Financials Civitas Resources, Inc.

Equities

CIVI

US17888H1032

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 04:00:02 2025-06-24 pm EDT			5-day change	1st Jan Change
29.71 ^USD	-2.91%		-9.83%	-35.23%

Jun. 23	SWS Upgrades Civitas Resources to Buy From Hold, Adjusts Price Target to $46 From $34	MT
Jun. 03	Civitas Resources, Inc. Announces Completion of $750 Million Senior Notes Offering to Repay Debt	CI

Projected Income Statement: Civitas Resources, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	218.1	930.6	3,791	3,479	5,207	4,663	4,633	4,816
Change	-	326.71%	307.41%	-8.23%	49.65%	-10.44%	-0.65%	3.95%
EBITDA ¹	169.4	405.7	2,348	2,369	3,652	1,911	3,043	3,217
Change	-	139.45%	478.67%	0.92%	54.13%	-47.67%	59.22%	5.74%
EBIT ¹	-11.14	322.1	1,984	1,139	1,479	1,150	1,085	1,137
Change	-	2,989.75%	516.04%	-42.57%	29.83%	-22.29%	-5.66%	4.8%
Interest Paid ¹	-2.045	-9.7	-32.2	-182.7	-456.3	-418.7	-390.4	-375.5
Earnings before Tax (EBT) ¹	42.98	251.8	1,654	999.5	1,083	782.7	851.4	604
Change	-	485.79%	556.84%	-39.57%	8.33%	-27.71%	8.79%	-29.06%
Net income ¹	103.5	178.9	1,248	784.3	838.7	594.3	555.7	594.6
Change	-	72.82%	597.56%	-37.16%	6.94%	-29.15%	-6.49%	7%
Announcement Date	2/17/21	3/8/22	2/22/23	2/27/24	2/24/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	36.19	58.86	62.64	74.16	156	190	510.5	817.8	1,151	1,008	814.3	656	660.5	1,036	1,127	1,329	1,313	1,272	1,293	1,194	1,101	1,172	1,190	1,167	1,130	1,194	1,225	1,231
Change	-	62.63%	6.42%	18.4%	110.41%	21.74%	168.71%	60.21%	40.79%	-12.46%	-19.22%	-19.43%	0.69%	56.83%	8.77%	17.97%	-1.24%	-3.1%	1.64%	-7.65%	-7.77%	6.39%	1.53%	-1.91%	-3.12%	5.63%	2.64%	0.45%
EBITDA ¹	36.2	41.49	48.45	43.71	88.13	116.5	157.1	471.8	739.2	631.5	505.1	443.4	454.3	708.9	762.5	928.2	918.1	910.1	895.2	786	733.6	803.5	809.9	778.8	739.1	777	797.9	778.9
Change	-	14.6%	16.79%	-9.78%	101.63%	32.2%	34.87%	200.28%	56.67%	-14.58%	-20.02%	-12.2%	2.45%	56.05%	7.56%	21.73%	-1.09%	-0.87%	-1.63%	-12.2%	-6.67%	9.53%	0.79%	-3.84%	-5.1%	5.13%	2.7%	-2.39%
EBIT ¹	-11.26	19.03	1.061	31.39	41.41	93.87	163.3	402	697.7	528.4	355.9	241.1	179.4	379.2	339.8	426.8	386.9	346.6	319.1	315	235.3	287.3	297	283.5	235.5	279.1	302.9	289.1
Change	-	269.07%	-94.42%	2,858.15%	31.94%	126.67%	73.97%	146.16%	73.58%	-24.26%	-32.66%	-32.26%	-25.56%	111.32%	-10.4%	25.62%	-9.36%	-10.41%	-7.94%	-1.28%	-25.29%	22.09%	3.37%	-4.55%	-16.94%	18.52%	8.53%	-4.55%
Charge d'intérêts ¹	-0.984	-0.356	-0.488	-0.419	-3.241	-3.025	-3.015	-9.066	-8.116	-7.468	-7.549	-7.449	-8.753	-76.47	-90.07	-109.8	-114.9	-117.8	-113.9	-107	-107.5	-105.7	-102.2	-97.68	-96.73	-95.9	-94.78	-92
Earnings before Tax (EBT) ¹	-38.9	7.94	-4.608	-0.163	-35.71	56.26	231.2	115	621.3	542.1	375.4	267.6	183.6	169.4	378.9	210.8	283	389.1	199.8	247	123.5	194.5	212.3	194	138.7	203.5	216.8	-
Change	-	120.41%	-158.04%	96.46%	-21,808.59%	257.53%	310.97%	-50.26%	440.25%	-12.75%	-30.75%	-28.73%	-31.36%	-7.78%	123.72%	-44.35%	34.22%	37.5%	-48.66%	23.65%	-50%	57.47%	9.15%	-8.63%	-28.49%	46.72%	6.56%	-
Net income ¹	-38.9	3.251	60.63	-0.119	-25.32	40.66	163.7	91.64	468.8	405.8	281.9	202.5	139.3	139.7	302.9	175.8	216	295.8	151.1	186	107.7	148.4	152.1	139	96.9	149.6	168	-
Change	-	108.36%	1,764.9%	-100.2%	-21,176.47%	260.59%	302.62%	-44.02%	411.6%	-13.45%	-30.53%	-28.17%	-31.2%	0.28%	116.84%	-41.95%	22.85%	36.95%	-48.92%	23.09%	-42.08%	37.74%	2.49%	-8.63%	-30.27%	54.35%	12.32%	-
Announcement Date	8/6/20	11/5/20	2/17/21	5/3/21	8/9/21	10/29/21	3/8/22	5/4/22	8/3/22	10/31/22	2/22/23	5/3/23	8/2/23	11/7/23	2/27/24	5/2/24	8/1/24	11/7/24	2/24/25	5/7/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Civitas Resources, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-24.7	237	-375	3,661	4,418	4,654	4,136	3,794
Change	-	1,059.51%	-258.23%	1,076.27%	20.68%	5.35%	-11.13%	-8.27%
Announcement Date	2/17/21	3/8/22	2/22/23	2/27/24	2/24/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Civitas Resources, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	63.8	152.8	967.1	1,352	1,972	1,835	1,847	1,826
Change	-	139.42%	533.12%	39.84%	45.81%	-6.93%	0.65%	-1.13%
Free Cash Flow (FCF) ¹	112	183.4	1,510	886.4	893.4	817.5	760	808
Change	-	63.81%	723.21%	-41.3%	0.79%	-8.49%	-7.04%	6.32%
Announcement Date	2/17/21	3/8/22	2/22/23	2/27/24	2/24/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Civitas Resources, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	77.69%	43.59%	61.92%	68.1%	70.13%	40.98%	65.68%	66.81%
EBIT Margin (%)	-5.11%	34.61%	52.33%	32.75%	28.41%	24.65%	23.41%	23.6%
EBT Margin (%)	19.71%	27.06%	43.62%	28.73%	20.79%	16.78%	18.38%	12.54%
Net margin (%)	47.47%	19.23%	32.92%	22.54%	16.11%	12.74%	12%	12.35%
FCF margin (%)	51.34%	19.71%	39.83%	25.48%	17.16%	17.53%	16.4%	16.78%
FCF / Net Income (%)	108.15%	102.52%	120.98%	113.02%	106.51%	137.57%	136.76%	135.88%
Profitability
ROA	-	-	-	-	5.8%	3.7%	2.8%	2.99%
ROE	-	-	-	-	13.15%	7.21%	5.19%	7.44%
Financial Health
Leverage (Debt/EBITDA)	-	0.58x	-	1.55x	1.21x	2.44x	1.36x	1.18x
Debt / Free cash flow	-	1.29x	-	4.13x	4.95x	5.69x	5.44x	4.69x
Capital Intensity
CAPEX / Current Assets (%)	29.25%	16.41%	25.51%	38.87%	37.87%	39.36%	39.87%	37.92%
CAPEX / EBITDA (%)	37.66%	37.65%	41.2%	57.08%	54%	96.04%	60.71%	56.77%
CAPEX / FCF (%)	56.98%	83.28%	64.05%	152.58%	220.72%	224.49%	243.06%	226.02%
Items per share
Cash flow per share ¹	8.405	8.906	25.71	24.91	28.89	19.96	29.22	29.31
Change	-	5.96%	188.68%	-3.11%	15.98%	-30.91%	46.41%	0.28%
Dividend per Share ¹	-	-	7.225	7.6	4.97	2.015	2.024	2.057
Change	-	-	-	5.19%	-34.61%	-59.46%	0.48%	1.61%
Book Value Per Share ¹	-	-	-	-	70.57	74.01	76.55	81.48
Change	-	-	-	-	-	4.88%	3.43%	6.44%
EPS ¹	4.95	4.74	14.58	9.02	8.46	5.668	6.043	6.512
Change	-	-4.24%	207.59%	-38.13%	-6.21%	-33%	6.61%	7.77%
Nbr of stocks (in thousands)	20,834	84,456	85,111	93,774	96,514	92,580	92,580	92,580
Announcement Date	2/17/21	3/8/22	2/22/23	2/27/24	2/24/25	-	-	-