Civitas Resources Inc reports results for the quarter ended June 30 - Earnings Summary

Civitas Resources

07/08/2025 04:09

Civitas Resources Inc CIVI.N reported quarterly adjusted earnings of 99 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.06.  The mean expectation of fifteen analysts for the quarter was for earnings of $1.07 per share. Wall Street expected results to range from 50 cents to $1.54 per share.

Revenue fell 19.5% to $1.06 billion from a year ago; analysts expected $1.11 billion.

Civitas Resources Inc's reported EPS for the quarter was $1.34​.

The company reported quarterly net income of $124 million.

Civitas Resources Inc shares had risen by 3.7% this quarter and lost 37.8% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 11.4% in the last three months.​

In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Civitas Resources Inc is $42.00, about 33.7% above its last closing price of $27.85

This summary was machine generated from LSEG data August 7 at 03:08 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Jun. 30 2025
1.07
0.99
Missed
Mar. 31 2025
1.64
1.77
Beat
Dec. 31 2024
1.98
1.78
Missed
Sep. 30 2024
1.99
1.99
Met