Recap: Civitas Resources Q3 Earnings

Civitas Resources CIVI reported its Q3 earnings results on Tuesday, November 7, 2023 at 04:15 PM.

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

Earnings

Civitas Resources missed estimated earnings by 39.3%, reporting an EPS of $1.56 versus an estimate of $2.57.

Revenue was up $28.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04 which was followed by a 1.01% drop in the share price the next day.

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

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate 1.68 2.13 2.63 3.55
EPS Actual 1.72 2.46 2.49 3.56
Revenue Estimate 640.84M 648.80M 746.18M 865.14M
Revenue Actual 660.53M 656.02M 814.27M 1.01B

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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