Recap: Civitas Resources Q4 Earnings

Civitas Resources 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.

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.

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.

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