Reports Q3 revenue $1.17B, consensus $1.18B. Oil and total production were up six percent from the second quarter to more than 158 thousand barrels of oil per day (“MBbl/d”) and 336 thousand barrels of oil equivalent per day (“MBoe/d”), and cash operating expenses(2) were lower by five percent to $9.67 per barrel of oil equivalent (“BOE”).
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Read More on CIVI:
- Civitas Resources, Inc. (CIVI) Q3 Earnings Cheat Sheet
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- Civitas Resources Merges with SM Energy
- Civitas Resources downgraded to Peer Perform from Outperform at Wolfe Research
- SM Energy price target lowered to $28 from $33 at Roth Capital
