Core Viewpoint - Civitas Resources, Inc. is facing a class action lawsuit due to allegedly misleading statements regarding its oil production and financial condition during the specified class period from February 27, 2024, to February 24, 2025 [1][3]. Group 1: Class Action Details - The Rosen Law Firm is reminding investors who purchased Civitas securities during the class period of the July 1, 2025, deadline to become a lead plaintiff in the class action [1][2]. - The lawsuit claims that Civitas made materially false and misleading statements about its oil production capabilities and financial health, which led to investor damages when the truth was revealed [3]. Group 2: Allegations Against Civitas - Civitas was likely to significantly reduce its oil production in 2025 due to declines following a production peak in Q4 2024 and low TIL count at the end of 2024 [3]. - Increasing oil production would necessitate acquiring additional acreage, leading to significant debt and asset sales to cover acquisition costs [3]. - The company's financial condition would require disruptive cost-reduction measures, including a significant workforce reduction, which overstated its business and financial prospects [3].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Civitas To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $100,000 in Civitas between February 27, 2024 and February 24, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, June 20, 2025 /PRNew ...

NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Civitas Resources, Inc. (NYSE: CIVI) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Civitas you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/civitas-resources-inc. Investors have until July 1, 2025, to ask the Court to be appointe ...

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 was 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 cover acquisition costs [2] - The company's financial condition may require disruptive cost reduction measures, including a significant workforce reduction [2] - As a result, Civitas's business and financial prospects, as well as its operational capabilities, were 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 in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [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 securities litigation [4] - The firm has over 70 employees and has been ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the U.S. [4]

NEW YORK, June 19, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Civitas Resources, Inc. ("Civitas Resources" or the "Company") (NYSE: CIVI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Civitas Resources investors who were adversely affected by alleged securities fraud between February 27, 2024 and February 24, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra- ...

NEW YORK, June 19, 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=153511&from=4CLASS PERIOD: February 27, ...

Core Viewpoint - Civitas Resources, Inc. is facing a class action lawsuit due to alleged misleading statements and failure to disclose significant risks during the Class Period from February 27, 2024, to February 24, 2025 [1][4]. Group 1: Company Overview - Civitas Resources is an oil and gas exploration and production company focused on acquiring, developing, and producing crude oil and liquids-rich natural gas from assets in Colorado's Denver-Julesburg (DJ) Basin and the Permian Basin in Texas and New Mexico [3]. Group 2: Allegations and Financial Performance - The class action lawsuit claims that Civitas Resources made false statements and failed to disclose key risks, including a likely significant reduction in oil production in 2025 due to natural declines in the DJ Basin and a low number of new wells [4]. - Civitas reported fourth-quarter and full-year 2024 financial results with revenue of $1.29 billion, missing analyst expectations by $3.44 million, and non-GAAP earnings per share of $1.78, falling short of projections by $0.21 per share [5]. - The company forecasted average oil production for 2025 to be between 150,000 and 155,000 barrels per day, indicating an approximate 4% year-over-year decline [5]. Group 3: Operational Challenges - Civitas attributed lower production levels to natural declines in the DJ Basin, a reduced number of new wells, severe winter weather, and unexpected third-party processing outages in early 2025 [6]. - The company announced a 10% workforce reduction and the termination of its Chief Operating Officer and Chief Transformation Officer [6]. - Following the disclosures, Civitas Resources' stock price dropped over 18% [6].

Core Points - Rosen Law Firm is reminding investors who purchased Civitas Resources, Inc. securities between February 27, 2024, and February 24, 2025, of the July 1, 2025, lead plaintiff deadline for a class action lawsuit [1][2] - The lawsuit alleges that Civitas made materially false and misleading statements regarding its oil production and financial condition, which led to investor damages when the truth was revealed [3] Company Details - Civitas Resources is facing allegations that it is likely to significantly reduce its oil production in 2025 due to declines following a production peak in the DJ Basin in Q4 2024 and low TIL count at the end of 2024 [3] - The company may need to acquire additional acreage and development locations to increase oil production, which could incur significant debt and require asset sales [3] - Civitas' financial condition may necessitate disruptive cost-reduction measures, including a significant workforce reduction, which could impact its business and operational capabilities [3]

NEW YORK, June 18, 2025 (GLOBE NEWSWIRE) -- 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=153443&from=3 CLASS PERIOD: Febru ...

NEW YORK, June 18, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Civitas Resources, Inc. (NYSE: CIVI) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Civitas you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/civitas-resources-inc. Investors have until July 1, 2025, to ask the Court to be appointe ...