Civitas Resources, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
August 01, 2024 at 04:43 pm EDT
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Civitas Resources, Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported revenue was USD 1,312.69 million compared to USD 660.53 million a year ago. Net income was USD 215.99 million compared to USD 139.29 million a year ago. Basic earnings per share from continuing operations was USD 2.17 compared to USD 1.73 a year ago. Diluted earnings per share from continuing operations was USD 2.15 compared to USD 1.72 a year ago.
For the six months, revenue was USD 2,641.9 million compared to USD 1,316.55 million a year ago. Net income was USD 391.81 million compared to USD 341.75 million a year ago. Basic earnings per share from continuing operations was USD 3.92 compared to USD 4.22 a year ago. Diluted earnings per share from continuing operations was USD 3.88 compared to USD 4.18 a year ago.
Civitas Resources, Inc. is an independent, domestic oil and gas producer focused on development of its assets in the Denver-Julesburg (DJ) and Permian Basins. The Companyâs operations are focused along the Denver-Julesburg (DJ), Delaware and Midland Basins. Its development facilities are located in counties across the Front Range of northern and central Colorado, as well as Southeastern New Mexico and West Texas. Its acreage position in the DJ Basin is about 453,600 net acres and, in the Permian Basin, it is about 68,500 net acres. The Company has a total production of about 280,000 barrels of oil equivalent (BOE).
CIVITAS RESOURCES, INC. 