Civitas Resources (NYSE:CIVI) reported its Q3 earnings results on Tuesday, November 7, 2023 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Civitas Resources missed estimated earnings by 39.3%, reporting an EPS of $1.56 versus an estimate of $2.57.
Revenue was up $28.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 1.01% drop in the share price the next day.
Here’s a look at Civitas Resources’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.68 | 2.13 | 2.63 | 3.55 |
| EPS Actual | 1.72 | 2.46 | 2.49 | 3.56 |
| Revenue Estimate | 640.84M | 648.80M | 746.18M | 865.14M |
| Revenue Actual | 660.53M | 656.02M | 814.27M | 1.01B |
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.
