CLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Civitas Resources (NYSE: CIVI) Investors to Inquire About a Securities Fraud Class Action by July 1, 2025

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 revenue of $1.29 billion, missing consensus estimates by $3.44 million, and non-GAAP earnings per share of $1.78 for the quarter, missing estimates by $0.21 per share [4]. - The company reported a net income of $151.1 million, or $1.57 per share, compared to $302.9 million, or $3.23 per share, in the same quarter of the previous year [4]. - Civitas announced a 10% reduction in its workforce and the termination of its Chief Operating Officer and Chief Transformation Officer [5]. Group 2: Market Reaction - Following the announcement of disappointing financial results and operational challenges, Civitas's stock price fell by $8.95 per share, or 18%, closing at $40.35 per share on February 25, 2025 [6]. Group 3: Legal Context - Investors who purchased Civitas securities during the Class Period have until July 1, 2025, to seek appointment as lead plaintiff in the class action lawsuit [2].