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.

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.

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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