We expect the company to integrate the acquisition well, enabling future growth, and increased dividends or share repurchases.

Civitas Resources Just Became A Major Permian Player

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U.S. stocks closed lower on Friday, with the S&P 500 index snapping its five-week winning rally.

This Analyst With 85% Accuracy Rate Sees Around 74% Upside In Vista Outdoor - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts - KB Home (NYSE:KBH), Civitas Resources (NYSE:CIVI)

Here is how Civitas Resources (CIVI) and YPF Sociedad Anonima (YPF) have performed compared to their sector so far this year.

Is Civitas Resources (CIVI) Stock Outpacing Its Oils-Energy Peers This Year?

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (the “Company”) (NYSE: CIVI) today announced that it has priced 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”) of $1,350 million in aggregate principal amount of new 8.375% senior notes due 2028 (the “2028 Notes”) and $1,350 million in aggregate principal amount of new 8.750% senior notes due 2031 (the “2031 Notes” and, together with the.

Civitas Resources, Inc. Announces Pricing of $1,350 Million of New Senior Notes Due 2028 and $1,350 Million of New Senior Notes Due 2031

Vital Energy Inc

Civitas Resources acquires Midland Basin and Delaware Basin assets from Hibernia Energy III and Tap Rock Resources for a total of $4.7B. The deal implies a valuation of $47,000/boe/d, higher than recent transactions in the Permian basin. The transaction's valuation suggests over 260% upside for Vital Energy, indicating a trend of rising valuations for oil and gas acquisitions.

Civitas' Acquisition Of Permian Assets At A Premium Has Important Read Through For Vital Energy

With a pair of acquisitions totaling $4.7 billion, Denver-based Civitas Resources achieved an entry into the prolific Permian Basin.

Civitas Enters Permian Basin With A Pair Of Acquisitions

Civitas Resources is entering the Permian Basin. The deal will boost its free cash flow, giving it more money to pay dividends.

This Oil Dividend Stock's $4.7 Billion Deal Takes It in the Opposition Direction as Chevron

Civitas Resources acquires Hibernia Energy III and part of Tap Rock Resources for $4.7 billion in cash, debt, and stock. The acquisition adds 68,000 net acres in West Texas and New Mexico, with a combined current production of 100 MBOEpd. The deal values the assets at a reasonable $14 per 1P BOE and $47,000 per flowing BOE, in line with recent deals and market views.

Civitas Leaps Into The Permian Basin With $4.7 Billion Double Splash

Civitas Resources Inc is in talks with private equity firm NGP Energy to acquire oil and gas operations in the Permian Basin in the southwestern US for close to $5 billion, Reuters has reported, citing unnamed sources.   The deal would extend Civitas' operations beyond the Denver-Julesburg basin in Colorado into the heart of the US shale industry in Texas and New Mexico.

Civitas Resources deal to acquire Permian Basin assets may be imminent: report

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (the “Company”) (NYSE: CIVI) today announced that, subject to market conditions, it intends to offer $1,350 million in aggregate principal amount of senior unsecured notes due 2028 (the “2028 Notes”) and $1,350 million in aggregate principal amount of senior unsecured notes due 2031 (the “2031 Notes” and, together with the 2028 Notes, the “Notes”) in a private placement (the “Offering”) to eligible purchasers under Rule 144A and Regulation S of t.

Civitas Resources, Inc. Announces Offering of $1,350 Million of New Senior Notes Due 2028 and $1,350 Million of New Senior Notes Due 2031

Civitas Resources said on Tuesday it would acquire oil and gas operations in the Permian Basin from private equity firm NGP Energy Capital Management for $4.7 billion, expanding its operations into the lucrative shale patch.

Civitas Resources to buy Permian assets from NGP Energy for $4.7 bln

DENVER--(BUSINESS WIRE)--Civitas Resources (NYSE: CIVI) (“CIVI” or the “Company”) today announced the signing of two definitive agreements to acquire oil producing assets in the Midland and Delaware Basins of west Texas and New Mexico. The agreements were signed with affiliates of Hibernia Energy III, LLC (“Hibernia”) and Tap Rock Resources, LLC (“Tap Rock”), which are respective portfolio companies of funds managed by NGP Energy Capital Management, L.L.C. (“NGP”), for total consideration of ap.

Civitas Resources to Enter Permian Basin through Transformative Transactions

Civitas Resources Inc is nearing a deal to acquire oil and gas operations in the Permian basin from private equity firm NGP Energy Capital Management LLC for close to $5 billion, including debt, people familiar with the matter said on Monday.

Exclusive: Civitas Resources nears $5 bln deal to expand into Permian-sources

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Months ago, I first queried YCharts for U.S. dividend stocks yielding greater than 5% annually and solely pegged “attractive” in Y-ratings (ranging from “not-rated” to “avoid”, “neutral”, or “attractive”). My recent query revealed June's divvy nifty 53 stocks; of which, 50 measure up to the dogcatcher-ideal of promising dividend payouts, from $1k invested, greater-than their single-share prices. How're they doin' now? The top ten ranged 12.08% to 43.78% in annual yield and ranged 37.59% to 53.11% in one-year price-target-upsides per brokers as of 6/1/23.

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For 1Q23 Civitas cranked out another strong, "routine" quarter. Former regulatory headwinds have become tailwinds but valuation remains low for the strong capital efficiency, fortress balance sheet, and unparalleled shareholder return program.

Civitas Resources: Predictable Performance And Low Valuation Make It A Target

Civitas Resources, Inc. (NYSE:CIVI ) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants John Wren - Director and Head of Finance, Planning and IR Chris Doyle - CEO Marianella Foschi - CFO Brian Cain - Chief Sustainability Officer Conference Call Participants Neal Dingmann - Truist Securities Phillips Johnston - Capital One Securities Leo Mariani - Roth MKM Bill Dezellem - Tieton Capital Operator Thank you for standing by. My name is Kamika and I'll be your conference operator today.

Civitas Resources, Inc. (CIVI) Q1 2023 Earnings Call Transcript

Civitas Resources (CIVI) came out with quarterly earnings of $2.25 per share, beating the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $2.51 per share a year ago.

Civitas Resources (CIVI) Beats Q1 Earnings Estimates

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today announced its first quarter 2023 financial and operating results. A conference call to discuss the results is planned for 8:00 a.m. MT (10:00 a.m. ET), May 4, 2023. Dial-in details can be found in this release. In addition, supplemental slides have been posted to the Company's website, www.civitasresources.com. First Quarter 2023 Highlights Average daily sales volumes of 159.4 thousand barrels of oi.

Civitas Resources Announces First Quarter 2023 Results

Civitas is projected to pay $7.45 per share in total 2023 dividends. Some of its 2023 dividend payments benefit from strong free cash flow in mid-2022.

Civitas Resources: Projected To Pay Over $7 Per Share In 2023 Dividends

Strong industry positioning and a commitment to getting ahead of potential regulations set the company up for success in the future. A stable revenue stream and great efficiency in their operations protect their cash flow from bumps in the road.

News for Civitas Resources Stock (CIVI)