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CIVI

Civitas Resources, Inc.

CIVI

Civitas Resources, Inc. • NYSE
$29.37 ▲ 3.23% (+0.92)
Market Cap $2.73 B
52w High $55.35
52w Low $22.79
Dividend Yield 2.00%
P/E 4.26
Volume 649.52K
Outstanding Shares 92.94M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.168B ▲ $50M ▼ $177M ▲ 15.154% ▲ $1.99 ▲ $851M ▲
Q2-2025 $1.054B ▼ $55M ▼ $124M ▼ 11.765% ▼ $1.34 ▼ $772M ▼
Q1-2025 $1.192B ▼ $62M ▼ $186M ▲ 15.604% ▲ $1.99 ▲ $795M ▼
Q4-2024 $1.292B ▲ $436.269M ▲ $151.11M ▼ 11.698% ▼ $1.57 ▼ $841.414M ▼
Q3-2024 $1.271B $59.034M $295.803M 23.266% $3.02 $1.016B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $56M ▼ $15.111B ▼ $8.426B ▼ $6.685B ▼
Q2-2025 $69M ▲ $15.403B ▲ $8.609B ▼ $6.794B ▲
Q1-2025 $20M ▼ $15.33B ▲ $8.625B ▲ $6.705B ▲
Q4-2024 $75.826M ▲ $14.944B ▼ $8.315B ▼ $6.629B ▼
Q3-2024 $47.075M $15.008B $8.339B $6.668B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $177M ▲ $860M ▲ $-324M ▲ $-549M ▼ $-13M ▼ $355M ▲
Q2-2025 $124M ▼ $298M ▼ $-489M ▲ $240M ▼ $49M ▲ $-191M ▼
Q1-2025 $186M ▲ $719M ▼ $-1.245B ▼ $470M ▲ $-56M ▼ $227M ▼
Q4-2024 $151.11M ▼ $858.07M ▲ $-271.697M ▲ $-557.622M ▼ $28.751M ▲ $542.655M ▲
Q3-2024 $295.803M $835.038M $-597.701M $-282.25M $-44.913M $283.268M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Crude Oil
Crude Oil
 $1.05Bn ▲$900.00M ▼$870.00M ▼$950.00M ▲
Natural Gas
Natural Gas
 $60.00M ▲$130.00M ▲$50.00M ▼$70.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Civitas has grown from a small producer into a sizable player in just a few years. Revenue has climbed sharply since 2020 as production and scale have increased. Profitability is solid: operating margins and cash earnings have generally been strong, showing that the assets are productive and costs are under control. That said, peak earnings per share appear to be behind them for now, even though sales are higher. This likely reflects a mix of acquisition-related effects, higher costs, and possibly more shares outstanding. Overall, the business is clearly profitable and cash-generative, but earnings are volatile and tied to commodity prices, as is typical for oil and gas producers.

Balance Sheet

Balance Sheet The balance sheet has expanded significantly as Civitas has grown through deals and development. Total assets and shareholders’ equity have risen steadily, suggesting the company has been building a larger and more established asset base over time. Debt has also increased meaningfully, shifting the profile from almost debt-free to moderately leveraged. Equity has grown along with it, so the capital structure still looks balanced rather than stretched, but the company is no longer in a “net cash” comfort zone. Cash on hand has recently stepped down, which means Civitas is leaning more on its underlying cash generation and credit capacity to fund activity. The story is now about managing leverage prudently rather than operating with an ultra-clean balance sheet.

Cash Flow

Cash Flow Civitas generates healthy cash flow from operations, comfortably covering its investment spending and leaving room for free cash flow. Even as capital spending has ramped up to develop its acreage and integrate new assets, the company has consistently produced surplus cash after capital expenditures. This pattern points to a self-funding model: operations pay for growth projects, with additional excess available for debt reduction or shareholder returns when management chooses. The main watch point is that sustaining these strong cash flows depends heavily on oil and gas prices and on maintaining cost discipline as the asset base grows.

Competitive Edge

Competitive Edge Civitas positions itself as a low-cost, scale player in two highly attractive U.S. basins: the Denver-Julesburg and the Permian. Concentration in these prolific areas, combined with existing infrastructure and a deep inventory of drilling locations, supports competitive operating costs and efficient development. What stands out versus many peers is its ESG profile. Civitas has made an effort to be an early leader in carbon-neutral operations in Colorado and to adopt community-friendly practices. In a sector under regulatory and social pressure, that positioning can help with access to permits, capital, and stakeholder support. The key risks are the usual ones for the industry: dependence on volatile commodity prices, regulatory uncertainty (especially in Colorado), and the challenge of integrating acquisitions smoothly while keeping costs low.

Innovation and R&D

Innovation and R&D Innovation at Civitas is focused on field efficiency and emissions reduction rather than on new products. The company is using AI tools to optimize drilling and completions, shorten cycle times, and lower costs. It also relies on advanced drilling techniques, longer laterals, and improved completion designs to get more output from each well. On the environmental side, Civitas is investing in technologies to capture emissions, recycle water, and reduce operational noise. Its push toward carbon-neutral operations, along with quiet fleets and closed-loop systems, signals a strategy of using technology to differentiate on sustainability. Future innovation watch points include extending carbon-neutral practices to the Permian, exploring more advanced emissions technologies, and continuing to wring more efficiency out of each dollar of capital spent.

Summary

Civitas has transformed itself from a small player into a sizable, profitable oil and gas producer with strong cash generation and a growing asset base. Financial performance shows robust margins and solid free cash flow, but also the normal earnings swings that come with exposure to commodity prices. The balance sheet has matured, with more debt than in the past but also much larger and higher-quality assets. The company appears to be in a phase where disciplined capital allocation and leverage management matter more than sheer growth. Strategically, Civitas is trying to combine low-cost operations in top-tier basins with a visible commitment to ESG leadership. That mix could be a differentiator in a sector facing environmental and regulatory scrutiny, though it also raises the bar for consistent execution. Key uncertainties include future price cycles, regulatory developments in its core regions, and the ability to maintain cost advantages as the business grows and diversifies. Overall, Civitas looks like a scaled, efficiency-focused producer that is leaning into sustainability themes, with strong cash fundamentals but the usual risks and cyclicality inherent in upstream energy.

NEWS

November 17, 2025 · 4:15 PM UTC

SM ENERGY ANNOUNCES ADDITIONAL DETAILS ON PLANNED MERGER WITH CIVITAS AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCES

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November 6, 2025 · 4:15 PM UTC

Civitas Resources Reports Strong Third Quarter 2025 Financial and Operating Results

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November 4, 2025 · 6:00 PM UTC

$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Civitas Resources, Inc. (NYSE: CIVI)

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November 3, 2025 · 7:36 PM UTC

Civitas Resources Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Civitas Resources, Inc. - CIVI

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November 3, 2025 · 1:32 PM UTC

CIVI Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Sale of Civitas Resources to SM Energy

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