Shareholder Alert: Robbins LLP Informs Investors of the Civitas Resources, Inc. Class Action Lawsuit

Core Insights - A class action lawsuit has been filed against Civitas Resources, Inc. for allegedly misleading investors regarding its production capabilities and financial condition [1][2] Group 1: Allegations and Impact - The lawsuit claims that Civitas failed to disclose a likely significant reduction in oil production for 2025 due to declines following a production peak in the DJ Basin in Q4 2024 and a low TIL count at the end of 2024 [2] - It is alleged that increasing oil production would necessitate acquiring additional acreage and development locations, leading to significant debt and potential asset sales [2] - The company's financial condition reportedly required disruptive cost-reduction measures, including a significant workforce reduction, which overstated its business and financial prospects [2] - Following the revelation of these issues on February 24, 2025, Civitas's stock price dropped by $8.95 per share, over 18%, closing at $40.35 on February 25, 2025 [2] Group 2: Legal Proceedings - Shareholders interested in serving as lead plaintiffs must file their papers with the court by July 1, 2025 [3] - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [3] Group 3: Company Background - Civitas Resources, Inc. is an independent exploration and production company focused on crude oil and liquids-rich natural gas in the DJ Basin and the Permian Basin [1]