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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Civitas Resources came out with adjusted quarterly earnings of $4.63 per share in 2Q22, compared to $1.19 a year ago. Production for 2Q22 was 175.223K Boep/d, up 10.2% sequentially and up significantly from 42.323K Boep/d the same quarter a year ago.

Civitas Resources: A Colorado Producer On Dividend Steroids

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Civitas dividend yield is projected to be 12% for this year, with an Estimated Fair Value of $108 per CIVI share. Accretive acquisitions, all while keeping Debt/EBITDA below 0.5x for E2022.

Civitas: A Pure Play With High Cash-Flow Makes A Strong Buy Case

Civitas Resources, Inc. (NYSE:CIVI ) Q2 2022 Earnings Conference Call August 4, 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 Noel Parks - Tuohy Brothers Michael Scialla - Stifel Bill Dezellem - Tieton Capital Operator Good morning. My name is Julianne, and I'll be your conference operator today.

Civitas Resources, Inc. (CIVI) CEO Chris Doyle on Q2 2022 Results - Earnings Call Transcript

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Civitas Resources (CIVI) Beats Q2 Earnings and Revenue Estimates

DENVER--(BUSINESS WIRE)--Civitas announces second quarter 2022 financial results and declares dividend to be paid in September.

Civitas Resources Announces Second Quarter 2022 Results; Declares Fixed-plus-Variable Dividend to be Paid in September

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), a Colorado energy leader and the state's first carbon neutral oil & gas producer, today announced that Brad Johnson and Brian Kuck are joining the Company's leadership team and that Dean Tinsley, Senior Vice President, Operations, will be stepping down. Leadership Team Changes Effective August 8, 2022, Clinton (“Brad”) Johnson will join the Civitas leadership team as Senior Vice President, Asset Deve

Civitas Announces Leadership Team Changes

DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced that it is scheduled to release its second quarter 2022 operating and financial results after market close on August 3, 2022. The Company will host a conference call to discuss these results the following morning, Thursday, August 4, 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 Comp

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

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DENVER--(BUSINESS WIRE)--Civitas Resources announces appointment of new Chief Legal Officer

Civitas Resources Announces Appointment of New Chief Legal Officer

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Dividend yield is projected to be 8.7% for this year, with an estimated fair value of $108 per share. Accretive acquisitions, all while keeping Debt/EBITDA below 1.6x for E2022.

News for Civitas Resources Stock (CIVI)