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Stock impact report

Civitas Announces Fourth Quarter and Full-Year 2023 Results

Civitas Resources, Inc. (CIVI) 
Last civitas resources, inc. earnings: 8/7 04:15 pm Check Earnings Report
US:NYSE Investor Relations: civitas-solutions.com/investor-relations
Company Research Source: Business Wire
2024 Outlook Focused on Free Cash Flow and Cash Returns to Shareholders;Production Guidance Maintained with 7% Reduction in Capital DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today reported its fourth quarter and full-year 2023 financial and operating results, as well as provided its 2024 outlook. A webcast and conference call to discuss the results is planned for 8:00 a.m. MT (10:00 a.m. ET), February 28, 2024. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com.Fourth Quarter 2023 HighlightsNet income of $303 million and Adjusted EBITDAX(1) of $763 millionNet cash provided by operating activities of $843 million and free cash flow(1) of $215 millionFixed-plus-variable dividend, to be paid in March 2024, of $1.45 per shareAverage sales of 279 thousand barrels of crude oil equivalent per day (“MBoe/d”), of which 47% was crude oil. DJ Basin p Show less Read more
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