Core Viewpoint - Civitas Resources, Inc. is facing a class action securities lawsuit due to alleged securities fraud that affected investors between February 27, 2024, and February 24, 2025 [1] Group 1: Lawsuit Details - The lawsuit claims that 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 [2] - Increasing oil production would necessitate acquiring additional acreage and development locations, leading to significant debt and potential asset sales to offset acquisition costs [2] - The financial condition of Civitas may require disruptive cost reduction measures, including a significant workforce reduction [2] - Consequently, the business and financial prospects, as well as operational capabilities of Civitas, were allegedly overstated, making public statements materially false and misleading [2] Group 2: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until July 1, 2025, to request the Court to appoint them as lead plaintiff, although participation does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has a strong track record in high-stakes cases [4] - The firm has extensive expertise in complex securities litigation and has been ranked in the Top 50 Report by ISS Securities Class Action Services for seven consecutive years [4]

Group 1 - The company released its first quarter 2025 results along with supplemental materials and its 10-Q filing [3] - The conference call includes prepared remarks from the CEO, Chris Doyle, and a Q&A session with the CFO, Marianella Foschi, and other management members [4] - The operator announced that the conference call is being recorded and all lines are muted to prevent background noise [1][2] Group 2 - The company encourages participants to limit their questions to one question and one follow-up to ensure an efficient Q&A session [4] - Forward-looking statements will be made during the call, which are subject to risks and uncertainties that could lead to actual results differing from projections [5]

Civitas Resources (CIVI) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Brad Whitmarsh - Vice President, Investor RelationsChris Doyle - CEOGabe Daoud - Managing Director, Energy Equity ResearchZach Parham - Executive DirectorScott Hanold - Managing Director - Energy ResearchOliver Huang - DirectorMarianella Foschi - Chief Financial Officer & TreasurerLeo Mariani - MD & Equity Research Operator Good day, and thank you for standing by. Welcome to the Civitas Resources First Quarter twent ...

Civitas Resources (CIVI) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Civitas Resources First Quarter twenty twenty five Earnings Conference Call and Webcast. My name is Rochelle, and I will be your operator for today's call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Please be advised that today's conference call is being recorded. I will now ...

NEW YORK, May 8, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Civitas Resources, Inc. (NYSE: CIVI).Shareholders who purchased shares of CIVI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/civitas-resources-loss-submission-form/?id=147324&from=4 CLASS PERIOD: February 27, 2 ...

Civitas Resources (CIVI) reported $1.19 billion in revenue for the quarter ended March 2025, representing a year-over-year decline of 10.2%. EPS of $1.77 for the same period compares to $1.74 a year ago.The reported revenue represents a surprise of -0.63% over the Zacks Consensus Estimate of $1.2 billion. With the consensus EPS estimate being $1.68, the EPS surprise was +5.36%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

Civitas Resources (CIVI) came out with quarterly earnings of $1.77 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.74 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5.36%. A quarter ago, it was expected that this oil and gas company would post earnings of $1.95 per share when it actually produced earnings of $1.78, delivering a surprise of -8.72%. Over the last four quarter ...

Remaining Disciplined 1Q25 Results May 2025 Forward-Looking Statements and Disclosures Forward-Looking Statements and Cautionary Statements Certain statements in this presentation concerning future opportunities for Civitas, future financial performance and condition, guidance, and any other statements regarding Civitas' future expectations, beliefs, plans, objectives, financial conditions, returns to shareholders, assumptions, or future events or performance that are not historical facts are "forward-looki ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Civitas Resources, Inc. (Exact name of registrant as specified in its charter) Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-35371 (State or other ...

Exhibit 99.1 Civitas Resources, Inc. Reports First Quarter 2025 Results Implementing cost optimization and operational efficiency initiatives to deliver over $100 million in annualized free cash flow DENVER — May 7, 2025 - Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today reported its first quarter 2025 financial and operating results. A webcast and conference call to review the Company's results is planned for 6:30 a.m. MT (8:30 a.m. ET) on Thursday, May 8, 2025. Participation details ...