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Recap: Civitas Resources Q4 Earnings

Author: Benzinga Insights | February 27, 2024 05:20pm

Civitas Resources (NYSE:CIVI) reported its Q4 earnings results on Tuesday, February 27, 2024 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

Civitas Resources beat estimated earnings by 17.0%, reporting an EPS of $3.2 versus an estimate of $2.73.

Revenue was up $312.73 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $1.01 which was followed by a 6.0% drop in the share price the next day.

Here's a look at Civitas Resources's past performance:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 2.57 1.68 2.13 2.63
EPS Actual 1.56 1.72 2.46 2.49
Revenue Estimate 998.22M 640.84M 648.80M 746.18M
Revenue Actual 1.04B 660.53M 656.02M 814.27M

To track all earnings releases for Civitas Resources visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: CIVI

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