Civitas: Q2 Earnings Snapshot
By AP News
Published - Aug 02, 2024, 02:36 AM ET
Last Updated - Aug 02, 2024, 02:36 AM EDT
DENVER (AP) — DENVER (AP) — Civitas Resources, Inc. (CIVI) on Thursday reported second-quarter profit of $216 million.
The Denver-based company said it had net income of $2.15 per share. Earnings, adjusted for non-recurring gains, came to $2.06 per share.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.93 per share.
The oil and gas company posted revenue of $1.31 billion in the period, which also missed Street forecasts. Eight analysts surveyed by Zacks expected $1.36 billion.
