Kirby McInerney LLP Announces Investigation Against Civitas Resources, Inc. (CIVI) on Behalf of Investors

Core Viewpoint - Civitas Resources, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following disappointing financial results and significant management changes [1][3]. Financial Performance - On February 24, 2025, Civitas reported its fourth quarter and full year 2024 financial results, which included revenue and non-GAAP EPS that fell short of consensus estimates [3]. - The company's share price dropped by $8.95, or approximately 18$49.30 to $40.35 following the announcement of its financial results [3]. Workforce and Management Changes - Civitas announced a 10% reduction in its workforce across all levels [3]. - The company terminated its Chief Operating Officer Hodge Walker and Chief Transformation Officer Jerome Kelly, effective immediately [3].