Core Viewpoint - A securities class action lawsuit has been filed against Civitas Resources, Inc. for failing to disclose significant operational challenges during the Class Period from February 27, 2024, to February 24, 2025 [1][3]. Group 1: Company Performance - Civitas reported Q4 and full-year 2024 financial results with revenue of $1.29 billion, missing consensus estimates by $3.44 million, and non-GAAP earnings per share of $1.78, missing estimates by $0.21 per share [4]. - The company’s net income for Q4 2024 was $151.1 million, or $1.57 per share, a decline from $302.9 million, or $3.23 per share, in the same quarter the previous year [4]. Group 2: Operational Challenges - The lawsuit claims that Civitas was likely to significantly reduce its oil production in 2025 due to declines after reaching peak production in the DJ Basin in Q4 2024 [3]. - Civitas indicated that increasing oil production would necessitate acquiring additional acreage and implementing disruptive cost-reduction measures [3]. Group 3: Workforce and Management Changes - Civitas announced a 10% reduction in its workforce across all levels as part of its 2025 outlook [5]. - The company terminated its Chief Operating Officer Hodge Walker and Chief Transformation Officer Jerome Kelly [5]. Group 4: Market Reaction - Following the announcement of its financial results and operational outlook, Civitas's stock price fell by $8.95 per share, or 18%, closing at $40.35 per share on February 25, 2025 [6].

Core Viewpoint - A lawsuit has been filed against Civitas Resources, Inc. and its senior executives for potential violations of federal securities laws, specifically under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [1][2]. Company Overview - Civitas Resources, Inc. is an oil and gas exploration and production company with key assets in the Denver-Julesburg Basin in Colorado and the Permian Basin in Texas and New Mexico [3]. Allegations - The complaint alleges that Civitas misrepresented the recovery potential of its basins and claimed to have driven production ahead of plans while asserting reduced operating costs. In reality, the company's oil production peaked in 2024, and further production increases would require significant capital expenditures [3]. Stock Performance - Following the announcement of disappointing Q4 and full year 2024 results on February 24, 2025, Civitas reduced its oil production guidance and announced a 10% workforce reduction. This led to a stock price decline of over 18%, from $49.30 per share to $40.35 per share [4].

Group 1 - The Rosen Law Firm is reminding purchasers of Civitas Resources, Inc. securities from February 27, 2024, to February 24, 2025, about the lead plaintiff deadline of July 1, 2025 [1][2] - Investors who purchased Civitas Resources securities may be entitled to compensation through a contingency fee arrangement, meaning no out-of-pocket fees or costs [1][3] - A class action lawsuit has been filed against Civitas Resources, alleging that the company made materially false and misleading statements regarding its oil production and financial condition [3][4] Group 2 - The lawsuit claims that Civitas was likely to significantly reduce its oil production in 2025 due to declines following a production peak in the DJ Basin and low TIL count at the end of 2024 [3] - It is alleged that increasing oil production would require Civitas to incur significant debt and sell corporate assets, leading to a need for disruptive cost-reduction measures, including workforce reductions [3] - The lawsuit asserts that Civitas' public statements were false and misleading, resulting in damages to investors when the true details became known [3]

Core Viewpoint - A lawsuit has been filed against Civitas Resources, Inc. and its senior executives for potential violations of federal securities laws, specifically under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [1][2]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of New Jersey, titled Lin v. Civitas Resources, et al., No. 25-cv-03791 [2]. - Investors have until July 1, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Civitas Resources is an oil and gas exploration and production company with key assets in the Denver-Julesburg Basin in Colorado and the Permian Basin in Texas and New Mexico [3]. - The company claimed to have "enhanced recovery potential" and "driven production ahead of plans," while asserting that costs were below expectations [3]. Group 3: Financial Performance and Stock Impact - On February 24, 2025, Civitas announced disappointing Q4 and full year 2024 results, revealing that oil production had peaked and would require significant capital investment to increase production [4]. - Following the announcement, Civitas's stock price fell over 18%, from $49.30 per share to $40.35 per share [4].

Core Viewpoint - Prairie Operating Co. (PROP) and Civitas Resources (CIVI) are two independent energy firms competing in Colorado's DJ Basin, with PROP focusing on aggressive growth through acquisitions and CIVI emphasizing cost discipline and expansion into high-return Permian assets [1][2]. Group 1: Prairie Operating Co. (PROP) - Strategic Growth via Acquisitions: PROP has executed over $800 million in acquisitions since 2023, tripling its scale and adding 54,000 net acres and over 28,000 BOE/d in output [3][4]. - Financial Firepower and Production Growth: Adjusted EBITDA for 2025 is forecasted between $350 million and $370 million, with net income guidance of $69 million to $102 million, and expected production averaging 29,000 to 31,000 BOE/d in 2025, a more than 300% increase year over year [4][5]. - Strategic Hedging Locks in Upside: PROP has hedged about 85% of its 2025 daily production at $68.27/bbl WTI, providing visibility on cash flows and protecting against market volatility, with a hedge book valued at approximately $70 million [5]. Group 2: Civitas Resources (CIVI) - Cost Optimization and Cash Flow Strength: CIVI is targeting $100 million in additional annual free cash flow through a company-wide cost optimization plan, expecting to generate $1.3 billion in free cash flow in 2024 and $1.1 billion in 2025 [6]. - Focused Permian Expansion: CIVI has shifted 40% of its capital activity to the Delaware Basin, which has shown the highest returns, with operational gains reflected in faster drilling rates and enhanced capital efficiency [7]. - Robust Balance Sheet and Hedging Strategy: CIVI aims to achieve a $4.5 billion net debt target by year-end 2025, with nearly $200 million in hedge value secured, insulating free cash flow against oil price volatility [8]. Group 3: Price Performance and Valuation - Price Performance: Both PROP and CIVI have seen significant declines over the past year, with PROP down 71% and CIVI down 61%, attributed to weak oil prices and macro concerns [10]. - Valuation Comparison: PROP trades at 0.27X forward sales, significantly lower than CIVI's 0.56X, indicating a potential undervaluation [13]. - EPS Estimates: PROP's earnings are projected to surge by 382.9% in 2025, while CIVI's EPS is expected to fall by 29.3% in the same year, highlighting PROP's stronger growth trajectory [14][16]. Group 4: Conclusion - Both PROP and CIVI carry a Zacks Rank 3 (Hold), with CIVI offering strong free cash flow and disciplined cost control, while PROP presents exciting growth potential and an improving cash flow profile, positioning PROP slightly better at this moment [19].

Core Viewpoint - Civitas Resources, Inc. is facing allegations of misleading shareholders regarding its oil production capabilities and financial health, leading to a potential class action lawsuit [3][4]. Group 1: Allegations Against Civitas Resources - Civitas is likely to significantly reduce its oil production in 2025 due to declines following a production peak at the DJ Basin in Q4 2024 and a low TIL count at the end of 2024 [3]. - Increasing oil production would necessitate acquiring additional acreage and development locations, which could incur significant debt and require the sale of corporate assets to offset acquisition costs [3]. - The company's financial condition may force it to implement disruptive cost reduction measures, including significant workforce reductions [3]. - As a result, Civitas's business and financial prospects, as well as its operational capabilities, were overstated, leading to materially false and misleading public statements [3]. Group 2: Class Action Details - The class period for the lawsuit is from February 27, 2024, to February 24, 2025, with a deadline for shareholders to register by July 1, 2025 [3][4]. - Shareholders who register will be enrolled in a portfolio monitoring software to receive status updates throughout the case lifecycle [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by false or misleading statements that led to artificial inflation of stock prices [5].

Core Viewpoint - A lawsuit has been filed against Civitas Resources, Inc. and its senior executives for potential violations of federal securities laws, alleging misleading statements regarding the company's production capabilities and costs [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of New Jersey, titled Lin v. Civitas Resources, et al., No. 25-cv-03791, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until July 1, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Civitas Resources is an oil and gas exploration and production company with key assets in the Denver-Julesburg Basin in Colorado and the Permian Basin in Texas and New Mexico [3]. - The company claimed to have "enhanced recovery potential" and reduced operating costs, but the lawsuit alleges that actual production peaked in 2024, requiring significant capital for further production [3]. Group 3: Stock Performance - Following the announcement of disappointing Q4 and full year 2024 results on February 24, 2025, Civitas's stock price fell over 18%, from $49.30 to $40.35 per share [4]. - The company also announced a 10% workforce reduction and the immediate firing of its Chief Operating Officer and Chief Transformation Officer [4].

Core Viewpoint - A class action lawsuit has been filed against Civitas Resources, Inc. for alleged violations of federal securities laws, specifically regarding misleading statements about oil production and financial conditions [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Civitas made false and misleading statements about the likelihood of a reduction in oil production for 2025, particularly due to declines after the production peak at the DJ Basin [2]. - To increase production, Civitas would need to acquire new development locations, which could lead to significant debt [2]. - The company may have to implement cost-reduction measures, including layoffs, due to its financial condition [2]. Group 2: Shareholder Information - Shareholders who purchased Civitas securities between February 27, 2024, and February 24, 2025, are encouraged to contact the law firm before July 1, 2025, to participate in the lawsuit [1][3].

Core Viewpoint - A securities class action lawsuit has been filed against Civitas Resources, Inc. for failing to disclose significant operational challenges during the Class Period from February 27, 2024, to February 24, 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Civitas securities during the specified Class Period [1]. - Investors have until July 1, 2025, to seek appointment as lead plaintiff representative of the class [2]. Group 2: Company Performance and Outlook - Civitas reported Q4 and full-year 2024 revenue of $1.29 billion, missing consensus estimates by $3.44 million, with non-GAAP earnings per share of $1.78, also missing estimates by $0.21 [4]. - The company’s net income for the quarter was $151.1 million, or $1.57 per share, down from $302.9 million, or $3.23 per share, in the same quarter the previous year [4]. - Civitas announced a 10% workforce reduction and the termination of its COO and CTO on February 24, 2025, citing lower production volumes primarily due to declines in the DJ Basin [5]. Group 3: Market Reaction - Following the announcement of disappointing financial results and operational challenges, Civitas's stock price fell by $8.95, or 18%, closing at $40.35 per share on February 25, 2025 [6].

Core Viewpoint - A lawsuit has been filed against Civitas Resources, Inc. and its senior executives for potential violations of federal securities laws, alleging misleading statements regarding the company's production capabilities and costs [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of New Jersey, titled Lin v. Civitas Resources, et al., No. 25-cv-03791, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until July 1, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Civitas Resources is an oil and gas exploration and production company with key assets in the Denver-Julesburg Basin in Colorado and the Permian Basin in Texas and New Mexico [3]. - The company claimed to have "enhanced recovery potential" and "driven production ahead of plans," while asserting that costs were below expectations [3]. Group 3: Financial Performance and Stock Impact - On February 24, 2025, Civitas announced disappointing Q4 and full year 2024 results, revealing that oil production had peaked and would require significant capital investment to increase production [4]. - Following the announcement, Civitas's stock price dropped over 18%, from $49.30 per share to $40.35 per share [4].