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Civitas Resources (CIVI)
NYSE:CIVI
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.22Last Year’s EPS
2.06Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 15.02%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with notable efforts to optimize costs and maintain a strong financial position through hedging and strategic planning. However, production challenges and increased operating costs were significant concerns. The company's strategy to focus on cost efficiency and growth in the Permian Basin is encouraging, yet market volatility and operational hurdles in the DJ Basin and Permian posed challenges.Company Guidance
In the first quarter 2025 earnings call for Civitas Resources, the company provided key guidance and metrics related to its financial and operational strategy amid a volatile market environment. Civitas announced a reduction of $150 million in capital expenditures compared to 2024, focusing on capital discipline and lower reinvestment rates. The company aims to generate an additional $100 million in annual free cash flow through a comprehensive cost optimization and efficiency plan, with $15 million anticipated from a new oil gathering agreement in the DJ Basin. Civitas is also targeting a year-end 2025 net debt of $4.5 billion, supported by a nearly 50% hedge on crude oil and planned investment proceeds of $300 million. Despite slightly lower production and higher operating costs in Q1, Civitas expects a 5% production growth in Q2, primarily from the Permian Basin, while maintaining confidence in its full-year guidance. The company remains focused on debt reduction, cost management, and shareholder returns, with an unchanged base dividend and a completed 10b5 repurchase program amounting to nearly 2% of shares outstanding.Cost Optimization and Efficiency Plan
Civitas announced a comprehensive cost optimization and efficiency plan to generate an incremental $100 million of annual free cash flow, with 40% of this benefiting the second half of 2025.
Strong Hedge Position
The company significantly expanded its hedge position, now nearly 50% hedged on crude oil for the remainder of the year, with a hedge value of nearly $200 million.
Leadership Addition
Clay Carrell was introduced as the new President and Chief Operating Officer, bringing deep operating experience and proven leadership to Civitas.
Permian Basin Growth
Civitas expects oil production to grow by 5% in the second quarter, led by growth in the Permian Basin.
Share Repurchase Program
The company completed its existing 10b5 repurchase program, buying back nearly 2% of its shares outstanding.
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CIVI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CIVI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $27.03 | $27.37 | +1.26% |
Feb 24, 2025 | $48.54 | $39.73 | -18.15% |
Nov 07, 2024 | $52.04 | $52.14 | +0.19% |
Aug 01, 2024 | $63.57 | $57.29 | -9.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Civitas Resources (CIVI) report earnings?
Civitas Resources (CIVI) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Civitas Resources (CIVI) earnings time?
Civitas Resources (CIVI) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CIVI EPS forecast?
CIVI EPS forecast for the fiscal quarter 2025 (Q2) is 1.22.
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