Civitas Resources reports Q1 adjusted EPS $1.77, consensus $1.65

Reports Q1 revenue $1.19B, consensus $1.2B. CEO Chris Doyle commented, “Our high-quality, low-breakeven assets continue to position us well in the current environment, following our disciplined start to the year with a plan that prioritizes free cash flow generation and strengthens the balance sheet. We continue to take important steps to further enhance free cash flow and improve our performance, including launching a $100 million cost optimization and efficiency improvement plan across all aspects of the business. We are reiterating our full year 2025 outlook; however, we are positioned to adjust activity levels lower should market conditions deteriorate further.”