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

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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.

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) Q1 Earnings Expected to Decline

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced plans to release its first quarter 2023 operating and financial results after market close on Wednesday, May 3, 2023. A conference call to discuss these results is planned for 8 a.m. MDT (10 a.m. EDT), Thursday, May 4. 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.

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

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DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”) today announced that Hodge Walker has been appointed Chief Operating Officer, effective April 5, 2023. He will replace Matt Owens who has left the company. Chris Doyle, President and CEO, said, “On behalf of the Board of Directors and the Company, I am pleased to welcome Hodge to Civitas.

Civitas Resources, Inc. Appoints Hodge Walker Chief Operating Officer

Civitas (CIVI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Civitas (CIVI) Soars 6.3%: Is Further Upside Left in the Stock?

Is Civitas Resources (CIVI) a great pick from the value investor's perspective right now? Read on to know more.

Is Civitas Resources (CIVI) a Suitable Stock for Value Investors?

Civitas Resources, Inc. (NYSE:CIVI ) Q4 2022 Earnings Conference Call February 23, 2023 10:00 AM ET Company Participants John Wren - Director, Investor Relations Chris Doyle - Chief Executive Officer Marianella Foschi - Chief Financial Officer Matt Owens - Chief Operating Officer Brian Cain - Chief Sustainability Officer Conference Call Participants Neal Dingmann - Truist Securities Tim Rezvan - KeyBanc Phillips Johnston - Capital One Noel Parks - Tuohy Brothers Nicholas Pope - Seaport Research Bill Dezellem - Tieton Capital Operator Good morning. My name is Chris and I will be your conference operator today.

Civitas Resources, Inc. (CIVI) Q4 2022 Earnings Call Transcript

Civitas reported an in-line 4Q22 report with stronger-than-expected volumes and free cash flow. The company boosted their variable dividend and added a large share repurchase program.

Civitas Resources Reports Solid Q4 Results; Reduces Activity, And Boosts The Capital Return Program

Civitas (CIVI) delivered earnings and revenue surprises of -0.80% and 6.91%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Civitas Resources (CIVI) Misses Q4 Earnings Estimates

DENVER--(BUSINESS WIRE)--Civitas Resources Announces Fourth Quarter and Full-Year 2022 Results. Announces $1 Billion Share Repurchase Authorization.

Civitas Resources Announces Fourth Quarter and Full-Year 2022 Results

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc.

Civitas Resources, Inc. Announces Changes to Board of Directors

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Civitas repurchased 4.92 million shares for approximately $300 million at $61 per share. This will boost Civitas's variable dividend at any given level of free cash flow.

Civitas Resources: Capable Of Generating Strong FCF In 2023 Despite Weaker Natural Gas Prices

DENVER--( BUSINESS WIRE )--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced that it is scheduled to release its fourth quarter 2022 operating and financial results after market close on February 22, 2023. The Company will host a conference call to discuss these results the following morning, Thursday, February 23, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time). A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civiresources.com. Dial-in information for the conference call is included below.

Civitas Resources, Inc. Announces Fourth Quarter 2022 Earnings Release Date and Conference Call

DENVER , Feb. 6, 2023 /PRNewswire/ -- Civitas Resources, Inc. (NYSE:CIVI) ("Civitas"), Colorado's largest pure-play oil and gas producer, has adopted Iconic Air's Emissions Intelligence TM platform to support its operational emission reductions and ESG performance reporting as part of the company's near-real-time emissions management initiative. Civitas has chosen Iconic Air's technology solution to be part of its ongoing commitment to be a leading scope 1 and scope 2 carbon-neutral oil and gas producer through an intensive, continued focus on accurately measuring and reducing operational emissions coupled with a multi-year investment in certified voluntary carbon offsets.

Civitas Resources Selects Iconic Air as System of Intelligence for Emissions Reporting

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DENVER--( BUSINESS WIRE )--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today reported that it has agreed to repurchase approximately 4.9 million shares of its common stock, par value $0.01 per share (the “Common Stock”) at a price per share of $61.00, resulting in aggregate consideration of approximately $300 million (the “Repurchase”) from its largest shareholder, Canada Pension Plan Investment Board (“CPP Investments”).

Civitas Resources, Inc. Repurchases $300 Million of its Common Stock

Civitas Resources, Inc. has been in existence about 5 years or so. The companies that combined to make Civitas Resources had a fair number of bankruptcies between them.

Civitas Resources: Colorado Or Bust

DENVER--(BUSINESS WIRE)--The Colorado Oil and Gas Conservation Commission (COGCC) today approved Civitas Resources, Inc.'s (NYSE: CIVI) Box Elder Comprehensive Area Plan (CAP), making it Colorado's first CAP approved with preliminary siting.

COGCC Commissioners Unanimously Approve Box Elder Comprehensive Area Plan

Civitas Resources, Inc. (NYSE:CIVI ) Q3 2022 Earnings Conference Call November 1, 2022 10:00 AM ET Company Participants John Wren - IR Chris Doyle - President and CEO Marianella Foschi - CFO Matt Owens - COO Brian Cain - Chief Sustainability Officer Conference Call Participants Neal Dingmann - Truist Securities Leo Mariani - MKM Partners Nicholas Pope - Seaport Research Phillip Johnston - Capital One Noel Parks - Tuohy Brothers Bill Dezellem - Tieton Capital Operator Good morning. My name is Julianne and I will be your conference operator today.

Civitas Resources, Inc. (CIVI) Q3 2022 Results - Earnings Call Transcript

Bonanza Creek (CIVI) delivered earnings and revenue surprises of -2.20% and 14.81%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Civitas Resources (CIVI) Q3 Earnings Miss Estimates

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today announced its third quarter 2022 financial and operating results.

Civitas Resources Announces Third Quarter 2022 Results

While higher commodity prices and strong production are likely to have boosted Civitas Resources' (CIVI) profit levels in the third quarter, escalation in costs might have played spoilsport.

Will Higher Energy Prices Aid Civitas (CIVI) in Q3 Earnings?

Civitas is projected to generate nearly $1 billion in positive cash flow in 2023 at current strip despite becoming a cash income tax payer. This would result in $6.69 per share in dividends based on 2023 results with its current (50%) variable dividend payout policy.

Civitas Resources May Offer A 10+% Yield In 2023

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced that it is scheduled to release its third quarter 2022 operating and financial results after market close on October 31, 2022. The Company will host a conference call to discuss these results the following morning, Tuesday, November 1, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time). A live webcast and replay of this event will be available on the Investor Relations section of the Co

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