Civitas Resources (NYSE:CIVI) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Civitas Resources beat estimated earnings by 16.43%, reporting an EPS of $2.48 versus an estimate of $2.13.
Revenue was down $161.79 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.14 which was followed by a 13.09% increase in the share price the next day.
Here’s a look at Civitas Resources’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 2.63 | 3.55 | 3.91 | 2.47 |
| EPS Actual | 2.49 | 3.56 | 4.63 | 2.51 |
| Revenue Estimate | 746.18M | 865.14M | 861.38M | 620.44M |
| Revenue Actual | 814.27M | 1.01B | 1.15B | 817.81M |
To track all earnings releases for Civitas Resources visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
